OCA - Oceania Group - retirement villages

[winner69]

Well, if property prices are going to collapse they need to collapse from an ever high high

REINZ March report

Median price March up 5.9% from Feb and 24.3% over last 12 months

https://www.reinz.co.nz/Media/Defaul...rch%202021.pdf

[850man]

Even if prices drop (trying not to scare myself with "collapse"), will it stop people buying into OCA accomodation? Likely not as their driver for moving from own home into OCA will not have changed, they may just not be getting as much as they would have liked for their present home.

[Panda-NZ-]

Aging medicine may come up with something effective by the time boomers need OCA level care. let's hope.

Nanomedicine plus some important advances in cell reprogramming have been made. It's certinately more worthy of scientific study.

[Cyclical]

Actually - they did. Just chew yourself through the Appendix 2 A they released today (https://announcements.nzx.com/detail/370675). They are applying to create new shares for exactly $20m (you need to know how many shares they had outstanding prior to this CR, subtract this number from the number of new shares they claim and multiply that with the price per new share). $20m - no oversubscription.

Only question left is - how they distribute these new shares.

Could it be that the option of oversubscriptions was poo pooed upon by the big boys who had to pay the full $1.30 per share? Unlikely, but just a thought.

[jg8512]

allotments are done. pleasantly surprised - given the extent of over-subscription. looks like they gave a high weighting to size of existing holdings. some will be disappointed though.

[Greekwatchdog]

Yes me too. Feel happy with what I received.

[jallison]

Yes me too. Feel happy with what I received.

How do you find what you have been allotted

[GAR]

I applied for the equivalent of 20% of my existing holding and received ~13%.

[GAR]

How do you find what you have been allotted

I logged onto Computershare.

[Wheelspanner]

Me too got only 13% of my holding.