OCA - Oceania Group - retirement villages

[winner69]

A real worry, good example, this boat was $249,000 in February, now $279,000 https://www.profileboats.com/models/...e-boats-800hw/ 12% cost increase in just 4 months !

My understanding is they're having to pay a lot more for skilled welders and boat builders, higher aluminum sheet prices and much higher freight costs. Trouble is OCA can't pass on price increases like this to its customers, whereas the boat manufacturers have rampant demand AND can and are passing on the full cost increase and probably a bit more for good measure.

Jeez .....hat ever was needed to recover increases surely the market price should be minimum of $299,000

Whose going to worry about that extra 20k

[Habits]

Jeez .....hat ever was needed to recover increases surely the market price should be minimum of $299,000

Whose going to worry about that extra 20k

You could get a nice ocean-going fishing boat through the police auctions pretty soon

[Habits]

Along with the nurses wage push and the construction cost increases, Retirement Commissioner Jane Wrightson is sinking her teeth into a juicy bit of OCA profit

"Wrightson, Consumer NZ, the Retirement Village Residents Association, the Law Society and many others are making louder calls for a review of the Retirement Villages Act 2003."

Sorry to say this but the sector will lag its previous good performance imo

[oldtech]

A real worry, good example, this boat was $249,000 in February, now $279,000 https://www.profileboats.com/models/...e-boats-800hw/ 12% cost increase in just 4 months !

Think that's expensive, wait until they have to replace that Yamaha or Mercury 350 HP motor with an electric one, in order to meet the Climate Change Commission requirements.

[winner69]

Oceania ASM next week

Seems no live coverage online .....physical meeting only

Poor show when going online seems pretty easy to do these days

One way of avoiding most shareholders ...and tricky questions.

[Beagle]

I might go along and might ask and awkward question or two.

[Dotbond]

I might go along and might ask and awkward question or two.

Please do, on behalf of those of us who live in the deep south, and else where that's not near Auckland. Forever grateful for you efforts and contribution Mr B.

Trev

[winner69]

I might go along and might ask and awkward question or two.

Even more reasons why there should be live coverage ........so we can see the directors squirm at questioning by a dog with a bone.

“I’ll get Brent to answer that one’ says The Chair

Or

‘Directors and management are available after the meeting to discuss such matters’.

[Maverick]

Just one small point lads, the meeting isn't this week , it's the following Thursday.
Don't want Beagle showing up for the free sandwiches and getting turned away.....sad dog!
See you there mate.

[bottomfeeder]

All rest homes are revising their prices as from 1 July. Government subsidies will also be revised. Wages increases should be factored into the new charges.