Last year?
Only 13th Feb today
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RBNZ’s Orr when questioned at the press conference today said ‘I expect the OCA share price to hold where it is through 2019 and that the next move could be either up or down”
Yeah, insiders are presently precluded from selling ATM due to the imminent release of its results. OCA insiders are allowed to buy because they have already reported and that's exactly what they've been doing. Follow the smart money and in ATM's case get stuck into selling before the herd does.
This thread's in danger of being re-labelled ATM2! More informed discussion of OCA please.
:cool:
Well, I bought several parcels between June 2017 and September 2018 and sit on a 15% paper gain (sold nothing) plus enjoyed a nice dividend.
My largest holding (but yeah, I diversify more than some others around here ;));
Life can be tough - maybe this is more an investor's than a trader's stock?
Even if the share price is hardly moving we are at least getting the page numbers up
That’ll keep hardt excited
Increasing divies make my kennel of thoroughbreed hounds well worth keeping.
AQZ [asx] increased their divie by 172%,while MCK in NZ have increased their's by 25%.
OCA will increase their's in due course too.!
Forget the share price,look for those companies that have the capacity to pay increasing divies.I love them.!!..lol.
Liz Coutts part of the winning SKL team. Important to me, "Corporate Costs of $1.9 million, down 9% on pcp"
[QUOTE=winner69;747311]Liz Coutts part of the winning (?) OCA team. Important to me, "Corporate Costs up 14% on pcp"
Umm!!! Hello Mr. Winner could be room here for Liz to do a SKL but its a very classy Board who I am certain know how to get me a good return--increase sales, contain costs AND build confidence. This is why I'm in OCA quite substantially and I like it. To be ahead of bank deposit terms from the very start of a new company is terrific?
Approved Director Remuneration for 2018/2019
Board of Directors Chair $180,000
Member $90,000
Audit Committee Chair $20,000
Clinical and Health and Safety Committee Chair $15,000
Remuneration Committee Chair $7,500
FNZC saying likes of RYM, SUM etc need to be more transparent around their debt levels and leverage in general and should be stating exposure and impacts they have to declining property prices.
OCA have just under $600m of debt ($206m Bank / $283m from residents) and shareholder equity of $540m......with $804m of investment properties to back that up.
Maybe it’s good FNZC are raising this subject
Always good to have such things out in the open. On the other hand - real risks are minute. If I just take your numbers above - $206m bank loans secured by $804m of investment property ... How far would the property value need to drop to turn this into a problem?
Resident loans are pretty safe bet - unless you foresee all residents to pack their suitcases and leave all at once without any new residents moving in - yeah right ...
Obviously - if we assume property values in NZ peaked for the next 20 years or so (which is unlikely, but not impossible), than we will need to get used to living off the underlying earnings ... and forget about these nice bonus revaluation gains.
debt big worry, they need to be making a development margin on there property ( which is under pressure) to service the debt