OCA - Oceania Group - retirement villages

[Baa_Baa]

that 1 billion ORA money is supervised by a statutory supervisor as under NZ law.
did the supervisor tell oca to stop paying div's Cause they worried about ORA liability ?

What is the name of this "statutory supervisor" who has the power to tell an RV's not to pay dividends?

[bull....]

What is the name of this "statutory supervisor" who has the power to tell an RV's not to pay dividends?

retirement villages act . if you are a resident of oca you can ask the name of the person. or alternatively the FMA know who it is.


Statutory supervisors employ accountants or analysts in their businesses to review each village’s audited financial statements. They look for financial trends or results such as: balance sheet insolvency, levels of debt as a percentage of total assets, major variances in year-on-year profit or loss, increases in operating expenses, bank covenants not being met, existing residents not accessing their termination proceeds, maintenance not being carried out, whether occupational rights agreements are difficult to sell and other indicators that may not be in the best interests of residents.
If an issue is found the statutory supervisor seeks advice from the village operator about what action is planned to rectify or mitigate the issue. The statutory supervisor also receives a report from the village’s independent auditor about the audit of the village’s financial statements

[Daytr]

cash crunch is underway. as per all RV announcements on debt reduction , slow-down construction , concentrate on cashflow. So yes sales are very important going forward to keep the lights on as per mav's focus. but as i say sales not necessarily translate to cashflow.

You are blowing things out of proportion here Bull. They have debt locked in, the earliest tranche due is not until Oct 27.
It's only prudent to slow down development if sales have been slow due a spluttering housing market.

OCA has something like 400 units either completed or in various phases of development.
Of course sales are key as they are for any developer. The proceeds from sales should be more than enough to complete the development and over time sales proceeds will outweigh what is requires to complete the builds.

OCA forecast to increase new & resales by 50% in the first half of 2024. Interestingly they are also forecasting to halve their development margins but maintain their resale margins.

[Maverick]

4DC67E95-7EEE-4F07-A514-4C4CDEBC5276.jpg
All this talk of “floats “ , are they real , imagined and even useable?
Heres the picture to tell the story from 1hy24.

I apologise for my childish graphics , but stumpy fingures on an iPad will do that…but it does make it clear to deferentiate what I’ve added over the offical release.

There it is ..the float…. Right now it is $950m tied up in property development with $364m now currently ready for sale.

It does exist and being used to handsomely achieve assets CAGR 18 % ( over 6 years. )

Hopefully this picture saves a thousand words.

[Cupsy]

superfluous to requirement

[Balance]

Looking like sp is going to break below 68c.

Got down to 45c during the Covid sell down in 2020.

Sellers now getting more aggressive - not waiting for the retail punters to load up too much before they slam the bid side.

!

67c heading fast towards 60c?

[Daytr]

67c heading fast towards 60c?

There is a real lack of buyer depth.
Could be good timing for me.

[bull....]

The bold portion of your post is an interesting point, from notes to the consolidated financial statements in the AR, 3.3 held for sale

"As the refundable occupation licence payment is repayable to the resident upon termination (subjectto a new ORA being issued to an incoming resident),""

As the refundable occupation licence payment is repayable to the resident upon termination (subjectto a new ORA being issued to an incoming resident

hope to many dont die at once

[Mrbuyit]

^^ surely only a problem if no-one wants to move in?

a worse situation for shareholders (although somewhat unlikely) is all residents living to 150 years old.

[Rawz]

It’s funny watching the bears and bulls wrestle control back and forward on this thread