OCA - Oceania Group - retirement villages

[Beagle]

Most people that go into business only have 1 business and put their all into it, a falling tide causes all boats to drop toward the bottom no matter how many you have.

You make a good point. The whole sector is under really serious pressure and the chart looks atrocious for them all and with a rapidly falling real estate market it does beg the question of how much one really wants invested in this sector ?
Let's also not forget for one minute that we have the "wonderful pleasure" of waiting until this "fabulous" socialist government release their final report and recommended changes to the retirement sector later this year sometime. I shudder to think how else they might engage in restorative justice for the masses or are going to try and socialize the cost of care onto us shareholders that you'd easily be forgiven for thinking are perceived in the halls of power in Wellington as nothing but "greedy capitalists". Maybe they will simply change the law in the property sector yet again and simply tax the "heck" out of us and call all profit in this sector both realised and unrealised as taxable profit ?
Worse still, if as RTM correctly suggested this morning, the political risk is very very real and if Jacinda gets a third term, oh my goodness, then it really will be time to run for the hills !!!!!!
I'll probably sell every N.Z. share I have and put the lot overseas if she gets a third term.

[couta1]

You make a good point. The whole sector is under really serious pressure and the chart looks atrocious for them all and with a rapidly falling real estate market it does beg the question of how much one really wants invested in this sector ?
Let's also not forget for one minute that we have the "wonderful pleasure" of waiting until this "fabulous" socialist government release their final report and recommended changes to the retirement sector later this year sometime. I shudder to think how else they might engage in restorative justice for the masses or are going to try and socialize the cost of care onto us "greedy capitalists" or simply just tax the **** out of us.
Worse still, if as RTM correctly suggested this morning, the political risk is very very real and if Jacinda gets a third term, oh my goodness, then it really will be time to run for the hills !!!!!!
I'll probably sell every N.Z. share I have and put the lot overseas if she gets a third term.

If she gets a third term due to the Maori party holding the balance of power along with the Greens, thats scorched earth material right there.

[SailorRob]

Yes, most fortunes are/have been made by owning one business. Often less risky than would be suspected as total focus.

Please don't even entertain the thought of another term. The damage that would do to this country would be unthinkable.

You can install practically any government in a country with a system of checks and balances and in 3 or 4 years there is only so much damage they can do. In 9 years, all bets are off. I made the move once she got the second term governing alone, all capital removed from NZ aside from a boat and a position in STU now also sold.

Very good point regarding the socialising of care onto the shareholders. Insurance companies are always battling this as well.

[ralph]

Worse still, if as RTM correctly suggested this morning, the political risk is very very real and if Jacinda gets a third term, oh my goodness, then it really will be time to run for the hills !!!!!!
I'll probably sell every N.Z. share I have and put the lot overseas if she gets a third term.

I'm afraid to say she /they will be in again with the race based political game she is playing with the far left groups greens and maori party They have carved a niche for themselves that will be hard to break

[Waltzing]

"Beagle said it all."

yep at MR B's Best!

[850man]

"Beagle said it all."

yep at MR B's Best!

I'll second that! For me, some very big decisions if the left get a 3rd term

[Waltzing]

" left get a 3rd term"

yes some high net worth investors may even start or already have moved funds off shore out of this tax jurisdiction.

New DOOM DAY BOOK coming in the form of tax legislation.

[bull....]

will it reach 91c today lower weekly bolly

[couta1]

will it reach 91c today lower weekly bolly

No it won't and on any positive US days next week it will start to climb toward the result as some punters won't want to miss out.

[bull....]

No it won't.

is that your massive order in at 91