OCA - Oceania Group - retirement villages

[Snow Leopard]

Oh no, it’s the evil manipulator insto’s holders pumping up the SP to benefit their underwriting the inevitable “deeply discounted” cap raise because OCA is in balance sheet hell with crippling debt they can’t possibly service, buggered cash flow, endless properties they can’t sell, divesting losers too slowly, stupidly continuing developments, buying new property at inflated prices, fudging comms to shareholders.

Did I miss anything? We’re doomed, doomed I tell ya!

Yeh, that sums it up quiet nicely.

Or, it really needs some PE outfit to come along with a 70c bid to put the long suffering and deluded shareholders out of their misery.

OCA is the new MET.

[Baa_Baa]

Yeh, that sums it up quiet nicely.

Or, it really needs some PE outfit to come along with a 70c bid to put the long suffering and deluded shareholders out of their misery.

OCA is the new MET.

Brilliant, I'm sure all the the long suffering and deluded, even doomed, shareholders would leap at a 9% premium buyout to current SP for their shares that are trading at 55% discount to NTA.

[Habits]

It is tough when the vast majority of your assets are sunk in your home. As they are for so many Kiwis.

Of all the older people I've known, those without a house generally have NO assets at all. Owning a house has at least given something to sell

[Bjauck]

Of all the older people I've known, those without a house generally have NO assets at all. Owning a house has at least given something to sell

Sure. However, they have no diversification of assets, and no other assets to fall back on, such as in this case. Hopefully as KiwiSaver matures, it may mean there is more diversification, for more people.