OCA - Oceania Group - retirement villages

[Toddy]

I have been watching them build Sum St John's over the last few years as my boys go to Sacred Heart College so we drive past.

It's one impressive build.

OCA at the current price represents great value. But I have no cash left to invest. If I did I would be buying up around 20 stocks on the NZX.

And the wife tells me I need to reduce the farm debt. Hands are tied apart from recycling my current portfolio. Which I'm currently getting very bored with!.

[Balance]

Balance me ol mate …..If they did that they might get a fright …but wouldn’t be surprised as it would spoil the party as the saying goes.

I demonstrated what happens to DMF not that long ago and got told no no you just don’t get it etc etc

Haha - hardly surprising! In the land of OCA believers, the one-eyed man is king!

Yes, the way that OCA books the 30% DMF (as per the 2019 presentation) is very revealing of why the company is in the state that it finds itself today - as in having to stop paying dividends, sell assets and slow down developments.

W69, the day that sales stop growing, the operating losses start growing?

[SailorRob]

Haha - hardly surprising! In the land of OCA believers, the one-eyed man is king!

Yes, the way that OCA books the 30% DMF (as per the 2019 presentation) is very revealing of why the company is in the state that it finds itself today - as in having to stop paying dividends, sell assets and slow down developments.

W69, the day that sales stop growing, the operating losses start growing?

Doesn't matter how they 'book' it.

It's how and when they receive it in cash that matters.

[winner69]

Sales, sales and even more sales is the message

Property market activity still on up …annual volume sales up 17% from a year ago

Not that far to go to get back to more normal levels

Updated this for Mav