That is not good!! Oceania is my largest holding and I hope they will look after those residents. I invest not only for profit, but ethical reasons. I hope your mother in law is still enjoying her stay
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How hard is it. 50 residents = 50 meals. 2 bits of bread = 100 bits for lunch. Not finding something to put in 2 bits of bread doesnt say much about the cooks abilities.
(Couta - it may be the residents doesnt miss a meal (of course they wont - they may miss the routine) but if there is a contract to provide three meals a day then that is the minimum service expectation which should be delivered on)
Notwithstanding the extreme over-valuations of Ryman and Summerset, it has been concerns over the residential property market that has investors in the retirement sector worried," Brown said.
maybe people switching to arv / oca ?
https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12190600
[QUOTE=Beagle;743897]https://www.investopedia.com/terms/c...merstaples.asp
"Consumer staples are essential products, such as food, beverages, tobacco and household items. Consumer staples are goods that people are unable or unwilling to cut out of their budgets regardless of their financial situation. Consumer staples are considered to be non-cyclical, meaning that they are always in demand, no matter how well the economy is performing. People tend to demand consumer staples at a relatively constant level, regardless of their price".
The S & P NZ Consumer Staple Index includes the following 17 NZ companies.I have included their weighting.[as of today]
ATM...73.15%
SML...6.19%
SCL...4.47%
FSF...4.22%
SAN...3.80%
DGL....2.61%
PGW....1.55%
CVT.....1.43%
NZK.....1.09%
GXH.....0.49%
FWL......0.38%
TGG......0.17%
MOA.....0.13%
ALF......0.06%
SEA......0.06%
PIL........0.01%.
What we learn is two fold.
a} what a consumer staple is,as it is referred to on sharemarkets..
b} A2 milk makes up 73.15 % of the index.
Correction Percy. What we learn is how S&P went about making up an index on the NZX
Fact is there are very few companies on the NZX that produce true consumer staples, (staples are basic consumer goods that people are unable or unwilling to cut out of their budgets regardless of their financial situation). The absurdness of this particular index that S&P have constructed on the NZX is exemplified by not only the ludicrous weighting of ATM, which will purely be a function of its market capitalization, (not the extent to which consumer use the product relative to other index constituents) and that the vast majority of consumers would never even have heard of A2 milk let alone consider it an essential item, whereas there wouldn't be a single motorist on the road who is not aware of the essential need of fuel, (other than those who choose otherwise by using electricity).
Consider this, how much petrol would the average consumer buy per week ? How much A2 Milk would the average consumer buy per week taking into account most consumers have never heard of A2 milk ? EVF's make up less than 1% of the national fleet so which is an absolute consumer staple with no substitute, fuel or A2 milk ?
If you can't see it so be it...lets just agree to disagree.