The main issue is whether Centurion is experiencing what Buffet calls a secular change in its business environment - too many competitor diving in on the supply side and government policy allowing contractors to avoid spending money on dormitories for their workers on the demand side. While I cannot fault this anecdotal assessment, the financial numbers don't seem to indicate a rapid decline. So it's one side betting against the other. To each his own and good luck!
I'm thinking this new move sounds more like making a value out of necessity, as the local market is drying up after the authority allowed contractors to keep their foreign workers at the work site. Breaking into the mature markets in the western countries is not going to be easy as I am sure this need must have been met by what's available there already. For instance, a student studying in London would paying around GBP 200 a week sharing an apartment with others. The price may sound lucrative, but we need to remember that property prices in London are already sky-high! So I am not very comforted but still vested despite the steep price fall for this counter.