OCA - Oceania Group - retirement villages

[cymonger]

Opinion of a broker equals rubbish bin material.

I always loved this little sequence from "The Wolf of Wall Street"

Mark Hanna : Number one rule of Wall Street. Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles.

• Mark Hanna : The name of the game, moving the money from the client's pocket to your pocket.
  Jordan Belfort : But if you can make your clients money at the same time it's advantageous to everyone, correct?
  Mark Hanna : NOOOOOOOOO!!!!!!!!!!!!
  

[Beagle]

Probably a good time to reiterate that the average analyst has a 12 month price target of $1.65 https://www.marketscreener.com/quote...268/consensus/ Obviously that's taking into account all known information recently released.

Just a thought. Is the fact that about 75% of the future projects OCA are to embark upon in the future are already fully consented an asset that's undervalued on their balance sheet ?
Firstly, consider that costs for consenting of projects are rising fast https://www.stuff.co.nz/business/ind...+December+2021
and secondly that getting development consent now is getting more and more difficult as pressure groups, environmental factors, Iwi and other interested parties become ever more forceful with their objections.

Looking through the current malaise caused by Covid I suspect that the real value of the consents OCA holds over most of its future projects is not something being recognized by the market. Anything under stated NAV as at 30 September of $1.34 has to be good long term buying, surely !

Disc: Sticking with a pretty moderate stake for the foreseeable future but if people want to throw them away at under $1.30 again at some point in the future I might step up to the plate for some more.

[thegreatestben]

My feelings around future projects is that until they are finished they aren't worth much! The upshot of that is we'll be golden once they are done but it requires patience.

[Sideshow Bob]

I understand yesterday was the last day of the calculation for the DRP price, does anyone know roughly what the price will be, either with or without the 2.5% discount. It's not super important in the big scheme of things but interested to know roughly how many shares I'll get.

Ask and thou shalt receive - I'm happy to get a few extra at that price.

DRP Strike Price for Interim Dividend - NZX, New Zealand’s Exchange

DIVIDEND REINVESTMENT PLAN STRIKE PRICE FOR 2022 INTERIM DIVIDEND

Oceania Healthcare Limited (OCA) advises that the strike price for the Dividend Reinvestment Plan (DRP) operating in respect of the dividend payable on 20 December 2021 has been set at NZ$1.2837 per share.

This strike price will apply in calculating the number of shares to be issued to participants who have elected to receive additional shares rather than cash.

The strike price has been determined, in accordance with the DRP, as the volume weighted average sale price in New Zealand dollars for Oceania Healthcare shares, calculated on all trades of Oceania Healthcare shares which took place through the NZX Main Board over the period of five trading days starting on 3 December 2021, less a 2.5% discount.

Shareholders who have elected to participate in the DRP will receive shares instead of cash in respect of the dividend payable on 20 December 2021.
The new shares will rank pari passu with existing shares on issue as at the date of their issue.

ENDS

[iceman]

I understand yesterday was the last day of the calculation for the DRP price, does anyone know roughly what the price will be, either with or without the 2.5% discount. It's not super important in the big scheme of things but interested to know roughly how many shares I'll get.

$1.2837 per share

[dreamcatcher]

Overall sales rate declining since Oct will probably affect these RV builders with staff/wage inflation headwinds just starting

https://www.interest.co.nz/property/...tions-drops-43



Disc:hold not adding

[Shareguy]

Opinion of a broker equals rubbish bin material.

I tend to make my own decisions taking into account all views and my own research. I find that brokers and analysts are good to gain information. Like everyone though sometimes they are dead wrong as mine was with Rakon and Steel and Tube . My own broker however has got me into some serious money and opportunities, so for me he is worth his weight in gold.

[Beagle]

Ouch that's a really sad and concerning account. https://www.nzherald.co.nz/nz/no-end...N6XNT37DLXMSY/
Makes a care suite look like a VERY attractive option.

[mike2020]

What I see in Canterbury must be very different to other parts of NZ. Last week house prices that seemed to make even the agents gasp, no exaggeration. A couple I looked at were owners moving into RVs. Having moved here from the north I still see value but the brakes are off the price resistance that used to exist here. I do understand there is more to the sp than NTAs but given the usual lag in valuation OCA has to be a very secure investment right now.

[winner69]

In case some are interested:- Earl taking Metlife down the green path - something Oceania should follow - like it or hate it green is becoming a necessity to get fund managers / institutional / sharemarket support

METLIFECARE COMPLETES NEW ZEALAND’S LARGEST-EVER SUSTAINABLE RE-FINANCING WORTH NZ$1.25 BILLIO

The NZ$1.25 billion Sustainability-Linked Loan comprises NZ$600m of existing debt and $650m new debt, and makes Metlifecare the first operator in the New Zealand and Australian retirement village and aged care sector to be fully debt funded by sustainable financing. The announcement follows Metlifecare’s earlier designation of its existing listed bond into a Sustainability Bond on 26 October 2021, and marks New Zealand’s largest-ever sustainable re-financing.

The material increase in funding capacity will support key elements of Metlifecare’s Full Potential Plan: a five-year growth strategy to increase the company’s landbank and development pipeline, provide geographic diversification and expand its aged care offering, all underpinned by ambitious ESG (Environment, Social, Governance) targets.


http://nzx-prod-s7fsd7f98s.s3-websit...531/361466.pdf