OCA - Oceania Group - retirement villages

[Ggcc]

And OCA keeps getting cheaper…….. maybe wait a bit longer and people can buy at $1.40

I said it before and I’ll say it again

[RTM]

Mr B "6"

well., diversify and hold for the long term then.

Recently we sold AUS tourism only to have to buy back in 2 weeks ago as AUS market ignored delta...

And there is the lesson..The market is going to look through the virus as new modified vaccines and treatments arrive over the next 5 years.

NZ failed to do an expensive Dubrovnik and now it plan your own defense.

These retirement villages are sitting ducks until vaccines kill off transmission which they currently dont do 100 percent.

Yes...there is real risk in this sector...I am pleased to have halved my exposure a few months ago. But still hold a decent sized holding in SUM and OCA. The risks as I see it:
a) Covid 19. With the best will in the world...it will get into some of the villages.
b) Real Estate Prices....which could be impacted by a)
c) Regulatory Exposure....esp if Lab get a third term.
Probably others. Happy holder with reduced exposure and a nice profit reinvested elsewhere.

[Waltzing]

"houses they own are far too inadequate to house an elderly dependent relative."

yes and holding SUM of this sector is a good idea.

Its plan your own defence now..

The mood from an national editor in an email this morning said it all...they had realised the game was up..would have cost billions to keep it out and that would have needed to be invested last may 2021.

Europe will be open next July August in a big way if delta hasnt morphed again.

[justakiwi]

It may, but residents are significantly better protected from covid, than they would be living out in the community. Aged care providers take huge precautions, even when national levels are reduced. We are at Level 2 here in the South Island, but our rest home is operating somewhere between Level 2 and 3. Staff and visitors must wear masks at all times. Visitors are by appointment only, must sign in, use hand sanitiser, and can only visit in the resident's room. All but three of our residents are fully vaccinated. Any resident with cold symptoms is isolated to the room and must have a negative covid test before coming out. Staff with cold symptoms must stay home until they have had a negative test.

If I were an elderly person right now, I would feel far safer living in an OCA facility than in my own home or living with family.

Yes...there is real risk in this sector...I am pleased to have halved my exposure a few months ago. But still hold a decent sized holding in SUM and OCA. The risks as I see it:
a) Covid 19. With the best will in the world...it will get into some of the villages.
b) Real Estate Prices....which could be impacted by a)
c) Regulatory Exposure....esp if Lab get a third term.
Probably others. Happy holder with reduced exposure and a nice profit reinvested elsewhere.

[850man]

It may, but residents are significantly better protected from covid, than they would be living out in the community. Aged care providers take huge precautions, even when national levels are reduced. We are at Level 2 here in the South Island, but our rest home is operating somewhere between Level 2 and 3. Staff and visitors must wear masks at all times. Visitors are by appointment only, must sign in, use hand sanitiser, and can only visit in the resident's room. All but three of our residents are fully vaccinated. Any resident with cold symptoms is isolated to the room and must have a negative covid test before coming out. Staff with cold symptoms must stay home until they have had a negative test.

If I were an elderly person right now, I would feel far safer living in an OCA facility than in my own home or living with family.

Makes facilities like OCA all the more compelling for the elderly and let's face it, covid is well and truly here to stay for some years yet despite what we hear from the throne.

[maclir]

It may, but residents are significantly better protected from covid, than they would be living out in the community. Aged care providers take huge precautions, even when national levels are reduced. We are at Level 2 here in the South Island, but our rest home is operating somewhere between Level 2 and 3. Staff and visitors must wear masks at all times. Visitors are by appointment only, must sign in, use hand sanitiser, and can only visit in the resident's room. All but three of our residents are fully vaccinated. Any resident with cold symptoms is isolated to the room and must have a negative covid test before coming out. Staff with cold symptoms must stay home until they have had a negative test.

If I were an elderly person right now, I would feel far safer living in an OCA facility than in my own home or living with family.

Same with my mum here in Wellington.

[Rawz]

Sheesh OCA taking a hammering. I've been buying the dip as they say you should do.. however the dip keeps dipping!

Looking at the OCA chart ASB provides. Blue SP line looks to have dropped below Red 180MA line. My understanding is thats not good.

[BlackPeter]

Sheesh OCA taking a hammering. I've been buying the dip as they say you should do.. however the dip keeps dipping!

Looking at the OCA chart ASB provides. Blue SP line looks to have dropped below Red 180MA line. My understanding is thats not good.

Jeez - SP is still above MA200 and appears to even bounce back upwards. But of course it will (as any other stock) keep jittering with whatever the international markets do.

MA180 means little to most people, but whatever indicator you choose - you need to give markets a second (or minute, or hour, or day) to sort themselves out before you get jittery. They call this "confirmation of indicator". If you don't it is just the broker who makes the money ... same as in the casino - the bank wins always ;

No need to get excited - yet.

Still better - just imagine the SP in 10 years from now, smile and go for a walk ...

[Beau]

It may, but residents are significantly better protected from covid, than they would be living out in the community. Aged care providers take huge precautions, even when national levels are reduced. We are at Level 2 here in the South Island, but our rest home is operating somewhere between Level 2 and 3. Staff and visitors must wear masks at all times. Visitors are by appointment only, must sign in, use hand sanitiser, and can only visit in the resident's room. All but three of our residents are fully vaccinated. Any resident with cold symptoms is isolated to the room and must have a negative covid test before coming out. Staff with cold symptoms must stay home until they have had a negative test.

If I were an elderly person right now, I would feel far safer living in an OCA facility than in my own home or living with family.

Monday 04 October, 2021

Dear residents and family members,

One more week at Level 2 over and done with.

Let’s keep doing what we’ve been doing to support our friends in Auckland and the Waikato.

Thanks to everyone for following the rules, wearing those masks and keeping your distance – your hard work is paying off.

This week we’ve got some more great speakers lined up for you, with art, exercise and ancestry on the agenda.

Importantly, and in response to the ongoing presence of Delta in the community, we have made a change to visitation arrangements for our residents who are in care.

Please see the details below and contact your Village Manager if you have any questions or concerns.


Arrangements for non-vaccinated visitors to our care residents
At Alert Level 2, we have re-opened our village care centres for visit, but you would have noticed some extra precautionary measures.

As each week passes with the Delta variant in the community, we continue to actively look for ways to ensure we are keeping our residents safe. With this in mind, and out of an abundance of caution, we are now requiring anyone who is unvaccinated who wishes to visit their loved ones in our care centres to contact the Village Manager so a suitable COVID-safe visit can be arranged.

This will include:

• The visit occurring in a dedicated and separate space outside of the care centre
• Our team providing full PPE for the visitor to wear
• Shortened visits only, and
• Our team cleaning the visiting area between visits.

We also respectfully request that people do not bring in under 12s to the care centre until we start to see the number of vaccinations in the general population increase.

If you are visiting a resident in palliative care, we will work with you to allow this to happen. Once again, please talk to the Village Manager.

Please be aware that you may be asked for evidence of vaccination when making your entry declaration.

This is a high risk time for us while we wait for better vaccination rates in the community but we want to assure you that we will make every effort to provide a COVID-safe visit while we continue to look for ways to keep our residents safe.

Otherwise, for anyone who is vaccinated who wishes to visit a resident in care, the process remains unchanged. This includes having a temperature check and wearing a mask, with visits limited to two people at a time.

Visitors to our serviced apartment residents are also required to check in, have a temperature check and wear a mask.

This is because our serviced apartments are positioned close to our care centres and many serviced apartment residents receive care services from our team.

Rymans new COVID update / New requirements for non-vaccinated visitors.

[justakiwi]

Yep, safest place to be right now. That's an excellent letter. Very impressed.

Monday 04 October, 2021

Dear residents and family members,

One more week at Level 2 over and done with.

Let’s keep doing what we’ve been doing to support our friends in Auckland and the Waikato.

Thanks to everyone for following the rules, wearing those masks and keeping your distance – your hard work is paying off.

This week we’ve got some more great speakers lined up for you, with art, exercise and ancestry on the agenda.

Importantly, and in response to the ongoing presence of Delta in the community, we have made a change to visitation arrangements for our residents who are in care.

Please see the details below and contact your Village Manager if you have any questions or concerns.


Arrangements for non-vaccinated visitors to our care residents
At Alert Level 2, we have re-opened our village care centres for visit, but you would have noticed some extra precautionary measures.

As each week passes with the Delta variant in the community, we continue to actively look for ways to ensure we are keeping our residents safe. With this in mind, and out of an abundance of caution, we are now requiring anyone who is unvaccinated who wishes to visit their loved ones in our care centres to contact the Village Manager so a suitable COVID-safe visit can be arranged.

This will include:

• The visit occurring in a dedicated and separate space outside of the care centre
• Our team providing full PPE for the visitor to wear
• Shortened visits only, and
• Our team cleaning the visiting area between visits.

We also respectfully request that people do not bring in under 12s to the care centre until we start to see the number of vaccinations in the general population increase.

If you are visiting a resident in palliative care, we will work with you to allow this to happen. Once again, please talk to the Village Manager.

Please be aware that you may be asked for evidence of vaccination when making your entry declaration.

This is a high risk time for us while we wait for better vaccination rates in the community but we want to assure you that we will make every effort to provide a COVID-safe visit while we continue to look for ways to keep our residents safe.

Otherwise, for anyone who is vaccinated who wishes to visit a resident in care, the process remains unchanged. This includes having a temperature check and wearing a mask, with visits limited to two people at a time.

Visitors to our serviced apartment residents are also required to check in, have a temperature check and wear a mask.

This is because our serviced apartments are positioned close to our care centres and many serviced apartment residents receive care services from our team.

Rymans new COVID update / New requirements for non-vaccinated visitors.