OCA - Oceania Group - retirement villages

[Cadalac123]

I had a chance to recoup my losses from OCA when I first started investing years ago and it crashed for no reason. Glad to exit.. SP behavior is beyond strange.

[Waltzing]

certainly care is required with OCA as the profit and loss has included some very strange contra accounts over the years which seem to have vanished in this year and last year reports. If your under water on a long termer like this its often best to just leave it if you can. We got lucky several times on this one by just being patient. Easy to say but stocks are always a long term horizon just look at PEB which i forgot to follow in the end and missed the big money. Did not lose thought... only lost on AIR and prehaps one day ... far into the future we might get another go at it in say ... 5 to 10 years time? take the long view... these guys here are in for the long haul...and some of them are role models and provide the rest of us with some much needed balance ... like Mr B and M

[Bjauck]

...
'Bank of Mum and Dad' putting parents at risk

Where else are so many Aucklanders going to raise a deposit for a dwelling unless they are prepared to wait until middle-age or until their families have left home...? There are various social costs to having a housing shortage and unaffordable residential housing.

[bull....]

Where else are so many Aucklanders going to raise a deposit for a dwelling unless they are prepared to wait until middle-age or until their families have left home...? There are various social costs to having a housing shortage and unaffordable residential housing.

flat pack housing on the way with scale. your even get a guarantee of 10 yrs? on them

[Bjauck]

flat pack housing on the way with scale. your even get a guarantee of 10 yrs? on them

No use without a suitable area of free land!

[RTM]

Trying to get my head around this announcement.
What does this mean ? That the dividend is essentially "free" to Oceania as they just issue stock to cover it ?
And us poor pensioners who need the dividend are progressively diluted ? Is my understanding correct ?
Does this happen with other companies ? Not sure I've seen it before. I wonder how long this continues ?


"On 23 July 2020 Oceania Healthcare Limited announced its final dividend of
1.2 cents per share is payable on 17 August 2020 to those shareholders on the
record date of 5.00pm on 3 August 2020.

Oceania also advised that its dividend reinvestment plan (DRP) would apply to
the dividend, for those shareholders that elect to participate by 5.00pm on 4
August 2020. Under the DRP, shares are offered at a 2.5% discount to the
volume weighted price of Oceania shares traded through the NZX Main Board in
the 5 trading days starting on 31 July 2020.

Oceania advises that it intends to enter into an underwriting agreement with
Macquarie Securities (NZ) Limited, under which shares equivalent to the
portion not taken up by Oceania shareholders under the DRP would be issued to
the underwriter on 17 August 2020 on the same terms as offered under the DRP. "

[winner69]

Trying to get my head around this announcement.
What does this mean ? That the dividend is essentially "free" to Oceania as they just issue stock to cover it ?
And us poor pensioners who need the dividend are progressively diluted ? Is my understanding correct ?
Does this happen with other companies ? Not sure I've seen it before. I wonder how long this continues ?


"On 23 July 2020 Oceania Healthcare Limited announced its final dividend of
1.2 cents per share is payable on 17 August 2020 to those shareholders on the
record date of 5.00pm on 3 August 2020.

Oceania also advised that its dividend reinvestment plan (DRP) would apply to
the dividend, for those shareholders that elect to participate by 5.00pm on 4
August 2020. Under the DRP, shares are offered at a 2.5% discount to the
volume weighted price of Oceania shares traded through the NZX Main Board in
the 5 trading days starting on 31 July 2020.

Oceania advises that it intends to enter into an underwriting agreement with
Macquarie Securities (NZ) Limited, under which shares equivalent to the
portion not taken up by Oceania shareholders under the DRP would be issued to
the underwriter on 17 August 2020 on the same terms as offered under the DRP. "

Sort of correct on both counts

‘Free’ to the extent that they use very little cash in paying the divie (the cash dividends they pay are covered by Macquarie)

Yes, if you take cash instead of shares there will be some dilution (progressively as you say)

But at the end of the day Oceania gets a bit more capital

And the taxman gets his share from you.

[Maverick]

So MAQ want out , then they want back in. They must see something still of value in this ol' dog.

[BlackPeter]

So MAQ want out , then they want back in. They must see something still of value in this ol' dog.

Get in low, get out high - that's a game MAQ seems to master. Shareholders better listening ...

[winner69]

So MAQ want out , then they want back in. They must see something still of value in this ol' dog.

Maybe just in for a quick buck .....take the discount and maybe a few cents more over a few days.