sharetrader
Page 257 of 270 FirstFirst ... 157207247253254255256257258259260261267 ... LastLast
Results 3,841 to 3,855 of 4041
  1. #3841
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    2,779

    Default

    Quote Originally Posted by Maverick View Post
    Annual report is due out in about five weeks time. I,m picking 55.1 million underlying profit.5.6% up on last year. That's a PE of 11.5 at $1.04. (I'm hopeful the market might be pleasantly surprised as low expectations are already baked into the share price)
    The result will be pretty unremarkable as their new units delivered will be mostly empty at this point. I'm thoroughly convinced the company will do very well indeed in the years to come but at this stage the underlying results will most likely appear very sluggish.
    Agree, sometimes its hard to bring oneself to buying future prosperity when the immediate future looks rather flat, but at these prices every few cents makes a big difference to long term yield. Accumulation is like that, patience building a book, enjoying suppressed prices. The future takes care of itself.

  2. #3842
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,514

    Default

    Quote Originally Posted by Baa_Baa View Post
    Agree, sometimes its hard to bring oneself to buying future prosperity when the immediate future looks rather flat, but at these prices every few cents makes a big difference to long term yield. Accumulation is like that, patience building a book, enjoying suppressed prices. The future takes care of itself.
    Agreed.
    However, sometimes you just have to stay solvent longer than the market stays wrong.!!..lol.
    It is called "conviction".
    Easier when the company such as OCA pays a divie.
    Last edited by percy; 16-06-2019 at 08:18 AM.

  3. #3843

  4. #3844
    Senior Member
    Join Date
    Dec 2015
    Posts
    852

    Default

    Great...when the economists said it is going to soar..normally will go down. Just the way the predicted interest rate....when they said it is going up....it is always down and vice versa

  5. #3845
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,586

    Default

    Quote Originally Posted by percy View Post
    Agreed.
    However, sometimes you just have to stay solvent longer than the market stays wrong.!!..lol.
    It is called "conviction".
    Easier when the company such as OCA pays a divie.
    Pretty dumb paying dividends (unimputed as well) when they have a negative free cash flow and need to borrow more to pay the divie ......as well a build more things
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #3846
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    13,514

    Default

    Quote Originally Posted by winner69 View Post
    Pretty dumb paying dividends (unimputed as well) when they have a negative free cash flow and need to borrow more to pay the divie ......as well a build more things
    Think you are right,and from the research I have read, they are expected to increase their divie.
    Last edited by percy; 16-06-2019 at 05:15 PM.

  7. #3847
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Location
    Canterbury
    Posts
    5,221

    Default

    Quote Originally Posted by winner69 View Post
    Pretty dumb paying dividends (unimputed as well) when they have a negative free cash flow and need to borrow more to pay the divie ......as well a build more things
    But is this what they are doing?

    Didn't went back into the financials, but according to 4-traders:

    https://www.marketscreener.com/OCEAN...10/financials/

    FY2018: 12.7 cents EPS, 4.7 cents dividend
    FY2019: 8.65 cents EPS, 4.93 cents dividend

    OK - I guess 2019 is still just a forecast, and from memory the earnings in the first HY have been pretty slim, but it still feels a bit premature to claim that they have to borrow money to pay the dividend - doesn't it?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  8. #3848
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,586

    Default

    Quote Originally Posted by BlackPeter View Post
    But is this what they are doing?

    Didn't went back into the financials, but according to 4-traders:

    https://www.marketscreener.com/OCEAN...10/financials/

    FY2018: 12.7 cents EPS, 4.7 cents dividend
    FY2019: 8.65 cents EPS, 4.93 cents dividend

    OK - I guess 2019 is still just a forecast, and from memory the earnings in the first HY have been pretty slim, but it still feels a bit premature to claim that they have to borrow money to pay the dividend - doesn't it?
    Net cash from ORAs get counted in Operating Cashflows but cash for building things get counted in Investing Cashflows

    Adjusting for this Operating Cash Flow F18 was $4m and they paid $13m out in divies (H119 cash outflow $4m and divies paid $16m)

    Borrowings went up $69m in F18 and another $35m in H119 —- that’s $104m of which $86m funded property things (spend less income from ORAs) and $18m towards divies.

    That’s how I see the cash money go round anyway
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  9. #3849
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Location
    Canterbury
    Posts
    5,221

    Default

    Fair enough - though admittedly, as soon as they sell their units (and we are talking here hopefully months, not years from now), this money should be back in the kitty. Might not be as bad as for some players in other industries who need many years to repay their investments.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  10. #3850
    An Awesome Cool Cat winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    24,586

    Default

    Quote Originally Posted by BlackPeter View Post
    Fair enough - though admittedly, as soon as they sell their units (and we are talking here hopefully months, not years from now), this money should be back in the kitty. Might not be as bad as for some players in other industries who need many years to repay their investments.
    Yep, it goes back into the kitty to build more things and not pay divies. Wouldn’t need to borrow as much to build things.

    Oceania a growth company I’m told

    If punters want income from Oceania they should sell a few shares every year.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  11. #3851
    Turn and burn Maverick's Avatar
    Join Date
    Dec 2017
    Location
    wanganui
    Posts
    282

    Default

    Just visited my last village on the tour, "meadow bank". This time I wanted to see a fully operational village with community areas fully functioning.Ordered garlic prawns for $16.50 and an Americano for $3.50($400-$4.50street value) an excellent meal and service BTW.
    I'll try to keep this post short,
    8 of the recently 48 delivered apartments ,stage 4, are now occupied,some selling for 2 million.
    All of last years delivered units are now full,
    The care suite deliveries appear well filled but the sales lady could not confirm numbers as this is not her area.
    The cafeteria staff, sales lady and groundsman ,once again,love working in the villages and under OCA management.
    The stages are now arriving BEFORE time deadlines as building systems are streamlined. Stage 4 was handed over one week ahead of schedule. Where in history of the world has this ever happened?
    Stage 5 now well underway and going even smoother.
    The finishing and final product offering ,as always, is superclassy, as stunning as the Sands is.
    Both of the residents I spoke to went to pains to tell me how happy they are there. One said the place is heads and shoulders above other offerings in the area she was choosing from,including RYM.

    This wraps up my tour and to some up in a few sentences
    I think this years upcoming result will appear rather poor as the recent new deliveries are fairly empty. I can't see SP will going anywhere soon upon the upcoming annual result. However, Next year will be a WHOLE different story, these offering will be all but full with the machine in full swing with years of continuous pipeline being developed. This is a fabulous company which is doing something quite special which has not yet been realised by the market or investors yet.

    My investment strategy in OCA comes from a quote on this forum" better to be two hours too soon than one muinute too late." So FOMO keeps me holding through this protracted desert patch. I continue to believe with great confidence "you just can't have too many"
    Last edited by Maverick; 18-06-2019 at 02:01 PM.

  12. #3852
    Member
    Join Date
    Oct 2017
    Location
    Wellington
    Posts
    118

    Default

    Quote Originally Posted by Maverick View Post
    Just visited my last village on the tour, "meadow bank". This time I wanted to see a fully operational village with community areas fully functioning.Ordered garlic prawns for $16.50 and an Americano for $3.50($400-$4.50street value) an excellent meal and service BTW.
    I'll try to keep this post short,
    8 of the recently 48 delivered apartments ,stage 4, are now occupied,some selling for 2 million.
    All of last years delivered units are now full,
    The care suite deliveries appear well filled but the sales lady could not confirm numbers as this is not her area.
    The cafeteria staff, sales lady and groundsman ,once again,love working in the villages and under OCA management.
    The stages are now arriving BEFORE time deadlines as building systems are streamlined. Stage 4 was handed over one week ahead of schedule. Where in history of the world has this ever happened?
    Stage 5 now well underway and going even smoother.
    The finishing and final product offering ,as always, is superclassy, as stunning as the Sands is.
    Both of the residents I spoke to went to pains to tell me how happy they are there. One said the place is heads and shoulders above other offerings in the area she was choosing from,including RYM.

    This wraps up my tour and to some up in a few sentences
    I think this years upcoming result will appear rather poor as the recent new deliveries are fairly empty. I can't see SP will going anywhere soon upon the upcoming annual result. However, Next year will be a WHOLE different story, these offering will be all but full with the machine in full swing with years of continuous pipeline being developed. This is a fabulous company which is doing something quite special which has not yet been realised by the market or investors yet.

    My investment strategy in OCA comes from a quote on this forum" better to be two hours too soon than one muinute too late." So FOMO keeps me holding through this protracted desert patch. I continue to believe with great confidence "you just can't have too many"
    Fantastic report Maverick, that helps a lot to understand when the next report comes. Thank you for sharing your own experience.

    This reminded me a bit what I read about Warren Buffet in the Elena Chirkova's book that he went to have dinner at a restaurant and chose to sit close to the counter so he could see how many people will pay with AMEX.

  13. #3853
    Member
    Join Date
    Jan 2018
    Location
    Wellington
    Posts
    189

    Default

    thanks Mav. great summary

  14. #3854
    Senior Member
    Join Date
    Mar 2001
    Location
    Auckland, , New Zealand.
    Posts
    1,223

    Default

    yeah thanks Maverick, we'll keep you on

  15. #3855
    Member
    Join Date
    Jun 2016
    Posts
    171

    Default

    My thanks also for a great report Maverick.

    I like that saying, ...'better to be 2 hours early than a minute late'. Has worked well for me.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •