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Lifestyle Communities Ltd ( (AU:LIC) ) just unveiled an update.

Lifestyle Communities Ltd has received a judgement from the Victorian Civil and Administrative Tribunal (VCAT) regarding its deferred management fee agreements. While the legitimacy of the fee concept was upheld, some agreements were declared void, prompting the company to consider an appeal. The company is in a trading halt pending further legal advice and will update the market on the implications for its operations and stakeholders.

The most recent analyst rating on (AU:LIC) stock is a Buy with a A$10.40 price target. To see the full list of analyst forecasts on Lifestyle Communities Ltd stock, see the AU:LIC Stock Forecast page.

More about Lifestyle Communities Ltd

Based in Melbourne, Victoria, Lifestyle Communities® develops, owns, and manages affordable independent living residential land lease communities. The company has thirty-two residential land lease communities under contract, in planning, in development, or under management.

Average Trading Volume: 347,220

Technical Sentiment Signal: Sell

Current Market Cap: A$855.8M

For a thorough assessment of LIC stock, go to TipRanks’ Stock Analysis page.

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