OCA - Oceania Group - retirement villages

[justakiwi]

Deleted....................

[mike2020]

Privately-owned $5.3 billion retirement giant Metlifecare pushed revenue up 32 per cent in the latest half-year from rising sales and retaining 30 per cent of residents’ money once they leave.
The company, which delisted from the NZX after a takeover three years ago, said its new unit sales and deferred management fee from resales meant it made more money.
The company, whose villages are mainly in the North Island, retains 30 per cent of the money elderly residents pay on entry.

The first three sentences in The Herald, gives you clear indication of the writers attitude towards the industry?

[bottomfeeder]

Privately-owned $5.3 billion retirement giant Metlifecare pushed revenue up 32 per cent in the latest half-year from rising sales and retaining 30 per cent of residents’ money once they leave.
The company, which delisted from the NZX after a takeover three years ago, said its new unit sales and deferred management fee from resales meant it made more money.
The company, whose villages are mainly in the North Island, retains 30 per cent of the money elderly residents pay on entry.

The first three sentences in The Herald, gives you clear indication of the writers attitude towards the industry?

A lot of misinformation out there. So easy to manipulate statistics.

30% after one year is a hell of a lot of difference to 30% after 10 years.

[winner69]

From the other place an interesting post

Speaking of renting retirement villages, INA in Australia just reported. Share price got hammered after the outlook was revised from 30% EBIT growth to 0-10% growth.

"The Group anticipates settling 370-420 homes in FY23, as new homes complete in the second half. This compares to expected settlements of 460-485 announced on 10 November 2022.
The Group is building approximately 500 new homes in FY23 and now expects homes previously anticipated to settle in FY23 to drift into FY24"

Things seem to be changing quickly, could be a warning for the NZ operators.

[percy]

From the other place an interesting post

Speaking of renting retirement villages, INA in Australia just reported. Share price got hammered after the outlook was revised from 30% EBIT growth to 0-10% growth.

"The Group anticipates settling 370-420 homes in FY23, as new homes complete in the second half. This compares to expected settlements of 460-485 announced on 10 November 2022.
The Group is building approximately 500 new homes in FY23 and now expects homes previously anticipated to settle in FY23 to drift into FY24"

Things seem to be changing quickly, could be a warning for the NZ operators.

In fact it appears the NZ operators woke up to slowing sales over 6 months ago.
Again in this sector they are most probably well ahead of their Aussie cousins,even INA's very experienced Simon Owen.

[Greekwatchdog]

From the other place an interesting post

Speaking of renting retirement villages, INA in Australia just reported. Share price got hammered after the outlook was revised from 30% EBIT growth to 0-10% growth.

"The Group anticipates settling 370-420 homes in FY23, as new homes complete in the second half. This compares to expected settlements of 460-485 announced on 10 November 2022.
The Group is building approximately 500 new homes in FY23 and now expects homes previously anticipated to settle in FY23 to drift into FY24"
Things seem to be changing quickly, could be a warning for the NZ operators.

Thanks Winner69, but this would have more relevance on the Generic "Retirement Village" Thread don't you think?

[SailorRob]

I haven't been keeping up with the thread of late, but hopefully someone has pointed out the outstanding capital allocation of OCA in comparison to the trainwreck allocation of the supposedly far superior Ryman?

[Balance]

I haven't been keeping up with the thread of late, but hopefully someone has pointed out the outstanding capital allocation of OCA in comparison to the trainwreck allocation of the supposedly far superior Ryman?

Wait for OCA’s next CR - certain inevitability now about it happening with bankers & financiers spooked by just how profound the property downturn is.

[Ggcc]

Wait for OCA’s next CR - certain inevitability now about it happening with bankers & financiers spooked by just how profound the property downturn is.

We might see houses spike in Napier/Hastings as the amount of houses yellow or red stickered seems to sound over 100

[SailorRob]

Wait for OCA’s next CR - certain inevitability now about it happening with bankers & financiers spooked by just how profound the property downturn is.

If they issue stock for cash at current prices while paying out cash as a dividend then they need hanging drawing and quartering. That would be the most unbelievably stupid thing to do.