OCA - Oceania Group - retirement villages

[alokdhir]

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)

So your prediction of 75 Cents on the cards then mate !! What Mr Orr can say to stop it ? I reckon he will only help it reach there

[winner69]

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.

Slide 21 pretty impressive

EBITDA per Care Bed up again ..... getting close to $20,000

Hope govt doesn't see that

[Balance]

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.

Consensus dividend forecast - 5 cps for F23

Consensus NAB - $1.37

Both going backwards but with sp at current level, downgrades already priced in?

[winner69]

ASM all bulish saying first 2 months sales volumes up on corresponding period prior year

half year sales down 2% ...sales slowing down compared to last 4 months last year

[winner69]

Book Value increased to $1.35 per share

[ronaldson]

The dividend (half year) is actually down - 1.9cps when last year 2.1cps. The DRIP discount doesn't offset that. So current yield has declined. The fact that it is unimputed (as was the case before) isn't unexpected as there are losses to amortise.

But that won't help the share price get traction.

[Bjauck]

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)

It looks like the big seller over the last few weeks had an inkling or got a whiff of the pong from the rotten headline figures? Although drilling down may not be all gloom.

A $17m (over 20%) increase in receivables. Would they be new Ora sales?

[bull....]

rangebound last week 78 - 82 which way will it break?

78c now
so a breakdown would imply 74c min ?

[Balance]

rangebound last week 78 - 82 which way will it break?

78c now
so a breakdown would imply 74c min ?

I have this down now to 70c after talking to a fund manager who liquidated their OCA position this year. More later.

[850man]

70c, not far from 50% discount to NTA! Takeover anyone?