OCA - Oceania Group - retirement villages

[bull....]

We live in interesting times.
I think tomorrow will be very interesting for retirement sector investors.

yes considering infratil just sold out of metlife care i read so they must believe its the top of the cycle?

[percy]

yes considering infratil just sold out of metlife care i read so they must believe its the top of the cycle?

I can only guess,it is not the sector,but the company, as they are still very much involved in this sector in Aussie.
Maybe they want to takeover Oceania,or ARV???
$239.4mil to go shopping with...lol.
So if Oceania float goes ahead I would expect it will be at the lower end.

[trader_jackson]

I can only guess,it is not the sector,but the company, as they are still very much involved in this sector in Aussie.
Maybe they want to takeover Oceania,or ARV???
$239.4mil to go shopping with...lol.
So if Oceania float goes ahead I would expect it will be at the lower end.

Getting out before all the old villages and leaky building claims mount up maybe? or maybe they have concerns regarding MET's high exposure to Auckland, and Auckland's slowing prices?

"Brokers are pitching to sell down listed infrastructure manager Infratil's stake in New Zealand's Metlifecare. Sources told Street Talk at least three brokers were in the market seeking buyers for the 20 per cent stake, which is worth about $NZ250 million. A deal is expected at $NZ5.60 to $NZ5.64 a share. The stock finished trading at $NZ6.07 a share on Thursday. Read more: http://www.afr.com/street-talk/broke...#ixzz4dSnLu0uF Follow us: @FinancialReview on Twitter | financialreview on Facebook"

[percy]

Getting out before all the old villages and leaky building claims mount up maybe? or maybe they have concerns regarding MET's high exposure to Auckland, and Auckland's slowing prices?

"Brokers are pitching to sell down listed infrastructure manager Infratil's stake in New Zealand's Metlifecare. Sources told Street Talk at least three brokers were in the market seeking buyers for the 20 per cent stake, which is worth about $NZ250 million. A deal is expected at $NZ5.60 to $NZ5.64 a share. The stock finished trading at $NZ6.07 a share on Thursday. Read more: http://www.afr.com/street-talk/broke...#ixzz4dSnLu0uF Follow us: @FinancialReview on Twitter | financialreview on Facebook"

You are most probably right about the leaky buildings etc,however I am guessing they have not had the "influence" they wanted.

[bull....]

I can only guess,it is not the sector,but the company, as they are still very much involved in this sector in Aussie.
Maybe they want to takeover Oceania,or ARV???
$239.4mil to go shopping with...lol.
So if Oceania float goes ahead I would expect it will be at the lower end.

Maybe they think the property market has peaked? r
Retirement village profits are highly dependant on a rising property market.

[percy]

Maybe they think the property market has peaked? r
Retirement village profits are highly dependant on a rising property market.

Not so.
Read SUM's annual report.
They have been through three property cycles over the past twenty years,WITHOUT any effect on demand..
RYM say the same.

[Lewylewylewy]

Not so.
Read SUM's annual report.
They have been through three property cycles over the past twenty years,WITHOUT any effect on demand..
RYM say the same.

But what about effect on profit?

[percy]

but what about effect on profit?

none.!!!.........................

[bull....]

Not so.
Read SUM's annual report.
They have been through three property cycles over the past twenty years,WITHOUT any effect on demand..
RYM say the same.

I think the issue is if the property market has peaked ( if this is the reason ift sold met) then unit values may fall? brought in the last yr at 600k market falls to 500k who wears the loss?
Is it rym,sum etc or is it the resident.

[percy]

I think the issue is if the property market has peaked ( if this is the reason ift sold met) then unit values may fall? brought in the last yr at 600k market falls to 500k who wears the loss?
Is it rym,sum etc or is it the resident.

Rym and Sum make a development profit, and profit on resales, no matter what the property market does..