OCA - Oceania Group - retirement villages

[bull....]

Fund manager Milford cuts exposure to housing stocks as market darkens

We are investing a lot less in housing-related stocks in New Zealand (including the retirement village operators)," Sweetman said.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12197920

yep pretty much sums up the sector

[Maverick]

Fund manager Milford cuts exposure to housing stocks as market darkens


We are investing a lot less in housing-related stocks in New Zealand (including the retirement village operators)," Sweetman said.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12197920

yep pretty much sums up the sector

I do agree Bull.. that is the sentiment out there. That's just how it is ...

What I like about OCA is it`s basic model (run by very respectable directors) -stripped right down, here it goes;
"I have an apartment i've built for you, you pay me up front for the whole price, then after 3.5 years (average) you give it back to me.... you pay for any repairs and upkeep.. I`ll give you 70 % of your money back....plus i'll look after you while you`re there- for an extra fee where I will make a few bucks as well."

All the time the apartment is naturally inflation adjusted. Enter the next resident, of which we know there will be an insatiable amount queuing up to move in.

Its that simple. I even feel a little dirty for typing this publicly but it's just how it is....

Some might get alittle bit turbulence queasy mean time but there are blue skies no later than 2 or 3 yrs ahead.

[couta1]

Fund manager Milford cuts exposure to housing stocks as market darkens


We are investing a lot less in housing-related stocks in New Zealand (including the retirement village operators)," Sweetman said.

https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12197920

yep pretty much sums up the sector

Would that be the same Milford that were bullish on Wynyard and a few other dogs. Lol

[winner69]

I do agree Bull.. that is the sentiment out there. That's just how it is ...

What I like about OCA is it`s basic model (run by very respectable directors) -stripped right down, here it goes;
"I have an apartment i've built for you, you pay me up front for the whole price, then after 3.5 years (average) you give it back to me.... you pay for any repairs and upkeep.. I`ll give you 70 % of your money back....plus i'll look after you while you`re there- for an extra fee where I will make a few bucks as well."

All the time the apartment is naturally inflation adjusted. Enter the next resident, of which we know there will be an insatiable amount queuing up to move in.

Its that simple. I even feel a little dirty for typing this publicly but it's just how it is....

Some might get alittle bit turbulence queasy mean time but there are blue skies no later than 2 or 3 yrs ahead.

Pretty complicated and many just won’t get it .....do you have a simpler more straightforward version?

[percy]

Build a retirement village.
Recoupe your capital by selling "right to occupy"units
Recouped capital then used to build another village,
Recoupe your capital by selling "right to occupy"units.
Recouped capital then used to build another village.
Recoupe your capital by seling "right to occupy" units.
Etc,etc etc etc etc etc.
At the end of the day with no addtional capital you own a great number of retirement villages.
Now each village generates not only on going fees,but huge unit resale profits.
I think it is the only legal ponzi scheme avaliable.
Like all great ponzi schemes the people who build the greatest number of units end up generating the most fess and resales.
"Big is good,bigger is better."[Another plaque for Beagle to get made.]...lol.
Ryman's market cap is now over $5 billion.NB.They have never been back to shareholders for more capital.!

[Beagle]

Hi Roger,

Good to hear from you and thanks for your inquiry.

Page 28 of the Interim report breaks out the operating expenses and for the RV segment shows a $5.9m increase period-on-period. Of this, footnote 5 discloses that $4.8m relates to the Everil Orr “right to use asset” which is a simple “in and out” in terms of $4.8m also being recognised in revenue in relation to Everil Orr.

The balance of the increase relates to higher advertising and sales commissions relative to the higher sales volumes in the period.

Response received from Earl after market close today. Dig some digging, looks okay. Everil Orr is leasehold facility wherein they split the ORA gains with the lessor and this split is accounted for as a lease payment or something to that effect, this makes my head hurt a bit. Some accounting rules are just designed to make life hard for financial statement readers....(sigh) If only all financial statements could be so easy to read and comprehend as HLG's (big sigh).

[janner]

I think it is the only legal ponzi scheme avaliable.!

Hmmmm. A Ponzi scheme... Legal or not.. All Ponzi schemes end in tears for some one Perc.

Disc. Hold OCA. ARV.

[Beagle]

Pretty complicated and many just won’t get it .....do you have a simpler more straightforward version?

LOL I think that is the simplest version mate.

[Yoda]

LOL I think that is the simplest version mate.

I think Winner was joking....... i think.......

[Ggcc]

Build a retirement village.
Recoupe your capital by selling "right to occupy"units
Recouped capital then used to build another village,
Recoupe your capital by selling "right to occupy"units.
Recouped capital then used to build another village.
Recoupe your capital by seling "right to occupy" units.
Etc,etc etc etc etc etc.
At the end of the day with no addtional capital you own a great number of retirement villages.
Now each village generates not only on going fees,but huge unit resale profits.
I think it is the only legal ponzi scheme avaliable.
Like all great ponzi schemes the people who build the greatest number of units end up generating the most fess and resales.
"Big is good,bigger is better."[Another plaque for Beagle to get made.]...lol.
Ryman's market cap is now over $5 billion.NB.They have never been back to shareholders for more capital.!

Banks must be happy to keep lending to Ryman as their debt seems to show up at over one Billion dollars.

https://www.marketscreener.com/RYMAN...72/financials/