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  1. #3076
    Gnawing on Bones Beagle's Avatar
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    I believe all the new units sold were modest value care suites, (down the line somewhere, sorry forget where) so that would explain the lower profit per new unit.
    Second half should see the sale of plenty of much higher value apartments in Auckland.
    No butts, hold no mutts, (unless they're the furry variety).

  2. #3077
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    Quote Originally Posted by Beagle View Post
    I believe all the new units sold were modest value care suites, (down the line somewhere, sorry forget where) so that would explain the lower profit per new unit.
    Second half should see the sale of plenty of much higher value apartments in Auckland.
    In H119 they sold 2 more villas, 4 more care units but 16 less apartments than previous 6 months (H218)

    So average realised gains being down so much not really a case of selling heaps more care units but rather from selling a lot less apartments.

    So hopefully everything is weighted to the second half of the year eh
    “Imagination is more important than knowledge.”

  3. #3078
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    Boy the sentiment has certainly changed on this thread. A while ago OCA was the bees knees ,the cats pyjamas , OCA could do no wrong. Now Lola has pointed out that it was a private equity Sale.
    Private equity sale is Dick Smith, Intueri and many others that have swindelled investors out of millions. Head for the hills , the sky is falling in. Newbie investors take note the sharemarket is a very fickle place to invest. The sharemarket is not rationall. You may see the wise heads doing detailed financial analysis but in the end it is all about fear and greed nothing more nothing less.

  4. #3079
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    Quote Originally Posted by Brain View Post
    Boy the sentiment has certainly changed on this thread. A while ago OCA was the bees knees ,the cats pyjamas , OCA could do no wrong. Now Lola has pointed out that it was a private equity Sale.
    Private equity sale is Dick Smith, Intueri and many others that have swindelled investors out of millions. Head for the hills , the sky is falling in. Newbie investors take note the sharemarket is a very fickle place to invest. The sharemarket is not rationall. You may see the wise heads doing detailed financial analysis but in the end it is all about fear and greed nothing more nothing less.

    In fairness sentiment has only changed after the financials were released. You can't fault people for changing their mind or altering their view when new information is available, in fact I find it honorable.

    I agree with regards to being skeptical on any private equity sell off and personally am in no rush to load up on theses but am grateful to the free analysis posted here. I'm even more more appreciative of posters admitting when things may not be as rosey as they initially thought.

  5. #3080
    Trying to get outta here
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    Quote Originally Posted by Lola View Post
    Never forget this was a private equity sale ex an Aust vendor
    Exactly the same as SUM was, so how has that company done since listing.
    Last edited by couta1; 10-02-2019 at 07:20 AM.

  6. #3081
    percy
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    Quote Originally Posted by couta1 View Post
    Exactly the same as SUM was, so how has that company done since listing.
    Same as Scales,SCL, great for investors.

  7. #3082
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    Quote Originally Posted by Beagle View Post
    I believe all the new units sold were modest value care suites, (down the line somewhere, sorry forget where) so that would explain the lower profit per new unit.
    Second half should see the sale of plenty of much higher value apartments in Auckland.
    81 care units delivered at Bayview.

    Of new and existing unsold developments they sold:
    24 care suites
    24 apartments
    17 villas

    Seems evenly spread.

    Resales
    47 care suites
    8 apartments
    24 villas

  8. #3083
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    Average sales price for a new apartment fell from $978k to $772k in first half

    Probably location
    Last edited by winner69; 10-02-2019 at 10:22 AM.
    “Imagination is more important than knowledge.”

  9. #3084
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    Quote Originally Posted by percy View Post
    Same as Scales,SCL, great for investors.
    Not relevant. SCL was stolen off Hubbards investors by the receiver.

    Time will tell whether Oceania lives up to all the fashion hype that these Old People Farms generate. All I said was it was a PE deal ex an Aussie seller , so just consider that.

  10. #3085
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    Quote Originally Posted by allfromacell View Post
    In fairness sentiment has only changed after the financials were released. You can't fault people for changing their mind or altering their view when new information is available, in fact I find it honorable.

    I agree with regards to being skeptical on any private equity sell off and personally am in no rush to load up on theses but am grateful to the free analysis posted here. I'm even more more appreciative of posters admitting when things may not be as rosey as they initially thought.
    Thanks. I think most serious investors run the ruler over companies they invest in every time they report or make a material announcement.
    Thanks guys for posting sales analysis...I've been too busy this week dealing with Holden issues.
    No butts, hold no mutts, (unless they're the furry variety).

  11. #3086
    percy
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    [QUOTE=Lola;746695]Not relevant. SCL was stolen off Hubbards investors by the receiver.

    I happened to be a Scales shareholder when Hubbard and his co-horts ran it into the ground.
    The agm at The Chataeu on The Park was out of this world, with fine wines and crayfish.
    The agm at The ChCh Netball HQ when Hubbard and O'Sullivan glossed over serious questions from shareholders, was a disgrace.
    How Andy Borland turned it around was an act worthy of Houdini.

  12. #3087
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    Can someone please explain how "private equity sale ex an Aust vendor" potentially impacts OCA.
    Im sorry if a silly question but would really appreciate being educated a little further.
    Thanks

  13. #3088
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    Quote Originally Posted by aquaman View Post
    Can someone please explain how "private equity sale ex an Aust vendor" potentially impacts OCA.
    Im sorry if a silly question but would really appreciate being educated a little further.
    Thanks
    Macquarie interests floated the OCA IPO and is still the major shareholder. It's generally thought they will seek to further sell down at some time in the future. IPO's ex private equity funds have a very "mixed" history in NZ.
    Last edited by macduffy; 10-02-2019 at 02:14 PM.

  14. #3089
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    Quote Originally Posted by aquaman View Post
    Can someone please explain how "private equity sale ex an Aust vendor" potentially impacts OCA.
    Im sorry if a silly question but would really appreciate being educated a little further.
    Thanks
    it doesnt , just the previous very bullish people making up any reason whatsoever for there lack of research in the first place haha to justify there oh its not such a good investment anymore.
    bull

  15. #3090
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    Remember though at IPO time the sellers (McQuaries) wanted $1.03 until the institutions laughed and beat them down to 0.89. So that discounted the Private Equity rip-off factor. And also of course, as time passes the company becomes more understood so the Private Equity dump becomes less of a factor .
    For clarity, nothing I say is advice....

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