OCA - Oceania Group - retirement villages

[Waltzing]

Once again MR B has hit the bulls eye....

and our decision to stay under weight until the figures emerge are pleasing. At least 5 year hold has always been the plan with an incremental buy plan on performance matching the published plan.

Mr M is right he will enjoy the rewards along with Mr B.

[evilroyrule]

What do we make of the large off market trades in last few days?.from memory one for a million at 1,45 and another for 225k shares at 1.47. Volume ticking up

[Beagle]

Larger than normal volume on a rising share price is often a prelude to the shares breaking up into new territory. (Today's volume was about double the average).

[YoungBull]

Forsyth Barr update this morning.

[RTM]

Forsyth Barr update this morning.

.......and ?

[Shareguy]

Outperform at $1.65

[YoungBull]

$3.65...? I see an outperform rating of 1.65. Believe that OCA has reached an inflection point, assumes Q2 sales are strong but lower than Q1 due to a slowdown in “pent up demand”. EBITDA 32.3 1H21E. EBIT 24.5. Underlying profit 20.6. Positive report, looking to see care suite demand continuing to be strong and a small annuity earnings uplift.

[Nigel]

Half year result due Friday if I recall correctly.

[Beagle]

$3.65...? I see an outperform rating of 1.65. Believe that OCA has reached an inflection point, assumes Q2 sales are strong but lower than Q1 due to a slowdown in “pent up demand”. EBITDA 32.3 1H21E. EBIT 24.5. Underlying profit 20.6. Positive report, looking to see care suite demand continuing to be strong and a small annuity earnings uplift.

$20.6m underlying for the first 6 months and they are projecting $49.5m for FY21 (which is ten months), so they're expecting $28.9m for the 4 months to 31/3/21, (seems more than a little tilted to the second period which is only two thirds as long).
I read into this they are expecting new development unit deliveries and sales to be heavily weighted to the second period. Hope the market is not hugely disappointed if first half profit is lower than last year. Got to keep an eye on the long run plan.

[Mudfish]

Thanks to a mate finding this. It's a great 20 minute Youtube video that sums up what OCA is all about very well. Grab yourself a beer and watch the show. https://youtu.be/wkb_R9mC3vg