OCA - Oceania Group - retirement villages

[Ggcc]

Numbers not so good but what the heck Brent tells a great story

Value of the company is all about the story so no worries

I was thinking that. Lower than what people were mentioning on here

[justakiwi]

At last, someone who gets it.

Steady as she goes. Premium care units don't rely on Govt to be profitable. Retirement villages are never going to be a spectacular performer with abnormal highs and lows. Just a safe and secure investment, poised to proceed with future growth and stable demand in years to come.

[winner69]

I was thinking that. Lower than what people were mentioning on here

Much much lower than my considered guess and significantly lower than Mavericks calculations

[Gerald]

Right dog of a result. Not sure why they don't just use the funds from sales just to attack share count, far more accretive at a 40% discount to NTA then playing around burning money doing same old same old.

[bottomfeeder]

oca holders be pleased with there little over 1c div lol after tax

Very emotive language, but a little does not compare to just under 28% more than 1cent. That only applies to those in the 33% bracket also.

Will be interesting to see how the market perceives this result.

[winner69]

NPAT down $26m or 70% on pcp

Operating Cashflow $21m less or 40% on pcp

It's that cashflow bit that's a bit hmmmm

I don't think Maverick will be too impressed (like me)

[Rawz]

hmmmm doesnt look like a good result from what i can tell. sales down, comprehensive income down, op cash flow down.

[bull....]

Very emotive language, but a little does not compare to just under 28% more than 1cent. That only applies to those in the 33% bracket also.

no wonder they cut the div op cashflow down 40% on pcp

and relying on re-sales to achieve results next yr is risky i reckon.

boiled cabbage might help

[bottomfeeder]

no wonder they cut the div op cashflow down 40% on pcp

Seen it happen so many times before. When the market hammers your SP, dividend in monetary terms goes down. Company executives take very little responsibility for how the market treats the SP, but pays to shareholders the return the market expects.

[percy]

Some rather impressive figures on page 29 of the presentation.
Average development margin 32.2%
Average resale margin...........22.7%
Average resale gain per unit/care suite $99,613.