OCA - Oceania Group - retirement villages

[dobby41]

Its by no means the only forum where the veracity of the companies balance sheet as it was originally structured was questioned. Some of us as far back as 2014 made the observation that some pretty dramatic balance sheet restructuring was needed and it is pleasing that the company directors took those comments on board and used the full net proceeds of the IPO to effect exactly that outcome. The company is far better positioned now going forward.

Wow again - comments from here even make the Directors take note on how to run the company.
Power indeed.

[dabsman]

My comments to my gf don't even get me a cooked dinner? Where have I gone wrong?

[Beagle]

My comments to my gf don't even get me a cooked dinner? Where have I gone wrong?

LOL I am sure the investment bankers and analysts involved in the float gave them the message loud and clear that they needed to get their balance sheet in tip top shape to bring it to market by IPO. They're the ones that were really listened too and probably don't have any problems getting a hot cooked meal from their partners at the end of a day either.

[Beagle]

I fired up the Delorean, lucky I bought Meridian shares for the 1.2gw of power.

OK back from next Tuesday, yes we have 1.15! Also Matiria has resigned and America's gone to defcon 1.

LOL...back on subject, I would think that not only does the closing of these privately run late stage care centers throw up interesting acquisition opportunities but also in the meantime it ensures that Oceania's care facilities are running at very close to 100% occupancy, (a little birdie tells me yet another privately owned care center in Wellington is in real trouble).

[aajm1490]

Hi all,

Apologies for being slightly off-topic; I'll keep this as short as possible.

Colmar Brunton is conducting some research on behalf of the Financial Markets Authority (FMA) about what information investors find most helpful to make informed decisions about particular investments. This will help the FMA improve product disclosure documents to make them more useful for investors. We're looking for people to take part in paid research interviews at our Auckland and Wellington offices in late August.

We'd like to talk with you if you have recently invested, or seriously considered investing, in the recent Oceania IPO.

Your contact details and the feedback you provide in interviews will be completely annonymised and will not be used for any other purpose. If you are interested in taking part, please email ali.ajmal@colmarbrunton.co.nz with your contact details including a phone number.

Cheers

PS: If you're interested, please get in touch via the email above as direct messages on ST won't be acknowledged.
PPS: This message was cleared with an ST Admin before being posted.

[King1212]

Ah....u ruin the party.....

[johnluangco]

An interesting quote from the article "If nothing else changes by 2019, we will be at capacity". My knowledge of the retirement sector is quite limited, but the statement sounds quite bleak?


https://www.stuff.co.nz/business/ind...red-population

[Beagle]

http://www.stuff.co.nz/manawatu-stan...their-families

Except - Interestingly the five listed operators provide only 10,000 of the 38,000 care beds in the country.

Interesting times for the industry...one wonders how the smaller operators with moderate occupancy level's will cope..I expect significant rationalization in the care industry and in due course in the future it will not surprise me if there is an acute shortage of quality care facilities.

[percy]

An interesting quote from the article "If nothing else changes by 2019, we will be at capacity". My knowledge of the retirement sector is quite limited, but the statement sounds quite bleak?


https://www.stuff.co.nz/business/ind...red-population

Refreshing.Not one mention of the property market.
The article just confirms the huge challenge this sector faces, to house the huge tsunami of retirees, over the next 20 plus years.

[Bjauck]

http://www.stuff.co.nz/manawatu-stan...their-families

Except - Interestingly the five listed operators provide only 10,000 of the 38,000 care beds in the country.

Interesting times for the industry...one wonders how the smaller operators with moderate occupancy level's will cope..I expect significant rationalization in the care industry and in due course in the future it will not surprise me if there is an acute shortage of quality care facilities.

If the increased funding from the government fails to fully reflect the pay equity changes, then those small operators will be in trouble. With recent residential real estate price inflation, perhaps the government will be relying even more on private payers to pay for care costs (they also scrapped the planned big increase in the asset threshhold.) In addition they may be relying on the big operators such as OCA to cross-subsidise the care beds from their profits from the sale of ORAs.

"The Westpac report found private companies such as Ryman are expected to provide "around 40 per cent of the rest home beds needed over the next 10 years.
"These beds are "almost always" part of a larger village like Bob Scott. These facilities find it easier to make money. As the report puts it, they have the "scale and alternative revenue streams to remain profitable". (my highlight)
https://www.stuff.co.nz/business/ind...red-population