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  1. #6541
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Lot of discussion re moral / ethical behaviour of company / directors accepting government support when they make big profits

    So new Oceania finance guy working hard to get heaps of corporate welfare ...hmm

    We as shareholders should be pleased ...got to get every penny we can, from wherever.

    A business model dependent on the whims of govt policy?
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.

    Bond issue appears imminent. https://www.nzx.com/companies/OCA
    Good timing with interest rates at record lows. BNZ offered me 1.15% as their top term deposit rate just the other day...all banks will probably all be less than 1% in a few months
    Last edited by Beagle; 25-09-2020 at 07:51 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #6542
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    Bond offer only days away by the looks of it

    How many tens of millions they after ....or did they say something yesterday?

    Keep loading up the debt ...what possibly could go wrong?
    “What the wise man does in the beginning, the fool does in the end”

  3. #6543
    Hunting for more dog food Beagle's Avatar
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    LOL I knew you would say that. Bottom line is some companies are selling what they build and SUM other companies aren't
    In OCA's case they are diversifying their source of funding. In SUM other companies cases they have to keep making bond issues to the market multiple times because of the above mentioned issue.
    No butts, hold no mutts, (unless they're the furry variety).

  4. #6544
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    Will fix up......wrong part of original left...old eyes.
    Last edited by RTM; 25-09-2020 at 08:29 AM.

  5. #6545
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    Quote Originally Posted by Beagle View Post
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.
    ek2:
    Why is it perfectly logical ? Are you joking ? Is COVID caused by the Government?. Everyone has their hand out....who do you think pays ? Yes...I am a holder.

  6. #6546
    Hunting for more dog food Beagle's Avatar
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    Quote Originally Posted by RTM View Post
    Why is it perfectly logical ? Are you joking ? Is COVID caused by the Government?. Everyone has their hand out....who do you think pays ? Yes...I am a holder.
    State funded care is exactly that. OCA are caring for people as an agent for the state.
    No butts, hold no mutts, (unless they're the furry variety).

  7. #6547
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    Bit of a worry when Mav says this - Meadow bank” sales on track but not as strong as “Sands”. (there were actually 49 apartment deliveries of stage 4 . Earl`s number of 64 is incorrect so the fact they have only sold 34 so far is as per expectations)
    “What the wise man does in the beginning, the fool does in the end”

  8. #6548
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    Quote Originally Posted by Beagle View Post
    State funded care is exactly that. OCA are caring for people as an agent for the state.
    Oceania putting their hand out is transferring money from tax payer to shareholders. Yes...I do know it’s not as simple as that.

  9. #6549
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    $125m easy peasy - huge demand

    Hope they put it to good use
    “What the wise man does in the beginning, the fool does in the end”

  10. #6550
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    Smart move running a bookbuild to set the rate for these bonds. By early next month when the rate is set (5 October) rates will be plumbing all time fresh new lows.
    There will be heaps of demand as these are literally better than money in the bank as these are tradeable and most importantly NOT subject to the Reserve bank open banking resolution. I expect a rate close to 2%.
    No butts, hold no mutts, (unless they're the furry variety).

  11. #6551
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    Quote Originally Posted by Beagle View Post
    ... and most importantly NOT subject to the Reserve bank open banking resolution...
    Yeah, that.

    Grinds my gears.

  12. #6552
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    Are we going to see a break through the 1.05 today?

  13. #6553
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    Quote Originally Posted by thegreatestben View Post
    Are we going to see a break through the 1.05 today?
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    “What the wise man does in the beginning, the fool does in the end”

  14. #6554
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    MET raised $100m in a debt issue at 3% in September 2019 and history shows their share price took off shortly afterwards. I know debt and equity are inextricably related but I found it curious that shortly after MET raised those funds the shares took off. Those bonds are currently trading on the NZDX secondary market at just 2.05%.

    With OCA certain (in my opinion), to raise the full $125m at just on 2.0% one wonders if the shares will behave in a manner similar to MET and also take off soon ?

    Why would they, how does one explain this ? I do not have any answers but only one theory.
    In the process of doing a bond issue the company, its prospectus, (now known as a product disclosure statement) and its future prospects gets put in front of many powerful and influential investors and many of them ask why bother with a 2% bond return when I can get north of 5% dividend yield plus outstanding growth prospects ?

    I think this theory of mine has genuine merit so I have believed my own creative B.S. and bought even more this morning
    Last edited by Beagle; 25-09-2020 at 11:30 AM.
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  15. #6555
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    Quote Originally Posted by winner69 View Post
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    What meeting are you referring to winner?

  16. #6556
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    Quote Originally Posted by forest View Post
    What meeting are you referring to winner?
    Annual meeting was yesterday 2pm.

  17. #6557
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    Quote Originally Posted by Beagle View Post
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.

    Bond issue appears imminent. https://www.nzx.com/companies/OCA
    Good timing with interest rates at record lows. BNZ offered me 1.15% as their top term deposit rate just the other day...all banks will probably all be less than 1% in a few months
    The strange thing is though Beagle that household deposits with banks have not been reducing and I am starting to think a lot of those deposit holders are far too conservative and scared to invest them anywhere else except maybe Government Bonds https://www.rbnz.govt.nz/statistics/...sits-by-sector

  18. #6558
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    Quote Originally Posted by winner69 View Post
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    We're meeting half way at the moment, just scratching 1.07

  19. #6559
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    Quote Originally Posted by thegreatestben View Post
    We're meeting half way at the moment, just scratching 1.07
    Maybe the drunk monkey's have sobered up

    If so 115 here we come
    “What the wise man does in the beginning, the fool does in the end”

  20. #6560
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    yea im a holder again major resistance breached so lets see how it goes , 1.10 next resistance then 1.20 not much in between based on price action
    bull
    One step ahead of the herd

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