OCA - Oceania Group - retirement villages

[mike2020]

I know someone with a small rest home with hospital care level services and the comments I hear make me think it is running very close to a loss with government underfunding. Things must be coming to a head? All the talk from Team Jacinda in the first term blaming the outgoing government really looking very hollow. Just looking at the big listed companies and thinking that property gains are used to support care ignores a large number of elderly who's care givers must be under huge stress.

[jagger]

yea but i believe , i may be wrong im not a tax accountant you can use an input or output calc of exp to recognize future revenue without having a pre sale ?

Property developers can only recognise revenue on unconditional sales.

So if you've presold 20% of the value of the development, unconditionally (important!), and you've completed 50% of the build then you can recognise 10% (i.e. 20% x 50%) of the value of the revenue.

This doesn't work to the same extent for retirement village / aged care because you're not preselling as much during construction. Unconditional RV presales, if any, are only secured very close to completion whereas property developers are required by their banks to get the development presold before starting construction.

[Curly]

A week may well be a long time politics, it certainly is in the share market. The strike price for the DRiP of 0.9875 is starting to look a bit expensive now, with the SP currently at 0.98

Will be topping up again at .95c as soon as dividend proceeds received.

[rugila]

Will be topping up again at .95c as soon as dividend proceeds received.

Ever hear of .90c, .85c and ...?

Someone on here was talking about (maybe) getting more OCA if it ever went down to 1.25c. That was several months ago.

[winner69]

I find this rather interesting

Comparing these numbers from the 2012 Cash Flow Statement to the 2022 report - like from 10 years ago

In $'000s
Receipts from Customers 184,065 in 2012 and 190,096 in 2022
Payments to Suppliers and Employees 168,682 in 2012 and 207,814 in 2022


Hardly any increase in Receipts but Payments up $40m

[Beagle]

Yeap, costs are absolutely rampant.

[couta1]

Winner and Beagle the 2 biggest non holding downrampers as far as OCA is concerned, you guys must like talking to the hand.

[Snow Leopard]

I find this rather interesting

Comparing these numbers from the 2012 Cash Flow Statement to the 2022 report - like from 10 years ago

In $'000s
Receipts from Customers 184,065 in 2012 and 190,096 in 2022
Payments to Suppliers and Employees 168,682 in 2012 and 207,814 in 2022


Hardly any increase in Receipts but Payments up $40m

Where did the 2012 numbers come from?

[ i.e. IPO document, FY presentation, etc, ? ]

[winner69]

Where did the 2012 numbers come from?

[ i.e. IPO document, FY presentation, etc, ? ]

Companies Office of course

IPO they only posted up 2014 onwards reports -- just I like 10 year history when studying train wrecks

[Beagle]

Winner and Beagle the 2 biggest non holding downrampers as far as OCA is concerned, you guys must like talking to the hand.

Ever thought that is is merely in the interest of good healthy informative debate and open discussion to help others ?

Or the fact there are good reasons that I or Winner do not hold. If you had it your way Couta1, every thread would be holders posting away in an endless positive feedback loop in blissful ignorance, oblivious to any possible problems.

Good stuff on the 10 years analysis Winner, shows you where ALL the gains over a full decade have gone. OCA a wonderful company for residents, staff and management. They're all doing exceptionally well thanks to the business model being heavily tilted in their favour.