OCA - Oceania Group - retirement villages

[Balance]

Funding squeeze and lack of staff at fault? His poor wife must have been in hell trying to help him when he was in “respite” care.

Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

One too many issues with Oceania's care of the elderly.

Goes back to how and why Oceania was set up in the first place?

Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.

[Baa_Baa]

Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

One too many issues with Oceania's care of the elderly.

Goes back to how and why Oceania was set up in the first place?

Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.

2019 incident.

"The results confirm that this was an independent incident and not a reflection of the wider culture."

Macquarie exited 2021 (if I recall correctly). The whole business has new strategy and business model since.

This should have no effect on the market. Market is forward looking, not backwards 5 years

[Balance]

2019 incident.

"The results confirm that this was an independent incident and not a reflection of the wider culture."

Macquarie exited 2021 (if I recall correctly). The whole business has new strategy and business model since.

This should have no effect on the market. Market is forward looking, not backwards 5 years

Fair enough but how confident can children be about putting their parents into OCA's RV and care units?

https://www.rnz.co.nz/news/national/...its-rest-homes

https://www.nzherald.co.nz/waikato-n...JEOHGJTLUWH6I/

[bull....]

Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

One too many issues with Oceania's care of the elderly.

Goes back to how and why Oceania was set up in the first place?

Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.

Its not the kind of PR you want in a sales slowdown. might make things even worse capital raising might be back on the table then

[Baa_Baa]

Fair enough but how confident can children be about putting their parents into OCA's RV and care units?

https://www.rnz.co.nz/news/national/...its-rest-homes

https://www.nzherald.co.nz/waikato-n...JEOHGJTLUWH6I/

All of the RV's have isolated incidents from time to time, it is inevitable. This is not exclusive to OCA by any means.

[Balance]

All of the RV's have isolated incidents from time to time, it is inevitable. This is not exclusive to OCA by any means.

Agreed but OCA seems to hog the headlines compared to the other listed RV players? Not good for sales surely!

[bottomfeeder]

Agreed but OCA seems to hog the headlines compared to the other listed RV players? Not good for sales surely!

Very slanted article. The elderley man had so many advanced health issues. He was in hospital for two weeks before he died. Did they blame the hospital? Perhaps Oceania should not take in such patients. They probably should have gone to hospice for respite care. Nevertheless my sympathies go out to the family. But now as he was a very sick man, and in the care of anyone else would probably have died, market cap has dropped by over 20 mill. Just where does that make sense from an isolated incident.

[mistaTea]

Very slanted article. The elderley man had so many advanced health issues. He was in hospital for two weeks before he died. Did they blame the hospital? Perhaps Oceania should not take in such patients. They probably should have gone to hospice for respite care. Nevertheless my sympathies go out to the family. But now as he was a very sick man, and in the care of anyone else would probably have died, market cap has dropped by over 20 mill. Just where does that make sense from an isolated incident.

Jesus Christ.

Thank God you are not in charge of comms or Brand at OCA.

You actually sat down, wrote that out and did not even have a little voice in the back of your mind protesting before you hit the post button.

[winner69]

Don’t think market cap has dropped by 20 mill because of that article

Just punters still wary of OCA overall performance and what might come out in next month results announcement

Sentiment sure is negative at the moment

[bottomfeeder]

Jesus Christ.

Thank God you are not in charge of comms or Brand at OCA.

You actually sat down, wrote that out and did not even have a little voice in the back of your mind protesting before you hit the post button.

Dont see the problem with my post. Rv's are in the business of caring for the elderley. But when the residents become so severely sick, they need specialised hospice care, which RV care staff just cant cope with due to the level of supervision required. RV's should not be a hospice care facility.