Retirement village operators

[allfromacell]

I have heard one RV in the Waikato have had 20% of their residents pass away in the last year.
Sounds high.
How are the other RV fairing?
What effect would this have on demand?

OCA had this to say on the 23rd of June.

"Dr Frances Hughes, our clinical lead, was at the forefront of protecting the wellbeing of our residents during the COVID-19 pandemic. It is pleasing to report, despite having over 2,579 aged care residents, we have not had a single death from COVID at any of our 44 sites."

[winner69]

This weeks update - average up for 2 weeks in a row ... and looking good v 26 weeks low

[Rawz]

This weeks update - average up for 2 weeks in a row ... and looking good v 26 weeks low

That’s why you always buy the dip and never sell

[winner69]

That’s why you always buy the dip and never sell

Good advice ..... but buying he 'winners' when you do that is even better

[alokdhir]

Good advice ..... but buying he 'winners' when you do that is even better

Your advise I always follow ....SUM is the best ...KFL says so

[winner69]

how these stocks went this week

if we shut our eyes to Radius we could say the sector outperformed the NZX50

[Old mate]

OCA the weekly winner

[winner69]

This weeks update - sector average +3% in flat market

RYM only laggard

[Dotbond]

https://i.stuff.co.nz/business/12955...-at-parliament

[Baa_Baa]

https://i.stuff.co.nz/business/12955...-at-parliament

This is not really new news per se, the 'Framework for Fairness' was published in November 2021 and clearly outlines the proposals ("best practice guidelines") of the RVRNZ (Retirement Village Residents Association of NZ). The article posted in Stuff news aggrandises the Parliament’s Social Services and Committee select committee meeting through the game the RVRNZ have created to communicate the circumstances some RV residents experience. One would expect their 'game' to highlight adverse outcomes of bad actor RV contracts. But some listed RV's are complicit in some of those adverse outcomes.

I think long term investors in listed RV's should make themselves aware of all the proposals and determine whether they think any of them will have a material impact on their investment. IMO some of the medium to smaller non-listed RV's are likely to be the most disadvantaged, they are the most affected because they also have the most variability in their contracts. The larger and listed RV's have less variability in their contracts, and more resilience to what amounts to cash flow and cash on hand impacts.