OCA - Oceania Group - retirement villages

[Habits]

nntracknforbthisvto = on track for this to ... be our year

Am with you onbthag hehe

[winner69]

nntracknforbthisvto = on track for this to ... be our year

Am with you onbthag hehe

Sorry mate …had eye surgery the other day and seem to miss the space bar a lot

[alokdhir]

Sorry mate …had eye surgery the other day and seem to miss the space bar a lot

Too much screen time mate ...eyes are more important then enlightening masses ...take care buddy ...stay away ...we will understand

[Habits]

Sorry mate …had eye surgery the other day and seem to miss the space bar a lot

Bugger that's eyeful, I mean awful. You take care until mended. We enjoy your witty posts W69

[Aaron]

Interesting article in the herald this morning explaining that there is not much money in care units.

Beagle and others have been telling us this for a long time.

[mistaTea]

Interesting article in the herald this morning explaining that there is not much money in care units.

Beagle and others have been telling us this for a long time.

Link?

Whoever wrote it obviously doesn’t understand float! LOL.

[alokdhir]

Interesting article in the herald this morning explaining that there is not much money in care units.

Beagle and others have been telling us this for a long time.

There is not much money but good demand for care units ...it helps selling thus increase float and so on ...not every aspect of business shud be profit centre on its own ...need see. best outcome for business as a whole....so if offering care units leads to growth then it helps ...also I believe OCA have an advantage over competitors in this area .

[Aaron]

Link?

Whoever wrote it obviously doesn’t understand float! LOL.

Can't seem to find the article on the online version. Sometimes they will print business desk articles that do not show up in the herald online.

The float would not relate to the care business, if I understand it correctly it relates to the development side. I assume the float is the chunk of money the village operators get to use while they wait for the tenants to cark it. If you have reinvested into more and more expensive land and then building more and more expensive villages paying smaller and smaller returns, I do not know if it is that big of an advantage. I guess it will over time assuming the next 30 years is like the last 30 years.

I imagine rate cuts now while inflation is still running hot would do wonders for the retirement village operators share price.

Here is a link to another article this morning. Inflation at 4% or 33% over the top end of Adrian's target or 50% over the mid range. The article is about when economists think that rates will be cut, which really is all we need to know in the world of speculating. Iranian drone strikes on Israel, that might hurry it along unless rising petrol prices push up prices generally. Bad news is good news, so Monday might be a good day for stocks.

https://www.nzherald.co.nz/business/...PYUUWZKU3IIWI/

[Sideshow Bob]

https://www.nzx.com/announcements/429532

Sales

Oceania has had strong new sale volumes with a circa 20% increase and resale volumes have increased circa 14% over the 12 month period to 31 March 2024 compared to the twelve month period to 31 March 2023. Oceania is also pleased with increased enquiry levels compared to previous periods, as well as welcoming private paying care residents into The Helier.

Divestments

Oceania has continued progress with its divestment programme since the FY2024 interim results in November 2023, when the sale of two Auckland sites was announced. Oceania settled the sale of a parcel of land in Nelson, in December 2023, and a further three sites are currently under contract for sale, at various stages of completion. The three current transactions are on track to complete in the first quarter of FY2025. This will bring the total number of sites exited, divested and closed since the start of FY2024 to nine, with aggregate gross sales proceeds of circa $40m and in line with book value.

Developments

Oceania has completed a total of 182 development units in the 12 months to 31 March 2024. In FY2025 Oceania intends to complete deliveries of a further 224 units at Elmwood in Manurewa, Awatere in Hamilton and Waterford in Hobsonville Point.

Executive Leadership and Appointments

Two recent appointments have been made to Oceania’s Executive Team with Claire Fisher joining the team on 15 January 2024 in the role of Chief Legal and Risk Officer and Tracey Taylor on 28 February 2024 in the role of Chief People Officer. CEO Brent Pattison said “We are delighted to welcome both Claire and Tracey to the team. Both individuals bring a wealth of experience and complete the Executive Team.”

Reporting Matters

The full year financial results to 31 March 2024 will be announced to market on Friday 24 May 2024.

This announcement has been authorised for release by Oceania’s board of directors.

[thegreatestben]

Looks like they heard the message on communication