OCA - Oceania Group - retirement villages

[winner69]

Underlying profit forecast is 8.42 cps. At 99 cents this puts them on a forward, (soon to be trailing PE) of just 11.7.
Momentum building and they have a stellar reputation with late stage care. Hmmm. Question: What does a budgie say

PE of 12 might be about right considering the mix of earnings from day to care and building and selling things ...unlike SUM where essentially all earnings are from building and selling things

Whatever the announcement made puntersvremember OCA is still around and might generate some excitement ...hope so

[winner69]

Maybe nz punters in holding pattern awaiting to see the reaction on the ASX

[steveb]

Maybe nz punters in holding pattern awaiting to see the reaction on the ASX

Not much interest in Aus:-

Buyers	Buy Quantity	Prices
1	10,000	$0.800
1	10,000

Prices	Sell Quantity	Sellers
$0.925	40	2
$0.930	4,514	2
	4,554	4

[winner69]

This is more like it ....better growth than sum other companies

OCEANIA HEALTH ON TRACK TO LIFT ANNUAL EARNINGS AT LEAST 51%, MEETING IPO FORECAST



http://www.sharechat.co.nz/article/4...o-forecasthtml

[winner69]

Mind you the paragraph below from that sharechat report implies H2 growth in underlying profits v last year isn’t that great

H2 looks like being $31m v $24m last year ......only $7m or 30% after ‘nearly doubling it’ in the first half

Or did I calculate things wrong or just don’t get it

The Auckland-based company today said it's on track to meet the forecasts provided in its 2016 initial public offering document, implying underlying earnings will rise to at least $51.4 million in the year ending May 31 from the $34 million reported in 2017. Oceania more than doubled underlying earnings in the first half of the year to $19.9 million,

[winner69]

C’mon Forbar ....we need you to put out a glowing report and a BUY

[Ggcc]

“Once the 2018 results are announced, Oceania's escrow arrangements, which lock up 57 percent owned by Macquarie Group managed funds and senior managers' holdings, will be lifted.”

Guess that’s the only reason share price seems to be sluggish. People want to see what they intend to do

[Beagle]

This is more like it ....better growth than sum other companies

OCEANIA HEALTH ON TRACK TO LIFT ANNUAL EARNINGS AT LEAST 51%, MEETING IPO FORECAST



http://www.sharechat.co.nz/article/4...o-forecasthtml

LOL Early days my friend but yeah the first lap around the track is starting to look like a good solid effort and they certainly have a good strong runway of consented developments ahead. I think a PE of 11.75 is a bit cheap. Once they prove themselves up a bit 14-15 is on the cards when the market gets awareness their business model works nearly as well as SUM others and heck with maybe 13-14 cps in 2-3 years time and a PE of 15 that's $2 and double your money !

[Ggcc]

It seems some people are not happy with the companies results as every time 50,000 that get sold 50,000 new ones hop onto the sell side

[Maverick]

Just for fun I`m curious if anyone knows what might be the reason for such a tight trading pattern of 98-99 cents for the last 6 weeks? I am guessing that someone has instructed their broker to sell a truck load of these things at no less than .98 so that tethers the price down. Alternatively that works the other way too if there is a big buyer which will be holding the price up. Anyhooow.... its all just conspiracy stuff on a company that ultimately will live by its own performance. Any ideas?