OCA - Oceania Group - retirement villages

[Beagle]

My recollection is the 3 B's made a great and sustained team effort to help try and help people avoid cremating their capital with our really sustained efforts on the ATM thread to highlight the increasing risks. I think it was a fabulous team effort and all three of us can feel proud and really satisfied we made a real difference for good for some people. It feels really good to contribute in a meaningful way and do good for others without in any way profiting from it yourself.

I am still trying to think of a catalyst that will spring this out of the doldrums and all that comes to mind is a possible takeover at some point.

[davflaws]

[QUOTE=Beagle;948378]

It feels really good to contribute in a meaningful way and do good for others without in any way profiting from it yourself.

[QUOTE]

Careful! You are in grave danger of slipping into a "socialist rant"

[Beagle]

[QUOTE=davflaws;948392][QUOTE=Beagle;948378]

It feels really good to contribute in a meaningful way and do good for others without in any way profiting from it yourself.

Careful! You are in grave danger of slipping into a "socialist rant"

[peat]

wow Beagle we both bought our first house in 1991, mine was on Dec 4th. In Kingsland I paid 130 It was totally a buy in gloom period, I'd been saving hard out since before the crash of 87 (which I averted).
Sold that house 10 years later for 360 so it would appear I did better than you for CAGR haha

I wanted to say takeover several pages back of this thread, but now see it has been broached. That possibility will act as a support for price at these levels maybe. Someone can then rationalise it and change the culture and get the price back up to 1.50 easy.

I think its easy to see the possibility of a bottom formation taking place here. a bit of an inverted H& Sh. One strong almost bullish engulfing candle and then a few corrective days. Its all set for a resolution very soon
OCA02.JPG

[Rawz]

Thank you for your post, Peat.

So it is decided. We shall never see $1. Too bad, it would have been nice.

It’s a big fat BUY

Beagle- flip that coin again, just one more time plz. It is the last omen we require to back up the truck. Keys are in, tank is full, gear stick is in reverse, just need to release the clutch

[Beagle]

Thank you for your post, Peat.

So it is decided. We shall never see $1. Too bad, it would have been nice.

It’s a big fat BUY

Beagle- flip that coin again, just one more time plz. It is the last omen we require to back up the truck. Keys are in, tank is full, gear stick is in reverse, just need to release the clutch

Hold your horses mate, its too early.

I think its easy to see the possibility of a bottom formation taking place here. Peat

Agreed but it hasn't happened yet. MET took three months for a proper bottom formation process to be completed and many of us saw that properly formed and only then backed up the truck in the low $4's and then the rest is history. Agree about the takeover possibility providing support at about these level's. No question a change of culture to a more commercial focus and the removal of huge amounts of duplicated head office overhead would see this as being eps accretive to the likes of say MET especially if it was debt funded by their parent company.

[bottomfeeder]

Just get the feeling with the housing market slowing down, that the market is taking in the loose money. ARV has up 25 percent from a few weeks ago. Next it will be OCA. Let's see 25percent is $1.30.

[Beagle]

I don't think the market takes any comfort from them looking to expand the care side of their business with some possible public private partnership with a DHB they mentioned at the interim result briefing. I reckon that part of their business that's already run as a charity is already too big and expanding it is not in shareholders best interests. Until they start running this company with a genuine focus on what's really in the best interests of shareholders its likely this will remain the runt of the litter. Bottoming process still has a way to run in my opinion.

[bottomfeeder]

I don't think the market takes any comfort from them looking to expand the care side of their business with some possible public private partnership with a DHB they mentioned at the interim result briefing. I reckon that part of their business that's already run as a charity is already too big and expanding it is not in shareholders best interests. Until they start running this company with a genuine focus on what's really in the best interests of shareholders its likely this will remain the runt of the litter. Bottoming process still has a way to run in my opinion.

Got to have some respect for your opinion, from past posts, but this really seems like a downramping to buy in at a lower price. Run as a charity? Doubt it. Bottoming process has a way to run? Doubt it.
I have said it before it may get back to $1, but not for long,, buyers will come in and load up very quickly. No doubt Beagle is one of them.

[couta1]

Got to have some respect for your opinion, from past posts, but this really seems like a downramping to buy in at a lower price. Run as a charity? Doubt it. Bottoming process has a way to run? Doubt it.
I have said it before it may get back to $1, but not for long,, buyers will come in and load up very quickly. No doubt Beagle is one of them.

Running with the hares and hunting with the hounds comes to mind.