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21-07-2019, 12:02 PM
#3871
Originally Posted by Ggcc
Whether it be for dividend or to expand, all retirement stocks borrow money. As long as their Value (NTA) keeps increasing and does not go backwards
paying unimputed divies the taxman at least gets a small cut of the earnings ...with shareholders paying it
Last edited by winner69; 21-07-2019 at 04:40 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-07-2019, 04:42 PM
#3872
Oh no, one broker (who is very ambitious with their share price target on SUM) has come out with a preview of what they reckon we'll expect... and it ain't that pretty... OCA's 3rd annual report since being listed, and earnings are going backwards they say... I remember some other dog in this sector starting with A never, ever having earnings per share contracting since they listed (and they've been listed far longer than OCA), and yet sum people have much more favorable views of OCA than that dog ARV...
ironic really, given OCA is not building a very good track record at all, and yet this was number 1 pick on sharetrader for this years stock picking contest and has many rampers, sum of whom then don't like the listed dog that has a better track record
At least forsyth reckon dividend is go increase from 4.7c last year to 4.8c this year... but underlying EPS is going backwards 7% they say
OCA cheap at least
Last edited by trader_jackson; 21-07-2019 at 04:44 PM.
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25-07-2019, 08:47 AM
#3873
https://www.nzx.com/announcements/338084
Actually a tad better than I was expecting... Still looks very complex compared to others in the listed sector... DRP at least (also means they need more cash and probably worried they are beginning to borrow to much - as I previously mentioned)
What is this impairment on something in the care division? That other dog ARV never had that... Aged care division keeps going down in profitability 3 years running now, interesting ARV isn't impacted by this trend (in fact the opposite has happened)
Care, Village Operations & Corporate costs flat or going down over the medium term... not sure if this is a good or bad thing (not really sure what this means)
Resale margins dropping, embedded value barely going up (isn't this value quite important for future earnings? some creative accounting going on here as well...), development margin going up still at least.
Net Debt up a whopping 65% on prior year
One thing is for sure, ARV looks pretty flash compared to OCA!
ARV also bigger now as well.
Last edited by trader_jackson; 25-07-2019 at 09:13 AM.
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25-07-2019, 09:14 AM
#3874
i say it again OCA remain dependant on trading gains in a rising property market for a big chunk of there profit. hence why there net profit is down as property market is flat
one step ahead of the herd
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25-07-2019, 09:22 AM
#3875
wow ARV's Basic earnings per share is 90% higher than OCA's... yet ARV's share price is only 28% higher than OCA... ARV is the bargain round here, OCA not so cheap really...
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25-07-2019, 09:24 AM
#3876
Long Member
didn't realise this was the ARV thread
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25-07-2019, 09:25 AM
#3877
Pretty average sort of result.
Currently not holding.
Last edited by percy; 25-07-2019 at 09:43 AM.
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25-07-2019, 09:27 AM
#3878
Originally Posted by Well Endowed
didn't realise this was the ARV thread
OCA is often compared to ARV as they are fairly similar in business model... yet many who 'love' (or previously loved) OCA, are staunchly against ARV... funny stuff really. But yes, I'll try stop highlighting why ARV is a better company than OCA, OCA's result today helps highlight this enough (when compared to the similar ARV)
I hold both ARV and OCA shares afterall (and have done since they both listed respectively) and I think they both have the right model in the long term, just surprised OCA is having a few more 'issues', that will hopefully be short lived... certainly glad I hold 2x more ARV shares thats for sure... I really need to install the upgrade as I'm sure the normal rampers of OCA (and opponents of ARV) no longer post much on here
Last edited by trader_jackson; 25-07-2019 at 10:09 AM.
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25-07-2019, 09:49 AM
#3879
The bits that matters are up, comprehensive income and operational cash flow
Total Comprehensive Income has
increased by 22.1% to $99.8m over the
year. This measure takes into account the
enhanced value that we are adding to our
aged care business as we bring new care
suites onto the market.
Operational cashflow up more than 8%
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25-07-2019, 10:15 AM
#3880
Can anyone find in OCA's announcements this morning any reference to facilities with 4 year certification? for a company that is (supposed) to be so care focused, there seems to be very little info on 'benchmarks' around their care offering/service itself, such as facilities with 4 year certification
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