OCA - Oceania Group - retirement villages

[Baa_Baa]

That is imo disingenuous redefining standard accounting practice of calculation of NTA. From page 35 on the 31 March 2023 Balance Sheet, Total Assets (=Assets minus Liabilities) was $962,260,000 / 724,154,779 shares on issue is $1.32 NTA per share. Today it's reported as $1.40 NTA per share (NZX).

People can by all means make up their own valuation formulae, but redefining standard accounting practice of calculating NTA isn't helpful.

[Daytr]

That is imo disingenuous redefining standard accounting practice of calculation of NTA. From page 35 on the 31 March 2023 Balance Sheet, Total Assets (=Assets minus Liabilities) was $962,260,000 / 724,154,779 shares on issue is $1.32 NTA per share. Today it's reported as $1.40 NTA per share (NZX).

People can by all means make up their own valuation formulae, but redefining standard accounting practice of calculating NTA isn't helpful.

Hi Baa_Baa, I'm not redefining anything.
Value is helpful, NTA with the accounting method used is not helpful as a form of value in this instance.
The market doesn't obviously value the accounting NTA and rightly so.