$INA:ASX - INGENIA COMMUNITIES - Will it bounce off support?INA looks like it is back at its 20 D MA (Bollinger mid line) an area where it has typically bounced off in the past. INA owns, manages and develops a portfolio of retirement and lifestyle communities which would seem to be a strong growth market over the next several decades as baby boomers start to increasingly downsize and move into lifestyle type villages with their friends. Wait for confirmation of the bounce, but could be worth a watch.
Ingenia Communities Group owns, manages and develops a portfolio of retirement and lifestyle communities. It operates through four segments: Gardens, Fuel, Food and Beverage Services, Lifestyle & Holidays, Corporate and Other and Lifestyle Development. The Gardens segment provides rental villages. The Settlers segment provides deferred management fee villages. The Lifestyle & Holidays segment comprises of long-term and tourism within lifestyle parks. The Lifestyle Development segment comprises development and sale of manufactured homes. The , Fuel, Food and Beverage Services segment consists of investment in service station operations and food & beverage activities attached to Ingenia Lifestyle and Holiday communities. The Corporate and Other segment comprises investment in development joint venture, deferred management fee village and corporate overheads. The company was founded on January 11, 2007 and is headquartered in Sydney, Australia.
