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  1. #19661
    Legend Balance's Avatar
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    Quote Originally Posted by Bjauck View Post
    Funding squeeze and lack of staff at fault? His poor wife must have been in hell trying to help him when he was in “respite” care.
    Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

    One too many issues with Oceania's care of the elderly.

    Goes back to how and why Oceania was set up in the first place?

    Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.

  2. #19662
    Membaa
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    Quote Originally Posted by Balance View Post
    Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

    One too many issues with Oceania's care of the elderly.

    Goes back to how and why Oceania was set up in the first place?

    Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.
    2019 incident.

    "The results confirm that this was an independent incident and not a reflection of the wider culture."

    Macquarie exited 2021 (if I recall correctly). The whole business has new strategy and business model since.

    This should have no effect on the market. Market is forward looking, not backwards 5 years

  3. #19663
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    Quote Originally Posted by Baa_Baa View Post
    2019 incident.

    "The results confirm that this was an independent incident and not a reflection of the wider culture."

    Macquarie exited 2021 (if I recall correctly). The whole business has new strategy and business model since.

    This should have no effect on the market. Market is forward looking, not backwards 5 years
    Fair enough but how confident can children be about putting their parents into OCA's RV and care units?

    https://www.rnz.co.nz/news/national/...its-rest-homes

    https://www.nzherald.co.nz/waikato-n...JEOHGJTLUWH6I/

  4. #19664
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Balance View Post
    Market certainly not happy with the revelation - sp under pressure again with bid side looking very thin. Could test previous low of 56c if the sp cannot hold 59c (index selldown).

    One too many issues with Oceania's care of the elderly.

    Goes back to how and why Oceania was set up in the first place?

    Oceania was put together by Macquarie in line with their strategy of aggregating businesses and assets, to flick onto the market for a profit. There's no real vision or underlying philosophy behind the company - a lot of corporate speak & jargon with one single aim - exit for a profit.
    Its not the kind of PR you want in a sales slowdown. might make things even worse capital raising might be back on the table then
    one step ahead of the herd

  5. #19665
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    Quote Originally Posted by Balance View Post
    Fair enough but how confident can children be about putting their parents into OCA's RV and care units?

    https://www.rnz.co.nz/news/national/...its-rest-homes

    https://www.nzherald.co.nz/waikato-n...JEOHGJTLUWH6I/
    All of the RV's have isolated incidents from time to time, it is inevitable. This is not exclusive to OCA by any means.

  6. #19666
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    Quote Originally Posted by Baa_Baa View Post
    All of the RV's have isolated incidents from time to time, it is inevitable. This is not exclusive to OCA by any means.
    Agreed but OCA seems to hog the headlines compared to the other listed RV players? Not good for sales surely!

  7. #19667
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    Quote Originally Posted by Balance View Post
    Agreed but OCA seems to hog the headlines compared to the other listed RV players? Not good for sales surely!
    Very slanted article. The elderley man had so many advanced health issues. He was in hospital for two weeks before he died. Did they blame the hospital? Perhaps Oceania should not take in such patients. They probably should have gone to hospice for respite care. Nevertheless my sympathies go out to the family. But now as he was a very sick man, and in the care of anyone else would probably have died, market cap has dropped by over 20 mill. Just where does that make sense from an isolated incident.

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