OCA - Oceania Group - retirement villages

[Bjauck]

Absolutely 100% agree. Disgraceful is the only word to describe this.

She may have been trying to get around her promise not to introduce a general CGT. Why tell a lie that interest expense deductions were a loophole though? She could have stopped the carrying forward of losses from the current year to the next coupled with a higher investor deposit requirement and an extended bright line test. Then they could have given the explanation that the Covid response necessitated them breaking their word on the bright line issue.

Did they avoid being upfront with their plans last election as they would have been unlikely to have won or to have got the share of the vote they actually got in the election with the policies they have now revealed?

[Waltzing]

"But then I'm a socialist."

its where it leads too.... if you dont have the economy then your stuffed....

this is both panic and a slippery slope. Its where it leads not one small step but this time its a sprint as the rain threatens to brings down the mountain above you... thats where your at right now. There's a lot of water building up in the hills and your about to run for higher ground. In fact your running right now for that high ground because they saw an opportunity to cross the Rubicon.

[dobby41]

And if you have to track days in your houses imagine the fun and games with that..

You don't really - you are overstating things for effect I suspect.
Won't be hard to track that you moved and rented out the family home for a while.

[macduffy]

Does anyone have any thoughts on how many shares realistically retail shareholders will receive under the share offer? I presume it will be scaled down based on a percentage of your current holdings.
Of course you can apply up to 50k, but no real point tying up cash and see a majority of it being refunded.

What do you think? 10-20% of current holdings?

No idea, really, but I'm aiming to scrape together as much as I have sitting around earning "nothing", to take a chance on the lottery!

[newtrader]

Dilution is something like 13% and I suppose that this is what they will give everybody who asks for it as a matter of course ... i.e. I'd assume if not everybody participates we might get something like 15% of existing shares. 20% feels quite optimistic, but if you don't need the money for the next three weeks or so - why not try?

I noticed that you need a CSN number to apply for this offer. ̶T̶h̶i̶s̶ ̶m̶a̶y̶ ̶n̶e̶e̶d̶ ̶t̶h̶o̶s̶e̶ ̶w̶h̶o̶ ̶h̶a̶v̶e̶ ̶t̶h̶e̶i̶r̶ ̶s̶h̶a̶r̶e̶s̶ ̶h̶e̶l̶d̶ ̶b̶y̶ ̶a̶ ̶c̶u̶s̶t̶o̶d̶i̶a̶n̶ ̶(̶e̶.̶g̶.̶ ̶S̶h̶a̶r̶e̶s̶i̶e̶s̶)̶ ̶m̶a̶y̶ ̶n̶o̶t̶ ̶b̶e̶ ̶a̶b̶l̶e̶ ̶t̶o̶ ̶e̶a̶s̶i̶l̶y̶ ̶a̶p̶p̶l̶y̶ ̶f̶o̶r̶ ̶t̶h̶i̶s̶ ̶s̶h̶a̶r̶e̶ ̶o̶f̶f̶e̶r̶.̶ EDIT - this is incorrect
Given the dilution of 13%, between 15% and 20% seems to be the expected range?

[Sideshow Bob]

I noticed that you need a CSN number to apply for this offer. This may need those who have their shares held by a custodian (e.g. Sharesies) may not be able to easily apply for this share offer.
Given the dilution of 13%, between 15% and 20% seems to be the expected range?

Hit $1.31 earlier. For 1c and a bit of brokerage, maybe betterer to by on-market??

[justakiwi]

Sharesies investors can participate. We were even able to apply for the initial Placement Offer, which I do not understand.

I noticed that you need a CSN number to apply for this offer. This may need those who have their shares held by a custodian (e.g. Sharesies) may not be able to easily apply for this share offer.
Given the dilution of 13%, between 15% and 20% seems to be the expected range?

[James108]

Has the "typical mum and Dad investor" really got one or two rental properties?? Doesn't everyone want to get ahead and build a decent life for their family??

I guess I see the Govt's latest move as as the first comprehensive attempt to deal with our chronic structural shortage of housing in the last thirty years. That is more important to me (because the housing shortage has effects that fall disproportionately on the "have nots" and which go right across health, education, and justice, than an additional impost on people who own several houses.

And of course I am strongly in favour of measures that promote a more equal society (nearly everyone is healthier and happier). But then I'm a socialist.

Disc: bought 120,000 OCA at 135 yesterdayi

I agree and off the back of this I intend to vote labour at the next general election for the first time in my life. Lots of the YoPros in my office in their 20's and early 30's feel the same.

I disagree with calling it a loophole though.

[Beagle]

where there is a will theres a way and already one young turk ACA proposed a new private company structure for house rentals last year.

Imagine the business coming the way of the accounting profession....

commercial property could be the next sector to become very very inflated and money flows into that.

It won't matter what "vehicle" a residential property is owned by. The new draconian envy penal tax will still apply.

Has the "typical mum and Dad investor" really got one or two rental properties?? Doesn't everyone want to get ahead and build a decent life for their family??

I guess I see the Govt's latest move as as the first comprehensive attempt to deal with our chronic structural shortage of housing in the last thirty years. That is more important to me (because the housing shortage has effects that fall disproportionately on the "have nots" and which go right across health, education, and justice, than an additional impost on people who own several houses.

And of course I am strongly in favour of measures that promote a more equal society (nearly everyone is healthier and happier). But then I'm a socialist.

Disc: bought 120,000 OCA at 135 yesterdayi

Better there than as a deposit on a new rental property. There were other ways to address this rather than completely turn 100 years of tax law on its head. This is a naked and extremely ugly anti business tax grab plain and simple. What's next a wealth tax ? Calling it "closing a loophole" is propaganda that would make Xi Jinping sit up and takes notes on how to copy.

Now we appear to live in an extremist left leaning country I for one am not sure I will bother to add to my position at $1.30. Probably better off buying WHS shares where Cindy has already exerted her bully boy tactics to coerce them to repay the wage subsidy.

[Waltzing]

"Won't be hard to track that you moved and rented out the family home for a while."

in your busy llfe over an n period and your a professional flying in and out of country's and you have more than one house...

its going to be a royal pain in the .... another item to track... the items to track will grow..