OCA - Oceania Group - retirement villages

[Beagle]

For sure and death is a part of life especially at the age of the ones that died with Covid, many of them would have died by now anyways in all probability. As I have mentioned before in just one care centre I know of about 4 yrs ago, 20 residents died with the flu over that winter but you never heard about it.

A while back you asked where are all the deaths ? and I told you to wait and you will see. https://www.msn.com/en-nz/news/natio...71629e63f41b4a
24 more deaths announced today. People of all sorts of ages are dying from Covid including one aged under 10 yesterday, people in their 40's and 50's today are among the dead and 10-25 deaths per day seems to be the norm now. I think many are now desensitized to the seriousness of the issues and the numbers of deaths per day.

Its a very serious situation I am sure you will now agree. The extra costs the entire sector faces with infection protection measures isn't going away anytime soon and the Government isn't funding it properly. The Govt are socialising as many of the costs as they can get away with onto shareholders of retirement village companies.

To me this whole thing looks like a really enduring headwind for the foreseeable future, millions of extra dollars per annum in specific Covid inflection protection measures plus the huge surge in caregiver and nurses costs this sector faces and those most exposed to the care sector (OCA), face the strongest challenges.

I put it to you and others the shares seem cheap but they have been knocked down for a range of serious reasons and headwinds to the business the latest of which is a rapidly falling real estate market with volumes of sales drying up. Falls in value are one thing but most people have to sell their home first before they move in and if their home isn't selling in a timely way the sales of retirement village units aren't going to be completed in such a timely manner either. Reserve banks around the world are going to have to send economies into deep recession to fight inflation effectively. People hoping for a soft economic landing with interest rate increases are dreaming in my opinion.

[couta1]

Without rhyme or reason Ryman is going down disproportionately. Good thing I don't have many.

I'm not buying any more OCA just in case the bomb goes off and the market collapses completely.

Lol if the bomb goes off the market will be the lest of your worries, a full scale nuke war would mean just go into survival mode and baton down the hatches to the underground bunker whilst munching on tins of baked beans.

[Beagle]

Lol if the bomb goes off the market will be the lest of your worries, a full scale nuke war would mean just go into survival mode and baton down the hatches to the underground bunker whilst munching on tins of baked beans.

We need a bit of humour on this thread to lighten the mood a bit. Speaking of baked beans Mrs B showed me this funny advertisement the other day
https://www.youtube.com/watch?v=_QD1GbIRavA&t=3s

[Ggcc]

A while back you asked where are all the deaths ? and I told you to wait and you will see. https://www.msn.com/en-nz/news/natio...71629e63f41b4a
24 more deaths announced today. People of all sorts of ages are dying from Covid including one aged under 10 yesterday, people in their 40's and 50's today are among the dead and 10-25 deaths per day seems to be the norm now. I think many are now desensitized to the seriousness of the issues and the numbers of deaths per day.

Its a very serious situation I am sure you will now agree. The extra costs the entire sector faces with infection protection measures isn't going away anytime soon and the Government isn't funding it properly. The Govt are socialising as many of the costs as they can get away with onto shareholders of retirement village companies.

To me this whole thing looks like a really enduring headwind for the foreseeable future, millions of extra dollars per annum in specific Covid inflection protection measures plus the huge surge in caregiver and nurses costs this sector faces and those most exposed to the care sector (OCA), face the strongest challenges.

I put it to you and others the shares seem cheap but they have been knocked down for a range of serious reasons and headwinds to the business the latest of which is a rapidly falling real estate market with volumes of sales drying up. Falls in value are one thing but most people have to sell their home first before they move in and if their home isn't selling in a timely way the sales of retirement village units aren't going to be completed in such a timely manner either. Reserve banks around the world are going to have to send economies into deep recession to fight inflation effectively. People hoping for a soft economic landing with interest rate increases are dreaming in my opinion.

I don’t know how to word it, but I feel all the people I speak to have had a guts full of Omicron and the bull&$@ spewed to us by this government. Omicron is not as deadly as what has been portrayed and the new variants will be with us for ever. We cannot live our lives in fear and certainly our economy can’t cope with living in fear.

The Shops I go where customers are not wearing masks anymore are growing. Supermarkets allow people in without masks, where before they didn’t.

I think England is on the right track and in pockets of Europe Covid is seen as not a thing anymore by the average person living there. Plus half the rules here make little to no sense.

[SailorRob]

A while back you asked where are all the deaths ? and I told you to wait and you will see. https://www.msn.com/en-nz/news/natio...71629e63f41b4a
24 more deaths announced today. People of all sorts of ages are dying from Covid including one aged under 10 yesterday, people in their 40's and 50's today are among the dead and 10-25 deaths per day seems to be the norm now. I think many are now desensitized to the seriousness of the issues and the numbers of deaths per day.

Its a very serious situation I am sure you will now agree. The extra costs the entire sector faces with infection protection measures isn't going away anytime soon and the Government isn't funding it properly. The Govt are socialising as many of the costs as they can get away with onto shareholders of retirement village companies.

To me this whole thing looks like a really enduring headwind for the foreseeable future, millions of extra dollars per annum in specific Covid inflection protection measures plus the huge surge in caregiver and nurses costs this sector faces and those most exposed to the care sector (OCA), face the strongest challenges.

I put it to you and others the shares seem cheap but they have been knocked down for a range of serious reasons and headwinds to the business the latest of which is a rapidly falling real estate market with volumes of sales drying up. Falls in value are one thing but most people have to sell their home first before they move in and if their home isn't selling in a timely way the sales of retirement village units aren't going to be completed in such a timely manner either. Reserve banks around the world are going to have to send economies into deep recession to fight inflation effectively. People hoping for a soft economic landing with interest rate increases are dreaming in my opinion.

Dying with Covid or of Covid?

The excess death rate per 100,000 over the 2015-2019 average is all we should be looking at.

Many people of all different age groups die every day in NZ and always have done. With Covid raging, a percentage of these people who are dying in the same number as they did in 2019 will have Covid and be reported as Covid deaths like the gangster who was shot point blank between the eyes and registered as a Covid death.

I have Covid right now and have only had a singe jab a long time ago. It's nothing more than a mild annoyance, granted different for other people but a normal flue is literally an order of magnitude worse.

So the question is who is actually dying from Covid, lets see the excess death statistics.

[SailorRob]

I don’t know how to word it, but I feel all the people I speak to have had a guts full of Omicron and the bull&$@ spewed to us by this government. Omicron is not as deadly as what has been portrayed and the new variants will be with us for ever. We cannot live our lives in fear and certainly our economy can’t cope with living in fear.

The Shops I go where customers are not wearing masks anymore are growing. Supermarkets allow people in without masks, where before they didn’t.

I think England is on the right track and in pockets of Europe Covid is seen as not a thing anymore by the average person living there. Plus half the rules here make little to no sense.

Spot on mate, Covid is a joke.

Good friend is a flying doctor in Western Australia and covers a massive area with hundreds of thousands of people. They haven't lifted ONE person due to Covid this entire time.

They were doing 3 a week at one stage with myocarditis, all guys in their 20's (none had Covid)

[Poolboy]

Lol if the bomb goes off the market will be the lest of your worries, a full scale nuke war would mean just go into survival mode and baton down the hatches to the underground bunker whilst munching on tins of baked beans.

The tip of the day? Invest in Kraft Heinz?

[couta1]

Dying with Covid or of Covid?

The excess death rate per 100,000 over the 2015-2019 average is all we should be looking at.

Many people of all different age groups die every day in NZ and always have done. With Covid raging, a percentage of these people who are dying in the same number as they did in 2019 will have Covid and be reported as Covid deaths like the gangster who was shot point blank between the eyes and registered as a Covid death.

I have Covid right now and have only had a singe jab a long time ago. It's nothing more than a mild annoyance, granted different for other people but a normal flue is literally an order of magnitude worse.

So the question is who is actually dying from Covid, lets see the excess death statistics.

Yes exactly, he should have said with Covid, of Covid is just a Govt propaganda line or was. 14 of my family/extended family have had Covid (7 vaxxed and 7 unvaxxed) all cases were mild in both groups excepting 1 which required hospilization (vaxxed member) The elderly living in OCA facilities are far more protected than those in the community with the measures put in place so I don't see why there should be a greater concern, people die every day in these facilities from a variety of causes, its a hatch and dispatch type business.

[SailorRob]

The tip of the day? Invest in Kraft Heinz?

A business using 7 Billion in tangible assets and returning 6 billion pre tax on that - as Warren says, that's one hell of a business.

[Snoopy]

I don’t know how to word it, but I feel all the people I speak to have had a guts full of Omicron and the bull&$@ spewed to us by this government. Omicron is not as deadly as what has been portrayed.

Are you sure about that?

https://www.news-medical.net/news/20...-variants.aspx

It could be it is only the extremely successful vaccination campaign that has made Omicron 'seem' less deadly. New Zealand is near the top of the ladder in death rates per 100,000 people right now. We are on track for around 3,000 deaths 'with Covid' this year I reckon. The historical estimate is that we lose 500 people 'with the flu' each year. So it looks like Omicron is six times worse than the flu from a mortality perspective. And that is because Covid-19 is so much more transmissible than the flu, not because it is necessarily more pathogenic. It is the R value that is the real menace behind Covid-19 these days, not the pathenogicity.

We cannot live our lives in fear and certainly our economy can’t cope with living in fear.

I am going to wait for the Omicron wave to wash though before I let my guard down. That isn't because of fear (I do believe I will get Covid-19 in the end, am resigned to it, as in the longer term there will be no way to dodge it). But I would rather catch it later, when we have more meds and the medical boffins know more about the virus, and there are more hospital beds available.

I think England is on the right track and in pockets of Europe Covid is seen as not a thing anymore by the average person living there.

The United Kingdom is currently the only country in the OECD with a higher hospitalisation and death rate than NZ. Not exactly a shining example to follow.

SNOOPY