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25-01-2018, 09:14 AM
#811
Total assets increased by 160 mill to 1 billion, 360 units and care suites under construction, what's not to like here.
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25-01-2018, 09:32 AM
#812
At least morphing into a development company ....that’s good for the share price over time
Making less money from looking after (caring for) people by the looks of it ....that’s not so good for the share price
No profit upgrade ....maybe still to come
Fingers crossed share price will surge ahead today and tomorrow
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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25-01-2018, 09:34 AM
#813
 Originally Posted by winner69
At least morphing into a development company ....that’s good for the share price over time
Making less money from looking after (caring for) people by the looks of it ....that’s not so good for the share price
No profit upgrade ....maybe still to come
Fingers crossed share price will surge ahead today and tomorrow
Care revenue down mainly due to developement of care suites which lowers occupancy rates temporarily, but has a far greater payback down the track.
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25-01-2018, 09:37 AM
#814
Originally Posted by winner69
At least morphing into a development company ....that’s good for the share price over time
Making less money from looking after (caring for) people by the looks of it ....that’s not so good for the share price
No profit upgrade ....maybe still to come
Fingers crossed share price will surge ahead today and tomorrow
As they develop older villages,occupancy and care beds rates will be lower, as the older buildings are pulled down to make room for the new.
As you point out, morphing into a development company will drive the share price over time.
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25-01-2018, 09:39 AM
#815
Last year financing costs were 20m vs 2-3m likely this year so growth seen in earnings is not reflective of underlying operations growth.
Good result, in line with expectations.
TTM PE = 27x
FY18 PE = 14-17?
Anyone have any numbers on how 2H is supposed to go this year?
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25-01-2018, 09:40 AM
#816
Originally Posted by couta1
Total assets increased by 160 mill to 1 billion, 360 units and care suites under construction, what's not to like here.
Yes indeed
Book Value now $494m so on yesterday’s close trading at 1.3 times Book Value
SUM at about 1.8 times
Hope OCA catches up ..be worth $1.50 then
Last edited by winner69; 25-01-2018 at 09:48 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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25-01-2018, 09:48 AM
#817
Originally Posted by winner69
Yes indeed
Book Value now $494m so on yesterday’s close trading at 1.3 times Book Value
Not much different from SUM if that means anything
But which one is growing faster relative to size?
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25-01-2018, 10:47 AM
#818
Member
Originally Posted by couta1
Total assets increased by 160 mill to 1 billion, 360 units and care suites under construction, what's not to like here.
Pro forma underlying EBITDA only increased 8.6% to $25.3m from $23.3m. Pro forma underlying NPAT only increased 10.55% to $19.9m from $18.0m. Were we not expecting 40% increases in 2018?
Oceania will need a massive second half of year to meet the forecast Pro forma underlying EBITDA OF $62.2m and Pro forma underlying NPAT of $51.4m.
I'm not impressed by the result and it would seem the market is not overly impressed either. Plenty of shares traded hands at $1.05 this morning. I can see this falling to under $1 once again.
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25-01-2018, 11:00 AM
#819
Member
Originally Posted by BobbyMorocco
Pro forma underlying EBITDA only increased 8.6% to $25.3m from $23.3m. Pro forma underlying NPAT only increased 10.55% to $19.9m from $18.0m. Were we not expecting 40% increases in 2018?
Oceania will need a massive second half of year to meet the forecast Pro forma underlying EBITDA OF $62.2m and Pro forma underlying NPAT of $51.4m.
I'm not impressed by the result and it would seem the market is not overly impressed either. Plenty of shares traded hands at $1.05 this morning. I can see this falling to under $1 once again.
Underlying NPAT increased from 9m to 19.9m? wheres this 18m from?
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25-01-2018, 11:00 AM
#820
Originally Posted by BobbyMorocco
Pro forma underlying EBITDA only increased 8.6% to $25.3m from $23.3m. Pro forma underlying NPAT only increased 10.55% to $19.9m from $18.0m. Were we not expecting 40% increases in 2018?
Oceania will need a massive second half of year to meet the forecast Pro forma underlying EBITDA OF $62.2m and Pro forma underlying NPAT of $51.4m.
I'm not impressed by the result and it would seem the market is not overly impressed either. Plenty of shares traded hands at $1.05 this morning. I can see this falling to under $1 once again.
They going to sell many more units in H2 than H1 Bobby ...that’ll boost profits
Last edited by winner69; 25-01-2018 at 11:07 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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