Well, that's not like you, isn't it? A real bull would predict a bullish $1.03 double bottom .... :p
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SUM technical's looking great, OCA very sad...like one's dog dying.
calls for a higher staffing levels
https://www.stuff.co.nz/national/hea...-making-a-fuss
i imagine after the royal commission in aus reccommends this nz will follow at some stage. higher costs coming one day as care becomes a social cost thing not a money thing
I guess it just depends on the timeframe you are looking at ... and hey - we are investors, aren't we?
Just looked at the trendcharts of SUM (blue line) and OCA (orange line) since Oceanias listing - and anybody buying at that stage OCA would still be 7.5% better off than holding SUM (and this is not even considering Oceanias premium dividends). So, maybe SUM just playing catchup.
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One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
I do.
PS:
Just read your post in the TRA thread ... I didn't realise you mean the "dying dog" literally. Very sorry for your loss - I do know how it feels to lose a beloved pet ...
I think that's only going to help highly reputable companies like OCA as it takes out some of the truely awful low cost low care operators in this sector.
I remember an elderly relative whose health collapsed being put into a dreadful place with disinterested overworked staff as it was all that was available , & we couldn't wait to move him.
I've done plenty of homework on this company and from that I have built a rock solid belief in their model and execution . But .....this relentless, seemingly endless selling to the point of barely a few buyers left is getting tiresome. Personally , I won't be selling one share but I do feel for those out there on this downhill ride who don't have the same confidence in this company.
Nurses unions launch campaign calling for greater staffing numbers at aged care facilities
"The report contains the views of 1194 staff across the country, including registered nurses, enrolled nurses, caregivers and facility and clinical managers.
Around 73 per cent of those surveyed felt staff numbers at their care facility wasn’t high enough to provide quality care for residents.
Around 85 per cent of those surveyed said it is difficult or very difficult to get extra staff when residents need more care."
I agree with this having seen only one staff member doing lunch for all the inhabitants at a care house, many who needed help getting to the table.
Cost pressure threats there.
directors buying again , they really want that 1.04 level too hold too lol