Changes are happening - please bear with us while we update our site.

Join Free
Log in

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Join Free
Log in

Aged Care Royal Commission, Japara, Estia & Regis Shares Drop

The Government is planning to start a Royal Commission into the aged care sector and Japara (ASX:JHC), Regis (ASX:REG) and Estia (ASX:EHE) have taken a hit.
asx-news-update-interview-listen-record-phone-mic-report-up-down-news-hand-global-markets

It was announced over the weekend that the Government plans to carry out a Royal Commission into the aged care sector.

The share prices of Japara Healthcare Ltd (ASX: JHC), Estia Health Ltd (ASX: EHE) and Regis Healthcare Ltd (ASX: REG) are all down more than 14% in response to the news.

Why Is It Happening?

[emaillocker]

The Royal Commission into the financial sector has created major waves through the banking sector and the wider financial advice industry. Today saw the departure of National Australia Bank Ltd’s (ASX: NAB) head of consumer banking, Andrew Hagger.

The new Prime Minister Scott Morrison said:

“As a result of the work that the government has been doing, the unannounced visits, the compliance audits, it has revealed a very disturbing trend in what is happening in terms of non-compliance and abuses and failures of care that have been occurring across the sector.”

According to Government figures, there was a 177% increase in the number of aged care homes identified as posing a serious risk to residents.

Investors appear to be expecting the inquiry to be a negative to large and small aged care operators alike.

[/emaillocker]

The Best* Finance Podcast On Earth

The Rask Group’s Australian Investors Podcast is fast becoming Australia’s #1 podcast for serious investors. It provides unique insights from Australia’s best investors, entrepreneurs, authors and financial thinkers. Download the latest episode free on iTunes,  Castbox, YouTube or wherever you choose to listen.

Here’s a timeless interview with leading stockbroker, Charlie Aitken.

*As voted by us

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Access all reports now

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
More analysis

Latest stories

Free passive income report
Skip to content