OCA - Oceania Group - retirement villages

[Bjauck]

Yes, I'm glad to see businesses pay back the subsidy.

I can't stand validating the idea of socialising losses and privatising profits.
You either want to live in a free market or not.

However in this case the loss was the result of actions of the government not of the operation of the “free market.” The government was compensating those who suffered most as a result of the government’s lockdown policies (in other words, as the result of their intervention in the free market.) The free market would otherwise have seen large scale lay offs of employees.

[ronaldson]

I agree with Beagle above. There is a time to make a move after retirement, and most people wait too long before acting. These villages bring peace of mind as well as the potential for companionship. Security and peace of mind are often undervalued commodities, and as well there are usually enhanced amenities to be enjoyed ( swimming pool, cafe, gym, mens shed, library, cinema, bowling green, snooker/pool table, organised outings etc ) with a peer group a majority of whom are likely to be compatible, even if you personally are in denial about ageing up.

Even thou it seems an ever declining proportion of the population in this country are reaching retiring age owning their own home to ensure product affordability this sector still has strong tailwinds. And many of the remainder can afford a care suite when the time for that is appropriate anyway.

[justakiwi]

You just had to go there. This is disrespectful and uncalled for, and is sure as hell not the way Mav deserves to be treated

Come on mate, for goodness sake, all you're doing is seeking clarification of publicly released information on the call. Lets not pretend its a personal insight of private information she's sharing, its simply confirmation and / or clarification of previously released public information... I would have thought you would have been good enough to share that clarification or confirmation but as you wish, believe me, it makes no difference whatsoever to me. I know what I heard on the call, a lot of it wasn't encouraging and I was the one that invested the time to hear it.

Suppose that makes you an 'insider' now Mav

[couta1]

However in this case the loss was the result of actions of the government not of the operation of the “free market.” The government was compensating those who suffered most as a result of the government’s lockdown policies (in other words, as the result of their intervention in the free market.) The free market would otherwise have seen large scale lay offs of employees.

Trouble is if your the only company in the listed sector that doesn't pay it back its sticks out like a sore thumb and creates a very negative image to many, why risk it?

[couta1]

You just had to go there. This is disrespectful and uncalled for, and is sure as hell not the way Mav deserves to be treated

For sure and after all there are a few of us so called insiders on here.

[winner69]

Deleted --- was wrong

[Beagle]

Some of us put in an enormous amount of work behind the scenes and are happy to share all the results of that work on a wide range of companies in a spirit of goodwill for the benefit of others. The forum and its participants are best served when people are happy to share the results of their work.

[jagger]

However in this case the loss was the result of actions of the government not of the operation of the “free market.” The government was compensating those who suffered most as a result of the government’s lockdown policies (in other words, as the result of their intervention in the free market.) The free market would otherwise have seen large scale lay offs of employees.

Please. Come off, a pandemic is a natural disaster and this is the response.

The alternative to 'free market intervention' in this instance was all geriatrics dying an untimely death, which would hardly have been great for OCA's business model (or RYM / SUM / ARV for that matter).

So care businesses benefited doubly from the 'intervention' if they took the subsidy.
They hardly 'suffered' either, they still got fortnightly payments from the Government, but still collected bailouts (yes, that's what they were).

[Beagle]

.............

[winner69]

Deleted ……….