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Jarden says market over-values Vital Healthcare units

Jenny Ruth
Thu, 22 Jul 2021

Jarden's Arie Dekker expects higher Vital fees over the next three years (Photo: Supplied)
Jenny Ruth
Thu, 22 Jul 2021
The very high fees Vital Property Healthcare Trust's manager is taking aren't being factored into market valuations of Vital's units, according to Jarden's head of research, Arie Dekker.Dekker has put a 12-month target price on the units of just $2.60 compared to their current market price of $3.20, saying he expects fees to remain "elevated" for the next three years before coming down.His valuation is derived from a combination of a relative yield valuation, a discounted cashflow valuation and a sum-of-the-parts valua...

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