OCA - Oceania Group - retirement villages

[ValueNZ]

Serious investor?

Apologies. Anyone with a brain.

[Leemsip]

Surely the equity value is the markets assessment of the cash OCA can produce.

Flavours of Sailor Rob there, hinting that others arent serious investors. Bit of humility needed, loads of successful investors on here with different strategies. Particularly now, its a funny old time on the sharemarkets generally, lots of sh!t cos going up like crazy. Shame not to join the party IMHO. Cause celebre probably doing ok with crypto this year... awesome

[Bjauck]

Surely the equity value is the markets assessment of the cash OCA can produce.

Flavours of Sailor Rob there, hinting that others arent serious investors. Bit of humility needed, loads of successful investors on here with different strategies. Particularly now, its a funny old time on the sharemarkets generally, lots of sh!t cos going up like crazy. Shame not to join the party IMHO. Cause celebre probably doing ok with crypto this year... awesome

Not with respect to the NZX50. We are on the NZX threads. It is only up by 1.5% (including dividends too) this year, so hardly a crazy increase. That is after a drop last year too. Perhaps your focus is on foreign markets?

[Baa_Baa]

Not with respect to the NZX50. We are on the NZX threads. It is only up by 1.5% (including dividends too) this year, so hardly a crazy increase. That is after a drop last year too. Perhaps your focus is on foreign markets?

Apologies off topic, but couldn't resist ... there are 36 shares up over 10% and 79 in the green. 19 are up more than 15% and 9 are up more than 20%. This is since the NZX open 2024. Unfortunately this does not include OCA which is down 18%

[Balance]

Good thing no serious investor would value this company off it's equity value. What's important is the cash it can produce.

Out of interest, do you know how OCA values its assets?

And on what basis?

[Daytr]

According to the last financial report they get two valuations from commercial property brokers.

So the next valuation I assume will wipe out circa $200M plus of asset value + whatever they have completed in that time.
Very approximate.

[ValueNZ]

Out of interest, do you know how OCA values its assets?

And on what basis?

Yes roughly.

The investment properties are recorded at fair value by an independent auditor.

[ValueNZ]

Surely the equity value is the markets assessment of the cash OCA can produce.

Flavours of Sailor Rob there, hinting that others arent serious investors. Bit of humility needed, loads of successful investors on here with different strategies. Particularly now, its a funny old time on the sharemarkets generally, lots of sh!t cos going up like crazy. Shame not to join the party IMHO. Cause celebre probably doing ok with crypto this year... awesome

Shame not to join the party... As in sell what is cheap to buy what is expensive? Thanks for the advice.

[Bjauck]

Apologies off topic, but couldn't resist ... there are 36 shares up over 10% and 79 in the green. 19 are up more than 15% and 9 are up more than 20%. This is since the NZX open 2024. Unfortunately this does not include OCA which is down 18%

Original post was ambiguous. I read “cos” as an informal “because”’. However OP may have meant “companies” so fair enough. There is always a wide disparity in performances for various reasons. There are 181 listings on the NZX from big to small. So if some dreadful companies have shot up, maybe some good as well as bad companies have gone backwards…including OCA. Overall the market has been fairly flat so far.

mpg down 27%, peb down 26%, Kmd down 20%, sct down 20%, hgh down 18%. RYm down 18%, SKL down 11% etc.

In NZD terms, and in capital terms European markets are up an average 10% and S&P500 is up 15%

[Baa_Baa]

Original post was ambiguous. I read “cos” as an informal “because”’. However OP may have meant “companies” so fair enough. There is always a wide disparity in performances for various reasons. There are 181 listings on the NZX from big to small. So if some dreadful companies have shot up, maybe some good as well as bad companies have gone backwards…including OCA. Overall the market has been fairly flat so far.

mpg down 27%, peb down 26%, Kmd down 20%, sct down 20%, hgh down 18%. RYm down 18%, SKL down 11% etc.

In NZD terms, and in net terms European markets are up an average 10% and S&P500 is up 15%

What's your point and what does it have to do with OCA? You implied (maybe said in a way) that the NZX is a dog market, when it's not at all for specific shares, it's only a dog if one has a market index, or the shares that the market currently thinks are worth less than they might be through the eyes of a value investor.

But that must surely be the definition of opportunity, seeing value in underpriced shares, and getting some, or some more? If you value a market and its shares by the share price that the market affords it, then you will miss any opportunity to get some, or get rid of some, when the time seems right to do so.

I think that your generalism on this was the undoing of your argument. As far as OCA is concerned, imho it would be wise to ask oneself whether now or around now is a good value investment, be it to get some, or accumulate a few more. I'm in the later having gone overweight OCA. It's cheap, cheap as, and in a year or two from now I expect to be proven right, by the market who right now are mis-pricing OCA, to our advantage.

Carpe Diem.