OCA - Oceania Group - retirement villages

**Beagle** · 25-06-2021, 11:16 AM

Originally Posted by winner69

If there was it would have been a slip of the tongue while chatting post meeting

Oceania not in habit of giving guidance / indications

After all it is a long term story and updates evry half year are more than sufficient

Trust them

Very true that. NTA has increased very nicely over the years.

Any thoughts and reflections you'd care to share on the meeting Maverick ?

**Greekwatchdog** · 25-06-2021, 11:22 AM

Thanks W69. Stuck in bottom draw not too be seen for 5 years.

**Maverick** · 25-06-2021, 01:05 PM

Well all.....just a quick response from the meeting from some mall somewhere in Auckland.
The meeting was perhaps the most positive and helpful I've ever attended.
The directors were free and willing to engage after the show.
Taken away a good 10 nuggets from several private discussions.
I'm not prepared to go into detail now and maybe not even when I get home but suffice to say that the directors, the vibe amongst them and some figures mentioned privately are most impressive.
The overall single summary from the multiple interactions is that things are exceeding expectations.
I know the oca numbers well and I didnt detect a scrap of BS . In fact these guys really are knowledgable and accurate.
Brent was most impressive on and off display.
I remain just as bullish on this company as I have been.

I'll no doubt get back next week to spill a few beans ( but not all as some I think are meant to stay private).

Disc. One very , very happy holder.

**justakiwi** · 25-06-2021, 01:09 PM

That’s great to hear! Thanks for the update, and it was nice to hear your questions at the meeting, and put a voice to your name

Originally Posted by Maverick

Well all.....just a quick response from the meeting from some mall somewhere in Auckland.
The meeting was perhaps the most positive and helpful I've ever attended.
The directors were free and willing to engage after the show.
Taken away a good 10 nuggets from several private discussions.
I'm not prepared to go into detail now and maybe not even when I get home but suffice to say that the directors, the vibe amongst them and some figures mentioned privately are most impressive.
The overall single summary from the multiple interactions is that things are exceeding expectations.
I know the oca numbers well and I didnt detect a scrap of BS . In fact these guys really are knowledgable and accurate.
Brent was most impressive on and off display.
I remain just as bullish on this company as I have been.

I'll no doubt get back next week to spill a few beans ( but not all as some I think are meant to stay private).

Disc. One very , very happy holder.

**jimdog31** · 25-06-2021, 01:17 PM

Originally Posted by Maverick

Well all.....just a quick response from the meeting from some mall somewhere in Auckland.
The meeting was perhaps the most positive and helpful I've ever attended.
The directors were free and willing to engage after the show.
Taken away a good 10 nuggets from several private discussions.
I'm not prepared to go into detail now and maybe not even when I get home but suffice to say that the directors, the vibe amongst them and some figures mentioned privately are most impressive.
The overall single summary from the multiple interactions is that things are exceeding expectations.
I know the oca numbers well and I didnt detect a scrap of BS . In fact these guys really are knowledgable and accurate.
Brent was most impressive on and off display.
I remain just as bullish on this company as I have been.

I'll no doubt get back next week to spill a few beans ( but not all as some I think are meant to stay private).

Disc. One very , very happy holder.

I appreciate it Mav, but wouldn't those conversations be in breach of their disclosure duties?!

**Maverick** · 25-06-2021, 01:22 PM

Originally Posted by jimdog31

I appreciate it Mav, but wouldn't those conversations be in breach of their disclosure duties?!

85% of human comunication is not the words used and some numbers used may or may not be " breaching" anything. The directors were careful but slips always happen and I wouldnt want to discourage that.

**jimdog31** · 25-06-2021, 01:23 PM

Originally Posted by Maverick

85% of human comunication is not the words used and some numbers used may or may not be " breaching" anything. The directors were careful but slips always happen and I wouldnt want to discourage that.

Haha so there was plenty of wink, wink, nudge nudge.......

**Beagle** · 25-06-2021, 02:22 PM

Thanks for attending, asking questions and for your feedback Mav, much appreciated. OCA is a sound way to build wealth over the long term. I'm expecting good eps growth in FY23 and beyond, not very much in FY22 but this is a good year to be building one's position gradually for the future while the shares are at a very modest premium to NAV.

My concerns about human resource cost growing much faster than Govt funding remain but the ongoing transformation of OCA's business model with gradually overtake this headwind over time. Slow and steady wins the race !

Hound dog's rating : Accumulate on any untoward share price weakness.

P.S. I think I've found a new home for my KPG money realized the other day. Very safe bet that OCA's NTA growth is going to outperform KPG's NTA growth in the next 5 years.

**Curly** · 25-06-2021, 02:24 PM

Thx Mav, looking forward to your up coming posts. OCA very under rated by market currently when you look at Arvida sp. at one point only 20c separated the two. Now its around 50c. Just received OCA div advice, nice.