Retirement village operators

[youngatheart]

Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950

"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."

Let's hope it never happens here.

[bull....]

Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950

"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."

Let's hope it never happens here.

yep one of the highest risk investments at the moment. any ryman , summerset, arvida , ocenia caught in a lockdown senario could easliy be toast as far as business goes

[Blue Skies]

Oh dear, with stories like this in the herald it's to see any hope soon.... https://www.nzherald.co.nz/world/new...ectid=12317950

"Along with cruise ships, nursing homes have emerged as a focus of heightened concern in the global pandemic. At least 30 of Washington state's more than 50 deaths have been linked to one nursing home. Most of the dead were residents."

Let's hope it never happens here.

I think there is a significant difference between US Nursing Homes and our Retirement Villages.

[fish]

yep one of the highest risk investments at the moment. any ryman , summerset, arvida , ocenia caught in a lockdown senario could easliy be toast as far as business goes

no way will it happen here unlee resthome operators are very ignorant and you live in a country that called covid -19 a hoax and failed to isolate.

you have to let the virus in.
Then neglect its spread

[bull....]

no way will it happen here unlee resthome operators are very ignorant and you live in a country that called covid -19 a hoax and failed to isolate.

you have to let the virus in.
Then neglect its spread

but how do you stop a perfectly healthy looking person going in who is a carrier. it is proven these people are carriers

[bull....]

another risk for these operators on top of the virus

Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists

House prices fell by about 10% through the GFC in 2008

https://www.goodreturns.co.nz/articl...onths-asb.html


there goes there development margins

[fish]

another risk for these operators on top of the virus

Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists

House prices fell by about 10% through the GFC in 2008

https://www.goodreturns.co.nz/articl...onths-asb.html


there goes there development margins

Their development margins are high and may well be reduced but I suspect profits will be made.
This is different to the GFC.Kiwis returning home may put pressure on house prices.
We will keep on getting old and demand for retirement villages/ resthome places may increase.
A retirement village may be the safest place to be atm

[trader_jackson]

another risk for these operators on top of the virus

Property prices will fall for the next six months, with house price inflation slowing to 0% by next March, according to ASB economists

House prices fell by about 10% through the GFC in 2008

https://www.goodreturns.co.nz/articl...onths-asb.html


there goes there development margins

And yet with OCA, within 1 month, it is now at a over 40% discount to NTA... are house prices going to drop by 40%?
OCA Development margins are well higher than 10% as well...

[fish]

Coronavirus: 43,000 NZ retirement village residents 'at high risk at infection' - analysts

Retirement chiefs are meeting tomorrow to discuss a co-ordinated approach to the threat

https://www.nzherald.co.nz/business/...ectid=12316900


businesses will be toast if virus gets bad , probably why they meeting

A great idea to have a meeting and formulate a plan
Hopefully Isolation and screen all staff

[bull....]

And yet with OCA, within 1 month, it is now at a over 40% discount to NTA... are house prices going to drop by 40%?
OCA Development margins are well higher than 10% as well...

think your find at next results nta has dropped