OCA - Oceania Group - retirement villages

[SailorRob]

I'd buy above the 200ma

May I suggest you just form some estimate of the intrinsic value and buy if there is some kind of discount to this and then sit on your backside.

[Poolboy]

Today - yikes.

[winner69]

Wow - Oceania industry leaders - even Ryman following their business model.

Included in an article headed Ryman to cut care beds in new villages by up to two-thirds'
this snippet

Ryman told investors it is also looking at introducing new care suites – in that, it appears to be taking a leaf out of the business-model book of another listed operator, Oceania Healthcare, which has been developing standard care beds into suites with more amenities and services that the resident pays for and above the requirements to attract government funding.

https://businessdesk.co.nz/article/p...o-two-thirds-1
prob paywalled

[justakiwi]

It was only a matter of time before they caught on. OCA has been the "industry leader" for some time, but very few people have recognised it.

Wow - Oceania industry leaders - even Ryman following their business model.

Included in an article headed Ryman to cut care beds in new villages by up to two-thirds'
this snippet

Ryman told investors it is also looking at introducing new care suites – in that, it appears to be taking a leaf out of the business-model book of another listed operator, Oceania Healthcare, which has been developing standard care beds into suites with more amenities and services that the resident pays for and above the requirements to attract government funding.

https://businessdesk.co.nz/article/p...o-two-thirds-1
prob paywalled

[Poolboy]

Wow, shows how little we know. Share price about half what it was a year or two ago. No point in analysing the details when it's the bigger picture that needs to be looked at.

Shame on all you people who voted Labour in.

[Bjauck]

Wow, shows how little we know. Share price about half what it was a year or two ago. No point in analysing the details when it's the bigger picture that needs to be looked at.

Shame on all you people who voted Labour in.

I wonder how many Sharetrader browsers and OCA residents wouldn’t be here if Ardern and Labour had not been In office during the first year or so of Covid.

Luckily that cannot be answered.

[Poolboy]

Oh yes, our Glorious Leader has saved us.

[Baa_Baa]

Wow - Oceania industry leaders - even Ryman following their business model.

Included in an article headed Ryman to cut care beds in new villages by up to two-thirds'
this snippet

Ryman told investors it is also looking at introducing new care suites – in that, it appears to be taking a leaf out of the business-model book of another listed operator, Oceania Healthcare, which has been developing standard care beds into suites with more amenities and services that the resident pays for and above the requirements to attract government funding.

https://businessdesk.co.nz/article/p...o-two-thirds-1
prob paywalled

Thanks winner, this is very interesting, that Ryman are getting on board with the OCA strategy implemented 3 years ago, for similar reasons of underfunded govt care.

Some people might have struggled with the definition of 'care bed' versus 'care suite' and the business model and financials around that, but hopefully this clarifies that and vindicates OCA's early mover initiative to reorient their business model, before the other RV's get on board.

OCA are even moving on from that now (the inflection point) to exceptional quality high end apartments and acquisition of brown fields properties. As JAK says, OCA are an industry leader but relatively few seem to have realised this.

I suggest everyone goes back and reads Maverick and Fergs insightful posts for a glimpse of the not too distant future. They get it, are deeply researched, model it and graciously share it. Looking to the future rather than the rear view mirror.

[ronaldson]

The " bigger picture " across the ditch, as reported today in The Australian, is headlined " Emergency Funding needed as aged-care sector at risk of collapse ". It states 2 in 3 nursing homes operated at a loss in 21/22, with residential aged-care homes losing $15 per bed per day.

The solution postulated is that essentially reform is needed so that those who can pay more for the accommodation component and for the costs of everyday living that those outside aged care homes would be required to pay, such as food, utilities, cleaning and laundry, need to do so.

The cost of aged care spending in the budget needs to rise from $29.8b in 2022/23 to $52.5b in 2032/33. That is a staggering increase, but the report notes baby boomers are marching inexorably into old age.

There is going to be a test of political will, both here and in Australia. I have no confidence that Andrew Little "gets it" with regard to the contribution made by the listed retirement village sector. The writing is clearly on the wall given the Ryman decision noted above. But the OCA care suite model is a prescient example of how it will need to be.

[Rawz]

There needs to be like a boomer tax or something to help pay for all this. There’s nothing in the coffers! Maybe when you are 50+ you pay 40% tax rate until 65.

Otherwise a country saddled with debt will be passed onto the next generation