Got ya, you're right - the cash flow was comparing 12m to 10m.
Printable View
Looks ok to me. FY dividend now 4.4cps, albeit unimputed, which is only 53.9% of underlying net profit according to the Annual Report. The 2.3cps final dividend can be taken via the DRP at a 2% discount.
OCA is positioned for growth in my view despite Covid headwinds. I saw the 12 months to 31 March 2022 as consolidating the direction of travel.
Bottom page 5 of investor presentation, "refreshed strategic focus", "what does this mean for FY2023?" - "A focus on independent living units". At last.
That might be the case.
Let's look at it as per share
12 months (March 2022)
105.5 millions net cash inflow /710.24 million shares = 0.148 per share
10 months (March 2021)
95.95 millions net cash inflow / 689.3 million shares = 0.139 per share
0.148/0.139 = 1.06
This means an increase of around 6% in net cash inflow per share for 12 months compared to 10 months without adjusting for 6.9% inflation.
So.. not good, not bad, divvy is okay, growth ahead.
Guess its a hold
Still a great long term hold, moving in the right direction re independent units, was up 3% yesterday whilst RYM was down so not expecting too much today.