well this little puppy seems to be losing its appeal quickly......
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well this little puppy seems to be losing its appeal quickly......
RYM currently $10.30 with OCA at $1.03
OCA about right at this price
And Ggcc OCA isn’t a dog .....
Seems like a good opportunity to top up if one thinks next weeks results are going to be smashing :)
Benjamin Graham's greatest advice
"is that the investor should not regard the whims of Mr. Market as a determining factor in the value of the shares the investor owns. He should profit from market folly rather than participate in it. The investor is advised to concentrate on the real life performance of his companies and receiving dividends, rather than be too concerned with Mr. Market's often irrational behavior."
$1.03 is irrational ----super assets, super staff, super outlook, super managers (so far), the prospect of a very super profit and a bank of golden income stream called Aged Care!! Buy Buy Buy for all your worth said Mr Graham when and only when you have determined the value !.
Hello Winner69. I was not actually being enthusiastic, rather just trying to apply Ben Graham logic although he did use intricate mathematical models whereas I look at fundamentals. (quality assets, quality cash flow, quality good name, top quality staff, quality dividends and growth. (The Tidal wave is coming and that cannot be argued)
Now to answer you --when the OCA mangers have built their business to such an extent that that building is reflected by Mr Market placing a $10 value on each share and there has been no evidence of thieving or payment excesses and( as Mr Maersk famously said "every step has been taken to avoid any disaster befalling our company") then I will remove the "so far"
Kind regards Warren b.
Oceania has a pipeline of 1,708 units and care suites of which 63 percent or 1,072 are currently consented, he said. It has a portfolio of 50 sites and while Gasparich said that it had sufficient land for the next seven years of development in New Zealand "Australia would certainly be on our horizon in the longer term."
from thier last announcement..
Managed to hoover up some more at $1.02 today, happy with that.
Hey mate, after reading through this thread I noticed that around the period when OCA listed you were reasonably critical of Oceania's management saying that they needed to cut back on how much money was being spent at the top end on the bigwigs' salaries etc. I also noticed that you seemed to think that it would be difficult for OCA to perform as well as some of the other retirement village operators due to their care focused model. You said it would be difficult for them to get their wages to revenue ratio in order because of this model and that achieving 40% growth in FY18 was unlikely to happen because of this.
I see you are now invested and expecting OCA to do well, so I'm just trying to get some insight into the changes that may have occurred within the company for you to change your view. I realise you have industry knowledge so any info you could share could be pretty helpful :)