This week Stockland Retirement Pty. Ltd bought an additional 3.23 million shares in FKP, taking its shareholding from 5% to 6.15%, at a cost of approximately $3.3 million. Buying shares on the market at today's prices may reduce the number they have to buy at a higher price in six weeks time when their exclusive arrangement for assessing FKP is up.
The three aged care bombshells from Senate Estimates
Last week’s Senate Estimates hearing – held just three weeks before sweeping reforms roll out – gave politicians the chance to ask Government heavyweights the questions they’re getting from constituents and to interrogate the once-in-a-generation changes.