INA.ASX - Ingenia Communities

[BlackPeter]

A retirement village provider with a difference ... they basically buy holiday parks in the most beautiful spots of Australia, keep them going and turn parts of the land into sections for retirement housing which can be leased ... and they sell as well the cabins sitting on these sections.

I remember KW used to love them many years ago when the momentum was on their side ;

Still - they had a nice run from $3 in 2018 up to peaking in 2021 shy of $7. The retirement village flu took them down with the others back to $3.56 ... and it sort of looks the bottom might be in:

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SP crossed MA 50 and recently MA 100. Volume looks good (maybe a bit overbought). Anywhere - if it stays there, it should be all up from here.

From a fundamental perspective: Baby boomers keep retiring, and INA offer something like a permanent holiday in beautiful places for them. Forward PE is around 16, which is, given the Earnings CAGR of 12.5 not too demanding. Obviously - analysts are not better in predicting the future than anybody else.

Insiders hold still more than 10%. For what it is worth - analyst consensus is $5.55 per share.

Discl: holding

[KW]

I remember KW used to love them many years ago when the momentum was on their side ;

Ooh, I did.  I bought them at 7-8c and sold them for 48c in 2014   (this was pre the 1 for 6 share consolidation in 2015).  They then went nowhere for years.  I still check in on it occasionally, for old times sake lol.