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28-04-2024, 05:24 PM
#19781
Member
Originally Posted by winner69
Next results announcement only weeks away.
Time to review performance since listing ……these are the headlines over the years:
July 17. Oceania Healthcare exceeds IPO forecasts
Jan 18. Oceania Healthcare doubles profit for half year
July 18. Oceania Healthcare exceeds forecast with strong earnings boost
Jan 19. Oceania Healthcare grows profit for the six months ended 30 November 2018
July 19. Oceania Healthcare reports completion of key development projects and strong sales momentum
Jan 20. Substantial Increase in First Half Unaudited Underlying NPAT* for Oceania Healthcare.
July 20. Oceania Healthcare reports steady underlying earnings for the year despite impacts of COVID-19
Jan 21. Oceania records increase in First Half Unaudited Underlying EBITDA
May 21 Oceania records strong 10 month trading result
Nov 21 Oceania delivers improved performance despite Covid 19
May 22 Oceania positioned for growth
Nov 22. Care Suite premiumisation deliver results
May 23 Oceania delivers solid result
Nov 23 Oceania continues the transformation of its portfolio
Recent headlines seem to be getting less bullish than previous ones
Wonder what the May 24 headline will be?
Interesting that the headlines getting less bullish seems to tie in with CEO change over in 21... maybe once new CEO appointed we will see a reversal to more positive headlines.
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28-04-2024, 06:16 PM
#19782
Originally Posted by winner69
So the headline won’t be like this March 21 then -
Oceania announces $100m equity raising to fund acquisitions
That cap raise was for eps accretive acquisitions of Waterford and Franklin ……suppose things working out as planned and making bucks out of them
A year or so later they acquired Remuera Rise and Bream Bay
Plenty of new stuff to boost profits eh.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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28-04-2024, 07:58 PM
#19783
https://www.tewhatuora.govt.nz/for-h...models-review/
All things point to one thing, the entire sector is underfunded, the crisis is upon us and will only get worse until serious money is directed towards looking after our elderly.
If you’re interested, read the Sapere report,
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29-04-2024, 08:10 AM
#19784
Originally Posted by Baa_Baa
https://www.tewhatuora.govt.nz/for-h...models-review/
All things point to one thing, the entire sector is underfunded, the crisis is upon us and will only get worse until serious money is directed towards looking after our elderly.
If you’re interested, read the Sapere report,
Pretty sobering report eh BaaBaa
Does it mean only those who can afford to pay for their care will end at the likes of Oceania ….who will be charging enough to make decent profit (for shareholders)
Hard to see any government helping ‘bloat’ profits at Oceania et al ..suppose they will be asking them to do the decent thing and have a social conscience and become a care provider for all at whatever it costs them.
Don’t think that ‘investors’ who want a decent return will like that
Tough world and doesn’t seem things are going to get better for likes of Oceania
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-04-2024, 08:51 AM
#19785
Originally Posted by winner69
Pretty sobering report eh BaaBaa
Does it mean only those who can afford to pay for their care will end at the likes of Oceania ….who will be charging enough to make decent profit (for shareholders)
Hard to see any government helping ‘bloat’ profits at Oceania et al ..suppose they will be asking them to do the decent thing and have a social conscience and become a care provider for all at whatever it costs them.
Don’t think that ‘investors’ who want a decent return will like that
Tough world and doesn’t seem things are going to get better for likes of Oceania
Times have changed from back in the day that Nana or Grandad would move in with the family, actually there is a bit of a revival of multi generational living, but that's typically to help the younger generation into the housing market.
Other than that, Granny was off to the geriatric ward at the public hospital.
As you say, I don't see the Government stepping in to the full the void, particularly for those buying a luxury villa in St Helliers & the like.
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29-04-2024, 06:48 PM
#19786
The new GM of Sales, big ask.
IMG_D749E8B00439-1.jpg
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29-04-2024, 07:07 PM
#19787
Is this a new role?
They made a big deal of it when Anita Hawthorne was appointed as Group General Manager Sales & Service in mid 2022
Maybe Anita given up on sales and just concentrating these days on Service …or was she told she nongovernmental at sales
Quite a few Leadership Team changes over last year or so
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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29-04-2024, 07:47 PM
#19788
Originally Posted by winner69
Is this a new role?
They made a big deal of it when Anita Hawthorne was appointed as Group General Manager Sales & Service in mid 2022
Maybe Anita given up on sales and just concentrating these days on Service …or was she told she nongovernmental at sales
Quite a few Leadership Team changes over last year or so
Seems to be, maybe they realised sales and service are not mutually compatible. Good if they've split the roles and have a dedicated focus (again) on sales, they sure need it, there's a ton of backlog for sale and recent results suggest they need to do something different to get that stock moving.
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30-04-2024, 09:11 AM
#19789
Originally Posted by Daytr
Times have changed from back in the day that Nana or Grandad would move in with the family, actually there is a bit of a revival of multi generational living, but that's typically to help the younger generation into the housing market.
Other than that, Granny was off to the geriatric ward at the public hospital.
As you say, I don't see the Government stepping in to the full the void, particularly for those buying a luxury villa in St Helliers & the like.
Granny flats were the thing in the 70’s and 80’s. Perhaps doctors did more home visits back in the day too. However, back to today, if your family have “escaped” to Australia, maybe ORA villas and then rest home is the only option for many, if they stay in NZ.
I hope OCA are lobbying for a requirement for rest home beds. I think it would work in their favour. Otherwise some providers will take the cream. Although adequate funding of care would be best.
Certainly if funding continues to make running rest home care marginally profitable, a degree of compulsion or quid pro quo for the village ORA scheme may be necessary.
Last edited by Bjauck; 30-04-2024 at 09:15 AM.
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30-04-2024, 09:32 AM
#19790
Originally Posted by Baa_Baa
Seems to be, maybe they realised sales and service are not mutually compatible. Good if they've split the roles and have a dedicated focus (again) on sales, they sure need it, there's a ton of backlog for sale and recent results suggest they need to do something different to get that stock moving.
Hope Anita takes a pay cut then
But then coming up with new exciting innovative things for The Helier residents to indulge in is avpretty stressful task
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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