OCA - Oceania Group - retirement villages

[winner69]

Interesting article this morning. If link dosent work copy and paste

https://www.thepost.co.nz/business/3...odule#cxrecs_s

Comment from Brent "To date, 20 apartments are in the process of being purchased, and four people have bought into the private care residences. He is “pleasantly surprised” with the uptake, which includes the pre-sale of the penthouse."

Ha ha …..seems they’ve listened to me and changed the Supplied photo of Brent

The smug looking I’m here to screw you Brent is now a more serious looking sophisticated Brent complete with spectacles

[jfbl5690]

Hi Maverick,

Really enjoy your contributions to the OCA forum, have learnt heaps from them. Just wondered how you get 130m for ORA new sales and resales for H1 2024? In the OCA cashflow statement I see 105m for Receipts from new occupation right agreements? Where does the 25m difference come from?

Ok lets try this...

			2024					2025					2026
52.0	83.1	72%	135.1		78.9	88.3		167.2		79.4	59.3		138.8
77.6	83.3	22%	160.9		90.5	114.6		205.1		107.1	134.9		242.0
129.6	166.3	66%	295.9		169.4	202.9		372.3		186.5	194.3		380.8
38.6	51	12%	89.6		45	45		90		50	50		100
91.0	115.3		206.3		124.4	157.9		282.3		136.5	144.3		280.8
104.7	105.2		209.9		105.1	109.9		214.9		109.4	113.6		223.0
-128.6	-128.7		-257.3		-130.8	-136.1		-266.9		-136.3	-141.7		-278.0
-6.8	0.0		-6.8		-12.5	-14.0		-26.5		-12.5	-21.4		-33.9
-115.5	-80		-195.5		-80	-80		-160		-80	-80		-160
-55	12		-43		6	38		44		17	15		32

That`s the best I can Bull....gonna have to get out your magnifying glass.

So there`s the cash flow I expect ...

Our basic difference is I think...
I see sales as profit AND cashflow.
You see sales as just profit and no cashflow. ( like a standard property developer not using ORA`s)
I`m not sure why you dont see that "cash float " the resident just paid up front is now sitting in OCAs accounts to use as they please. ( either building more units elsewhere or paying debt.) It never has to be paid back while new residents are lining up to take it over on resale.
The ORA set up is the key difference of why RVs will keep making money in a stagnant property market and developers dont.


I have to leave for a week or so shortly so I wont have time to respond further for now.

[winner69]

Up the Wahs ….this is our year …….and for Oceania faithful this is our year

Headline in Stuff possibly written by a OCA fan who substituted Oceania with Warriors and doubling share price with NRL


Work still to do for Warriors before new NRL season, but no obvious concerns

The stars are aligned .."season starts in earnest next week

[Maverick]

Ha ha …..seems they’ve listened to me and changed the Supplied photo of Brent

The smug looking I’m here to screw you Brent is now a more serious looking sophisticated Brent complete with spectacles

Well it looks like your email last week for an update arrived today too in the Post article …great job Winner.

This “infomercial “ seems classy way of “throwing us the bone” we asked for of how things are going. I’m going to try and clarify with them if the 20 sales in progress included with the sold units of the folk who moved in late last year or are on top of the sold units???
The article is a bit ambiguous.

Either way , there is enough commentary there to know the vital metric of new sales at the Helier are going to plan if not slightly better.

So Brent and Kathryn, if you are reading this……thank you for the update, very much appreciated.

[Blue Skies]

Time to back the truck up ?

[Maverick]

Time to back the truck up ?

Everyone of course has to invest to their own style but look at it this way...

If OCA make the usual 8c /share of the last 5 years and you can now buy that share for 60c ....that`s a 13% P/A.

If OCA manage to sell that $363m of available new stock and over the next 2 years which should make a progressive profit up to $14c/share 2026...thats 23% P/A

In my opinion, if that isn`t enough reward for risk then one should not be in the market.

[winner69]

In the media this morning ….Brent being busy and talking to media a lot more eh

Oceania Healthcare is strengthening its foothold in Auckland’s eastern suburb of St Heliers after securing almost a hectare of prime residential properties in recent months next to its 1.3ha retirement development, The Helier.

Oceania chief executive Brent Pattison said the initial five properties and existing homes, would eventually feature additional villas and also act as a line-of-sight buffer to the newly opened development.

[winner69]

It was in this article ..may be paywalled

Penthouse sold Brent said


https://businessdesk.co.nz/article/p...-star-offering

[bull....]

did anyone ever consider that OCA are paying for these newspaper stories because sales are slow. its called marketing

[winner69]

All this stuff in the media saying how great Oceania blah blah blah all of a sudden probably a precursor to a capital raise in near future