OCA - Oceania Group - retirement villages

[couta1]

99c with a load of weight on it and not much propping it up.... hmmm

Mind you the whole NZX looking pretty sick right now, punters overcome with fear, can't think why.

[bottomfeeder]

$1 has always been a key level for OCA, so I guess if you are gonna buy, here is the place to do it. Easy invalidation.

Something doesn't seem right. It's like the price is being artificially held low. It's a steal at these prices. But why. Cunning takeover prospect or accumater coming in soon. After all it just takes brokerage to sell lots and buy back at a lower price. Ahh the days of $1.70 seems just a distant memory.

[Baa_Baa]

Price/Bv a good measure of market sentiment

One day soon the blue line will go back above the red line ....just like it did a couple of years ago

Blue line currently at $0.99 is exactly 50% retrace of the Covid low -> ATH. And 50% isn't even a real Fib number. Sentiment very sucky at the moment. About $0.84 is the 61.8% Fib retrace level, surely not. Don't let bad sentiment go to waste.

[Bjauck]

Something doesn't seem right. It's like the price is being artificially held low. It's a steal at these prices. But why. Cunning takeover prospect or accumater coming in soon. After all it just takes brokerage to sell lots and buy back at a lower price. Ahh the days of $1.70 seems just a distant memory.

The residential property market was allowed to get into a bubble and low interest rates were the new normal so many thought. So sentiment has changed and OCA is the stock that gets dumped on both from the point of view government funding that chronically never covers or at best lags coverage of full costs, and from the point of view of being exposed to residential housing market sentiment.

[Beagle]

The residential property market was allowed to get into a bubble and low interest rates were the new normal so many thought. So sentiment has changed and OCA is the stock that gets dumped on both from the point of view government funding that chronically never covers or at best lags coverage of full costs, and from the point of view of being exposed to residential housing market sentiment.

Agreed. We could see the real estate market fall another 20-40% over the next few years.
I think the share price is merely front running that and not the screaming cheap one way bet some seem to think it is. As always, a well diversified portfolio with only a modest allocation to any one sector or company is the most prudent approach to risk management.

[couta1]

Diworsification yeah-nah (4 stocks are ample) live like there's no tomorrow is what my sisters told me at my 60th b-day last year, after all there may not be for you as an individual, did a stint in hospital not too long ago and wasn't far off leaving the planet so my outlooks changed even more since then.

[Panda-NZ-]

Has anyone done the calcs on what employing a nurse directly will cost for one person vs what these private companies take in per year (after a massive govt subsidy no less).

[Beagle]

Has anyone done the calcs on what employing a nurse directly will cost for one person vs what these private companies take in per year (after a massive govt subsidy no less).

To get good around the clock care if you can get the staff means employing a full time nurse for 8 hours a day x 3 shifts per day x 7 days per week which at about $40 an hour x 168 hours per week = $6,720 per week. Might be a "little bit" cheaper at Oceania lol

[Entrep]

Blue line currently at $0.99 is exactly 50% retrace of the Covid low -> ATH. And 50% isn't even a real Fib number. Sentiment very sucky at the moment. About $0.84 is the 61.8% Fib retrace level, surely not. Don't let bad sentiment go to waste.

Great point, would love to see it personally!

[Bjauck]

Agreed. We could see the real estate market fall another 20-40% over the next few years.
I think the share price is merely front running that and not the screaming cheap one way bet some seem to think it is. As always, a well diversified portfolio with only a modest allocation to any one sector or company is the most prudent approach to risk management.

The latest Corelogic figures still have the NZ housing market up a ridiculous 18.8% over the past year. It could drop another 20% and still remain expensive on International comparisons. Also as mentioned OCA pricing of ORAs is low enough to have a cushion for a reasonable drop in surrounding property prices.

https://www.stuff.co.nz/life-style/h...corelogic-says