OCA - Oceania Group - retirement villages

[winner69]

As to timing, I would suggest it's likely the outcome of a Board meeting late last week, ahead of the release of the half year result.

Agree with that

[winner69]

In 2017 they did disclose / tell me what the earnings target was for the LTI. Turned out a bit embarrassing I reckon

It was Base Year is F17 and Base Underlying EPS is 5.6 cents and a 35% CAGR over 3 years to F20 - ie an EPS of 13.8 cents in F20 (Underlying NPAT of $83m)

They reported F20 Underlying NPAT of $42.9m - v the target $83m .... bit short eh .... and nowhere near $83m even now .... let alone an eps of 13.8 cents

Maybe that's why they won't tell me the earnings targets this time around

Maybe Earl got the sack after all ... or told to go look for another job

But no doubt plenty of excuses for falling short of target and discretion was used and incentives were paid out anyway .... that's how it works isn't it

[Maverick]

Thanks for the thorough reply Winner.
Personally I have no problem paying people well, in fact even very well, who do a decent job. I too ran my own business under the old principle "dont muzzle the ox when treading the wine press". I think that is good long term business 101 and certainly served me well.

But what I dont like is how this all seems to be deliberately murky. I cant see how you asking about the deal as being somehow sensitive

Anyway, thanks for the response and you too Ronaldson. Only 2 more monsoons to go through now until report day.

[bull....]

looks like oca is doing it's usual thing

[Rawz]

looks like oca is doing it's usual thing

whats that?

[bull....]

whats that?

on a number of occasions it has rallied into announcements ( obviously on great expectations )
what happens after depends on the results

[justakiwi]

As are you.

looks like oca is doing it's usual thing

[Rawz]

on a number of occasions it has rallied into announcements ( obviously on great expectations )
what happens after depends on the results

this time is different. its all blue skies from here

im already counting the profits

[bull....]

this time is different. its all blue skies from here

im already counting the profits

lol you must be in mav and winner's expecting great things camp ... what was it $1.50 after results ?

[winner69]

lol you must be in mav and winner's expecting great things camp ... what was it $1.50 after results ?

The numbers are one thing but it’s the story Brent tells that’s key

The story has been a bit inconsistent of late …..they’ve got to get their act together and keep to the script