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26-09-2022, 12:20 PM
#13551
Take your politics to the appropriate threads, thank you.
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26-09-2022, 12:49 PM
#13552
Originally Posted by Baa_Baa
Take your politics to the appropriate threads, thank you.
You realise of course that the biggest negative impact on businesses currently is big government policies under Ardern?
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26-09-2022, 01:02 PM
#13553
Taking you off ignore temporarily to second Baa_Baa's request. We are perfectly capable of recognising for themselves the impact government policies have on our investments. Regardless of which government's policies they might be. We do not need you and your cohorts to continually hijack investment related threads with your political diatribes. You are like a cracked record, with nothing new to say, and it is not only mind-blowingly boring, it is nauseating. I am hitting the report button this time, and I suggest anyone else who has had enough, does the same.
Originally Posted by Balance
You realise of course that the biggest negative impact on businesses currently is big government policies under Ardern?
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26-09-2022, 01:58 PM
#13554
Originally Posted by justakiwi
Taking you off ignore temporarily to second Baa_Baa's request. We are perfectly capable of recognising for themselves the impact government policies have on our investments. Regardless of which government's policies they might be. We do not need you and your cohorts to continually hijack investment related threads with your political diatribes. You are like a cracked record, with nothing new to say, and it is not only mind-blowingly boring, it is nauseating. I am hitting the report button this time, and I suggest anyone else who has had enough, does the same.
Not my fault you voted for Ardern & her ruinous housing policies which created an unsustainable boom and now, a disastrous collapse in property prices flowing into ever lower retirement villages valuations.
Yet you profess to understand how big government policies affect stocks?
Last edited by Balance; 26-09-2022 at 01:59 PM.
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26-09-2022, 04:36 PM
#13555
Originally Posted by Balance
Not my fault you voted for Ardern & her ruinous housing policies which created an unsustainable boom and now, a disastrous collapse in property prices flowing into ever lower retirement villages valuations.
Yet you profess to understand how big government policies affect stocks?
Being this is a forum for share traders and investors, seems fair to comment on things that impact on outcomes for those involved with these activities. Without a doubt impact has come and continues to come from government policy and decisions emanating from socialist ideology and a complete lack of even fundamental business experience and economic knowledge.
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26-09-2022, 04:54 PM
#13556
I have no objection to political impacts being discussed maturely and rationally, providing they don't venture off subject. What I do object to is the constant hijacking of investment related threads (as opposed to off-topic threads) by repetitive, emotional outbursts accompanied by personal attacks and insults (directed at politicians and other posters). Balance has been on his bandwagon for literally years. He has nothing new to contribute. It is a never-ending stream of the same "story" and the same insults, over and over again. Ad infinitum. It contributes nothing to our discussion about OCA. As I said in my previous post, we are all capable of coming to our own conclusions about the impacts of political decisions on our investment. Whether Balance believes that or not, it is fact. I want to discuss OCA, not politics, and take advantage of some of the in depth research being done by one or two posters. There are a number of alternative threads available for Balance (and others) to take his anger and ranting to. All I am asking is that he does that.
Originally Posted by 850man
Being this is a forum for share traders and investors, seems fair to comment on things that impact on outcomes for those involved with these activities. Without a doubt impact has come and continues to come from government policy and decisions emanating from socialist ideology and a complete lack of even fundamental business experience and economic knowledge.
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26-09-2022, 05:48 PM
#13557
Originally Posted by Balance
You realise of course that the biggest negative impact on businesses currently is big government policies under Ardern?
Amen. I don't mind as I understand where you come from in the discussion.
In the last few years this government have been sitting with their hands under their bottoms and are not sure how they got out of this rubbish they got themselves into. They seem to want to spend, but they don't send it onto the areas requiring it the most. The healthcare sector is one of these areas.
This government have sent money to multiple people I know that didn't need it, but hey they were entitled to it, so I don't blame them if they hire a great accountant.
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26-09-2022, 06:20 PM
#13558
Originally Posted by Ggcc
Amen. I don't mind as I understand where you come from in the discussion.
In the last few years this government have been sitting with their hands under their bottoms and are not sure how they got out of this rubbish they got themselves into. They seem to want to spend, but they don't send it onto the areas requiring it the most. The healthcare sector is one of these areas.
This government have sent money to multiple people I know that didn't need it, but hey they were entitled to it, so I don't blame them if they hire a great accountant.
The initial fight against Covid led by Ardern was very successful mostly in helping keep the dreaded lurgie out of our rest homes - to the benefit of OCA. However why didn’t the govt make sure the flood of cheap Covid money was channeled into industry and business instead of into boosting the price of residential real estate? They could have raised higher the LTV requirements etc. as other countries did.
Last edited by Bjauck; 26-09-2022 at 06:22 PM.
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26-09-2022, 08:40 PM
#13559
To get this back on track, here is the OCA's P&L presented in a more traditional format that I posted elsewhere:
OCA_PL - Copy.JPG
And some high level KPIs: (red triangles indicate an annualised figure)
OCA_KPIs - Copy.JPG
Take from these what you will...but an interesting observation is the total DMF revenue divided into the prior year "Management Fee Receivable" figure per the notes in the accounts shows a nice trend and IMO a predictable value. I can already see $57m in DMF revenues in the coming fiscal year, but that is before taking into account any DMF fees from the recent Bream Bay and Remuera/Newmarket acquisitions. This means my $57m will be lower than the actual DMF revenues.
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26-09-2022, 09:48 PM
#13560
A lot is said about EPS but in the RV sector they all have poor dividend returns compared to CPI and other established payers, with OCA the best, SUM and RYM the worst. EPS is nothing if it cannot be realised by an investor without having to sell their stock. All RV's need to realise that their investor returns are less than can be achieved by a bank term deposit (yes, it's changed fairly quickly but it is what it is). I'd not weight my investment in the RV's, which I have diversified across the sector, by EPS, as I have no intention of realising the EPS by selling my shares. Such a conundrum, EPS is a useless measure if it cannot be realised by anything other than disposing of the asset/equity. If EPS doesn't reflect in earnings distributions, then EPS is a bogus measure. OCA is still the highest paying dividend, the others are pathetic by comparison, consuming their EPS in growth and ignoring their shareholders interests in income, forcing the focus onto share price and the awkward realisation of that by having to sell to achieve it, and be taxed and fee'd, rather than underlying profit and constant growing distributions.
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