OCA - Oceania Group - retirement villages

[warren]

That just proves that both OCA and ARV are fairly/correctly valued at the moment with most of the next years performance priced in (punters are bullish)

On the other hand SUM was up more than 3% over the week ....with the marketing starting to price in F18 expectations .....with a fair bit to go, making SUM the best bet of the three by a long way.

Well lets have a look cause I think your last point is totally barking --------

OCA Profit doubled to $42.5 million (that is up 121% Old chap)
OCA Cash flow (in my experience the KEY issue of all ) up 34% to over $17 M.
OCA Assets up to $1.0 Billion
360 units to be completed in the best areas of NZ (Milford and Brownsbay and I have visited both --they are utterly outstanding)

SUM profit up 45%
no mention of cash flow increases of which there will be.
Total Assets up to $1.9 billion

Both are looking like good attractive well run companies but to partake in SUM will cost you $5.62 (Geeeeez)
and to partake in OCA will cost you $1.02

Are you a serious Investor Old Chap ???????????????????/

[winner69]

Hey warren — please note that awesome cats don’t BARK

But then you probably meant to infer I was mad ......definitely not mad but I’ll forgive you for saying so this time

[Beagle]

Underlying EPS and the future growth of same is what counts. SUM companies have a very good record of growing same, others less so and therefore will command a lower PE multiple until they can prove themselves.

[warren]

Underlying EPS and the future growth of same is what counts. SUM companies have a very good record of growing same, others less so and therefore will command a lower PE multiple until they can prove themselves.

Hello Mr Beagle. Yes Agreed but hey you gonna pay $5.55 (down 2.8%) for that privilege and are you telling me OCA is not growing? I will tell you OCA is growing and fast and whats more earns most of its income from Aged Care which is backbreaking labor intensive and a sad business but as houses are gonna absolutely tank this winter I am delighted to have my $$ slanted to boring old unfashionable Aged Care (rather like W B's slanting towards boring old Insurance).
Geeez what a bargin I got today at $1.00 $ 42 Million Dollars profit --up 121%, bloody hell what a bargin.

[Hectorplains]

Hello Mr Beagle. Yes Agreed but hey you gonna pay $5.55 (down 2.8%) for that privilege and are you telling me OCA is not growing? I will tell you OCA is growing and fast and whats more earns most of its income from Aged Care which is backbreaking labor intensive and a sad business but as houses are gonna absolutely tank this winter I am delighted to have my $$ slanted to boring old unfashionable Aged Care (rather like W B's slanting towards boring old Insurance).
Geeez what a bargin I got today at $1.00 $ 42 Million Dollars profit --up 121%, bloody hell what a bargin.

SUM vs OCA debate

Pensioner 1: Who was the 1974 F1 drivers' champion?
Pensioner 2: Lauda.
Pensioner 1: WHO WAS THE 1974 F1 DRIVER'S CHAMPION?
Pensioner 2: LAUDA!
Pensioner 1: WHO WAS THE 1974 F1 DRIVER'S CHAMPION?
Pensioner 2: LAUDA!!!

etc etc

[warren]

SUM vs OCA debate

Pensioner 1: Who was the 1974 F1 drivers' champion?
Pensioner 2: Lauda.
Pensioner 1: WHO WAS THE 1974 F1 DRIVER'S CHAMPION?
Pensioner 2: LAUDA!
Pensioner 1: WHO WAS THE 1974 F1 DRIVER'S CHAMPION?
Pensioner 2: LAUDA!!!

etc etc

Hello Hector
What is your point? How have you enriched this forum? I will say most contributors here add value to the forum and add analytical value-----that makes this a most enjoyable forum to read.

[steveb]

Hey Warren have you ever been accused of ramping?

OCA is a hold at the mo certainly not a bargain(not bargin) but hey I bought some last week as well just to tuck away for when I retire

[Baa_Baa]

Hello Hector
What is your point? How have you enriched this forum? I will say most contributors here add value to the forum and add analytical value-----that makes this a most enjoyable forum to read.

I thought it was very funny. Lauda! Lol

Warren you make a good point but no need to labour it, there won't be a sudden 'eureka moment' where everyone agrees and sells their SUM (or other) to buy 5 or 10x more OCA. The rest home / care sector is and has been an eternal debate from the beginning of the second listing, it will go on ad infinitum, indeed it is almost a sport on this board. The people who don't engage in the debate very often typically own all of the listed companies in the sector. No need then to pick a winner because they're all winners and should be for many years to come. All the best.

BAA

[warren]

Hey Warren have you ever been accused of ramping?

OCA is a hold at the mo certainly not a bargain but hey I bought some last week as well just to tuck away for when I retire

Ramping ??. I had to look the meaning up in Benjamin Graham's textbook on real value in the market. Ah ha got it --It's what Sir Bob Jones used to assist in making his $600 million fortune.

No way----- not me old Chaps--that's a Scurrilous claim-----I just look for value such as $42 mill profit and 1 $ billion of assets all for a buck and an IPO (more risky than a moon shot) that delivers more than it says it will. (and that is the rarest investment pearl of them all)

[winner69]

Ramping ??. I had to look the meaning up in Benjamin Graham's textbook on real value in the market. Ah ha got it --Its what Sir Bob Jones used to assist in making his 600 million fortune.

No way----- not me old Chaps--that's a scurrilousness claim -----I just look for value such as $42 mill profit and 1 billion of assets all for a buck and an IPO (more risky than a moon shot) that does more than it says it will.

C'mon mate - at least do it properly. You need to shout Lauda

No way----- not me old Chaps--that's a scurrilousness claim -----I just look for value such as $42 mill profit and 1 billion of assets all for a buck and an IPO (more risky than a moon shot) that does more than it says it will.