Not religious but, Amen on those thoughts!!
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I've been buying as much as I can afford in the last few weeks in the 90's. I see this as a realistic 50% + return in 12 months
\I note OCA has 1443 care units in the pipeline. That is a very big cash flow stream of possibly close to $450 mill.I am not certain of prices of these suites outside AK and ,of course, this will take some years. (indeed hopefully the growth in care of all types will long outlast me!). With OCA's super record and ability to care for the unwell, infirm etc the suites will, of course, bring ever increasing care and hospital type work, need ever increasing staff and will generate income. Managed carefully, accounting for every dollar, free of thieves(which have plagued my investment history both in my business life and in NZ public companies), developing 1st class staff in every area. I fully accept OCA has competition and good competition too---- so much the better to learn,aim high and deliver. And having Liz leading OCA is worth another bill.
OCA has "Stable revenue from “needs-based”care service which underpins our dividend payments with Regular “annuity-like” DMF earnings from the village activities" taken straight from Macquarie Conference Investor Presentation
Doesn't "Annuity" mean an inflation adjusted pension income!!!
I'm going out to buy some more.
Looking ahead to FY19 I have these on a dividend yield of 5.5% based on 5.5 cps, the mid point of their payout range 50 - 60% on underlying earnings of 10 cps. (No imputation credits at this stage but there could be later which would be a good bonus on top of that 5.5%). Paid pretty well to enjoy seeing your capital grow.
Lower risk than some of the others in the sector too due to more care based business and a much higher percentage of future developments already having resource consent.
Forward PE only about 10. Once they prove up their business model and we get rid of the private equity overhang this once could fly !
Some big numbers and back to the 99-100
warren bought them all :t_up:
anyway, lets see if that clears the current overhang out or not
Agree fully that Mr market awaits news on the Macquarie holding of course. But I personally have no worries. 1 Billion assets in good stuff ? Highly profitable in its 1st year with much growth ahead and good people, very good people in place.
I see that Xero is, after 10 years, possibly on the way to posting a small dividend.
"Having accumulated $334.8 million of losses over the past decade, Xero posted its first positive earnings before interest, tax, depreciation and amortisation of $26 million in the year on a 38 percent gain in operating revenue to $397.7 million and a 34 percent gain in subscriber numbers to 1.39 million".
Not for me folks.
What's up with the sudden surge in volume on both OCA and ARV?
A rising tide raises all boats? Or whatever the saying is? 2 birds in the bed are better than none is my favorite one thou I'm not sure that's the right use either?
The XRO story is awesome, I have a lot of respect for long term holders and those that made heaps from buying early and selling near the top(Whoops, that should be double top) Who knows where the price will be in a few years? Whilst a share like OCA is a good solid buy, it will never return to IPO buyers anything like what XRO has.
They are in escrow until after the results are announced I believe, in May 18. Oh, thats soon.
so has an insto cleared the decks in anticipation of Maccaquacca selling down immediately? Can't see it, they'll do a trade deal(s)
So it'll be next Monday night then :eek2: