NAV is $1.01. Keeping powder dry and letting the bear market do its thing for the present time. Broke down through 100 day moving average this week. Macquarie timed their exit to perfection, yet again.
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NAV is $1.01. Keeping powder dry and letting the bear market do its thing for the present time. Broke down through 100 day moving average this week. Macquarie timed their exit to perfection, yet again.
Simply, directors bought in at 1:20 as soon as they were allowed to after half year results were out. They clearly back their own product and believe things are on track. This is a long term share and present market conditions are poviding a great chance to pick up OCA at a fantastic price. How low it goes, is anyone's guess but if you believe in the long term and can stomach the possibility of being in the red in the short term this is a screaming buy. I topped up on Friday. Now I sit back and watch the show.
Lol $1.05, put an order on too late, didnt stay at that price too long, looking for the revisit.
https://www.rnz.co.nz/news/national/...re-ignoring-us
My concern for OCA in particular (with their higher proportion of very close living care facilities), is if one or more of their facilities is affected, how quickly will it spreads to other residents living in such close proximity and will staff turn up to work if they're not provided with proper protective equipment, or even if they are ?
One cannot overlook the risk that a retirement operator that specialises in late stage care where people live in very close proximity to one another is more vulnerable in the event of an outbreak. On the other hand villages where people live independently in stand alone single level units, are probably relatively safer if they go into lockdown.
Ordinarily I would thinking buying a few cents above NTA is probably a very good move but these are extraordinary times.
Be careful here Beagle-I was thinking of buying more yesterday.
Morning coffee time we had a visit from a big resthome owner.
First thing he did was shake my hands.Then he rubbed his face.
I started telling him about corvid-19.
His ignorance on cross-infection was astonishing.
He rubbed his face more and more as his discomfort increased
I made my exit with an emphasis on rubbing my hands with a lot of hand sanitiser as he looked gob-smacked when I told him he had no idea where my hands had been!
Sometimes making people uncomfortable is needed to effect change.
Good on you mate for doing your best to raise awareness. This issue of shaking hands is an extremely difficult social issue now. When someone extends their hand to you to shake it, normal protocol is to shake their hand. Its quite frankly extremely awkward to do anything else... but its up to highly intelligent folks on here like you, I and others to make people aware of the risks.
If your profession that conversation could flow quite easily as part of normal healthcare advice but like what happened to me on Sunday at Church, heaps of your friends and acquittance's greet each other in the customary way. I made the very conscious decision not to touch my face, but you have to be very conscious of maintaining one's vigilance in that regard as habits are difficult to break and I ended up washing my hands 4 times in the time I was there but I am certain others were not taking such precautions.
How soon before all doctors and their staff have to start wearing masks all day to protect themselves and are there enough to go around ? How do your support staff feel at present, really nervous ? How many people out there are asymptomatic already and spreading this around ?
Sheeting this back to OCA- They have an excellent reputation with care and I know most workers in their facilities are not into it for the money, most are really dedicated caring people but if those nurses and caregivers are not provided with first rate protective equipment...who could blame them for putting their health and their families health first ? Will caregiver staff retention become a really major issue going forward ? Will all late stage care service provider facilities have adequate supplies of full hazmat suits, masks, gloves, googles e.t.c. ?
From a conceptual perspective, Contrast OCA's intense care provision risks with say a "theoretical" retirement village with all single stand alone independent living units. The latter village goes into lockdown and a local supermarket does regular food package deliveries to everyone's door. I think the contrast in risk is quite stark.
Absolutely nothing usefufrom DHB/public health.
We have 5 n-95masks for 40 staff.
DHB has said our standard surgical mask is sufficient !
We our not prepared and no one will speak out,-muzzled by dhb/pho.
No testing for suspected community spread
I am officially retiring from my partnership at end month(I gave notice 9 months ago) but will keep my registration as I am not retiring but have numerous options
Fair enough, you were retiring anyway, a long time before anyone knew about this virus so nobody can say you are running away from the problem. Honestly it has crossed my mind to retire early too but I have been semi retired for years anyway, (in case anyone was wondering with the prolific nature of my posting on here lol) and can do most of my work through electronic means.
So is the contrast in the individuals’ level of physical ability, health status, need for intervention and need for individual/personal care. They are in the rest home/hospital care environment for a reason. So yes, perhaps this increases their risk - who knows. But what alternative is there for these people?
As I said, all we can do is our best.