Another reduced dividend.
Printable View
Another reduced dividend.
Results out...... see here.
Winner is the winner of the predictions!
Oceania Healthcare, Aged Care and Retirement Village Operator and Developer, announced today an unaudited half year underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $35.4 million for the six months ended 30 November 2020, a 2.0% ($0.7m) increase compared to the prior corresponding period (pcp).
You have to wonder about the Oceania business model
Again - sell heaps more units and make less (or stuff all more)
I obviously just don't get
Beat forsyth's forecasts on virtually all fronts except the dividend... yesterday was the last day OCA will ever be below $1.50 some say. Could have borrowed more to pay a higher dividend, but nice to see net debt actually decreased.
Good to see it's in the top range of predictions at 35.4 million. Was it their plan all along? Reduce dividend after installing DRIP?
Sales volumes up 44% but underlying earnings down 6% -- what the heck
I'm told underlying earnings is the best measure of how operations are actually going
Intuitively selling heaps more and making less doesn't seem right
to clear things up - my prediction was miles out - hopelessly out
I said $35m underlying earnings - it came in at $23.3m (6% lower than last year) --- big miss eh
No wonder they headlined Underlying EBITDA - at least that was up 2% on pcp (even though they sold heaps more units)
mmmm something doesnt add up.