OCA - Oceania Group - retirement villages

[Snow Leopard]

And to think that back in January Beagle could not run this very same company down enough

But it is good that he has seen the light, been blinded by it even

[Beagle]

Lot of money to be made when the point of the development transformation inflection occurs. I always said 3 years in and half way through the development transformation program would be a great time to invest. You appear to have not much to do so go back and have a look if you like

[Beagle]

Purr-sonally I still regard it as early days on this one, and have factored in a conservative overall growth rate for the next few years.

Based on that I have a current value of $1.23 and a one year forward value of $1.30.
The dividends at about 4% make it slightly better than a term deposit but with the added bonus of, hopefully, a long term appreciation in underlying value.

I own as many of these as I am comfortable with at present and I am not looking to add any more.

I also have a similar size holding in ARV, but nothing of the rest.

DYOR

From 16/11/2018.
Purr-sonally I'm thinking you think it must be worth quite a bit more than $1.30 by now
I could repost plenty of my own favorable posts from 2018 too if you like

[Curly]

Yes I do recall Snow, MET was getting all the pumping when it was clear back then that there was a far greater prospect of doubling your money in OCA than MET.

[winner69]

And to think that back in January Beagle could not run this very same company down enough

But it is good that he has seen the light, been blinded by it even

Blinded by the Light was a cool movie

Even shed a tear

[Beagle]

Yes I do recall Snow, MET was getting all the pumping when it was clear back then that there was a far greater prospect of doubling your money in OCA than MET.

Smart Beagles know you can hunt more than one rabbit at a time.
Attachment 11989

[Waltzing]

Not blinded by the light , "Seen the light", "walked into the light", " walked too the light", "shined a light upon", "lighted upon" ,"i (mr B) am the light"...." Mr B is the light", "Follow the lighted way", "walk the path unto the light"... "the good lord has shown us a path to the light".. "take us to the light"... if the light dim's we shall of course sell, else we will walk to the promise land... and one day may book in .....

[Bjauck]

Yes I do recall Snow, MET was getting all the pumping when it was clear back then that there was a far greater prospect of doubling your money in OCA than MET.

There was also the very real possibility that rest homes (and retirement villages too) could have been as badly affected by corona virus as in Victoria or even as bad as in the USA or UK. By good managements and comparatively swift reaction by the government that did not happen*. The resilience and strength of real estate has also taken many by surprise too.

* To date.

[Baa_Baa]

There was also the very real possibility that rest homes (and retirement villages too) could have been as badly affected by corona virus as in Victoria or even as bad as in the USA or UK. By good managements and comparatively swift reaction by the government that did not happen*. The resilience and strength of real estate has also taken many by surprise too.

* To date.

You might know that rest homes have strict protocols around infectious diseases and don’t need the government to tell them when to lock down, in fact they don’t follow the government, when the country was in level 2, the rest homes I know of were effectively in level 4 with very strict protocols

[Beagle]

Rate set day tomorrow for the bonds http://nzx-prod-s7fsd7f98s.s3-websit...397/331562.pdf
Could we see a new all time low for 7 year bonds issued in N.Z. of under 2% ?