OCA - Oceania Group - retirement villages

[Bjauck]

This is the first company in this sector to report covering the full period of Covid 19. It appears some people thought the effects would be less.

Well said.
No of unit sales was UP by 17.5%. Which other companies in the sector have achieved that or better in the same 12-month period?

Does there need to be a dose of reality for some in the wider share market with all the money sloshing around looking for a home and/or yield?

[allfromacell]

Well said.
No of unit sales was UP by 17.5%. Which other companies in the sector have achieved that or better in the same 12-month period?

Does there need to be a dose of reality for some in the wider share market with all the money sloshing around looking for yield?

39% sales increase in June as well

[fish]

Or maybe people are digesting the results before they comment too much ! There have been a lot of big statements made on this thread lately, bordering on ramping.

Posts on this thread have in general been very informative .
Results are as expected.
If you are disappointed do not blame others.
You will have learnt a lesson which is important and should never be forgotten if you want to grow your portfolio.

[850man]

First of the bunch to report including the Covid effect, got that one out of the way and it wasn't as bad as it could have been. Future looks promising. Be interesting when the others report over that same period.

[bull....]

This is the first company in this sector to report covering the full period of Covid 19. It appears some people thought the effects would be less.

probably price ran ahead of expectations , thats why i sold out before announcement. anyway performance of OCA relative to others in the sector over years is the worst bar met so everyone talking about long term holds for massive gains should check there history and keep living in hope

[peat]

Valuations assumption changes by the valuers do not surprise me and shouldn't have surprised anyone else because as at balance date 31 May, all the experts thought real estate prices would tank. Fact is they haven't which augers extremely well for the future.

And yet property writedowns are not that significant and are reduced by specific property gains.
eg (4.6)m

Change in fair value of investment property (21,724)
Change in fair value of right of use investment property 17,086


Also, there is way too much OTHER - 50m of expenses and 23m net of income!!

[bottomfeeder]

In this economic climate, its the long term potential to cope and be successful that is more important in setting value. While profit is always good, I'm not really concerned about the results or in fact the divvie.

Nothing changed, now I can move my MET money if it goes below 90.

[Beagle]

Nothing changed, now I can move my MET money if it goes below 90.

Predicting the future is always difficult but I think the pathway to future growth is clear enough such that those looking to buy at an opportunistic price are likely to be disappointed.

I think in the last 3 months of the year they would have struggled to break even. Pretty good result for 9 months of profitable operations.

[iceman]

Posts on this thread have in general been very informative .
Results are as expected.
If you are disappointed do not blame others.
You will have learnt a lesson which is important and should never be forgotten if you want to grow your portfolio.

fish you've completely misread my post. I was totally out of OCA by end of Jan and bought in again in a modest way on 24 March at 42 & 45c. Haven't bought or sold since then. I totally agree this thread has been very informative but it has been very very bullish. That's all I was saying. I still think the result today is reasonably good and am happy to hold this in my long term portfolio. But the unimputed dividends should STOP completely while borrowings are growing.

[Paradox]

Did anyone join the webinar and get further insights? Thanks