OCA - Oceania Group - retirement villages

[Gunner]

I’m looking forward to upgrading my space bar button withthe proceeds from OCA. Might even splash out on a new keyboard.

Glad to hear you have a dictionary Bull.

[Beagle]

One thing with the Oceania share price in the mid 130's is that we can take solace with is that it's about what professional analysts come up with - even more so if we discount Forbars outrageous bullishness a little

Can't argue with professionals

Forbar's target price is $1.65 based on eps of 8 cps. For what its worth Maverick and I are very close at 10 cps for the 10 months to 31/3/21, (annualised 12 cps).
I know he has a massive position and my position in OCA is my largest listed investment position.

[winner69]

Forbar's target price is $1.65 based on eps of 8 cps. For what its worth Maverick and I are very close at 10 cps for the 10 months to 31/3/21, (annualised 12 cps).
I know he has a massive position and my position in OCA is my largest listed investment position.

Does my forecast EPS of 13 cents count?

Based on what Earl said it would be in 2020 and I’ve given him an extra year

[dompf]

If lvr restrictions are introduced it will definitely have an effect on house price rises. Hence why retirement stocks selling off

a study by the rbnz said so


The Reserve Bank’s initial estimates, published in a recent Analytical Note, are that LVR restrictions will result in 3-8 percent fewer house sales, 1-4 percentage point lower house price inflation and 1-3 percentage point lower housing credit growth over the first year that LVR restrictions are in place, than would have otherwise been the case.1

https://www.rbnz.govt.nz/financial-s...r-restrictions


looks like the smart money got out just at the right time .... 1.20 here we come lol

LVR restrictions were only lifted to combat Covid19 in May 2020 and are being reviewed in May 2021; anyway it was a temporary removal.

Overall housing market being stimulated by cheap interest rates that look like they will get even lower with FLP.

Banks still running 6-7% test rates for servicing affordability. Some banks haven’t even offered 80 LVR for investors so I’m doubting even if they are put back on early by Orr it’s going to make much difference while we are seeing historically low interest rates.

I mean what are Mum and dad investors that have a tidy sum in the bank going to do when the return on a rental property is far superior to the nominal bank interest they are getting?

[Beagle]

Does my forecast EPS of 13 cents count?

Based on what Earl said it would be in 2020 and I’ve given him an extra year

Absolutely mate. On an annualisied basis I think there's a very good chance you could be right ! If you're right we're all Winners

[bull....]

LVR restrictions were only lifted to combat Covid19 in May 2020 and are being reviewed in May 2021; anyway it was a temporary removal.

Overall housing market being stimulated by cheap interest rates that look like they will get even lower with FLP.

Banks still running 6-7% test rates for servicing affordability. Some banks haven’t even offered 80 LVR for investors so I’m doubting even if they are put back on early by Orr it’s going to make much difference while we are seeing historically low interest rates.

I mean what are Mum and dad investors that have a tidy sum in the bank going to do when the return on a rental property is far superior to the nominal bank interest they are getting?

who would want to own a rental going forward? the side effect of low rates is rising inequality leading to lots more non rent paying tenants of which some will smoke P and others will trash the place all things becoming a lot more common.

[bull....]

I forgot to add all those old folk in retirement units earning no interest on there term deposits going mad due to rolling lockdowns , trashing the retirement units etc some smoking P etc. retirement unit costs for maintenance etc likely to go up for operators

[dompf]

who would want to own a rental going forward? the side effect of low rates is rising inequality leading to lots more non rent paying tenants of which some will smoke P and others will trash the place all things becoming a lot more common.

I understand your point of view but clearly a lot of people still want them.

[Gunner]

I forgot to add all those old folk in retirement units earning no interest on there term deposits going mad due to rolling lockdowns , trashing the retirement units etc some smoking P etc. retirement unit costs for maintenance etc likely to go up for operators

Grannies smoking P?? Gosh!

[Beagle]

I forgot to add all those old folk in retirement units earning no interest on there term deposits going mad due to rolling lockdowns , trashing the retirement units etc some smoking P etc. retirement unit costs for maintenance etc likely to go up for operators

LOL...no need to attend the Russian circus currently in town...plenty of humor and clown acts right here