ASX:REGHealthcare
Regis Healthcare (ASX:REG) Valuation Revisited After Share Price Drops on Aged Care Funding Shortfall
Regis Healthcare (ASX:REG) just got everyone's attention following a steep 26% drop in its share price. The trigger? A company update revealed that the Australian Government’s latest funding boost for aged care will fall short of what Regis had anticipated. The funding gap means that recent increases will not fully cover higher staffing and wage costs, which puts immediate pressure on profit margins and casts a shadow over near-term earnings prospects.
This kind of move is tough to ignore,...