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  1. #3191
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    Quote Originally Posted by couta1 View Post
    Just to let you all know there has been an small increase in funding just announced for the sector to offset some of the extra cost due to the pay equity settlement so that should help with expenses.
    A slight good news correction to this post, the small funding increase is for covering the Nurses wage increase only, the main funding increase will be set in July. This will help OCA to reduce their expenses going forward.

  2. #3192
    Legend minimoke's Avatar
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    Quote Originally Posted by couta1 View Post
    A slight good news correction to this post, the small funding increase is for covering the Nurses wage increase only, the main funding increase will be set in July. This will help OCA to reduce their expenses going forward.
    I hope it fully offsets Labours General Wage order by stealth

  3. #3193
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    Biggest handbrake to this share at present is mcquarries overhang of shares.....they still have 42% or somewhere near 300 million shares to unload......how they do this is anyone's guess

  4. #3194
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    Quote Originally Posted by ziggy415 View Post
    Biggest handbrake to this share at present is mcquarries overhang of shares.....they still have 42% or somewhere near 300 million shares to unload......how they do this is anyone's guess
    They won't be doing anything at the current price, probably offload the next lot in the $1.30 range IMO.

  5. #3195
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    Quote Originally Posted by couta1 View Post
    They won't be doing anything at the current price, probably offload the next lot in the $1.30 range IMO.
    To raise share price you increase profit or divvy and remember they let 95 million shares go at$1.10....guess it will depend on how much this share owes them and how bad they need the money

  6. #3196
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    Quote Originally Posted by ziggy415 View Post
    Biggest handbrake to this share at present is mcquarries overhang of shares.....they still have 42% or somewhere near 300 million shares to unload......how they do this is anyone's guess

    Why do they have to unload these? And if and when they do, who would buy them?

  7. #3197
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    Quote Originally Posted by gonzo56 View Post
    Why do they have to unload these? And if and when they do, who would buy them?
    Perhaps they could keep their shares but mcqueary are one of many private equity funds that buy what they consider undervalued companies...repackage them and then float them on the share market to make money

  8. #3198
    …just try’n to manage expectations… Maverick's Avatar
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    Quote Originally Posted by ziggy415 View Post
    Perhaps they could keep their shares but mcqueary are one of many private equity funds that buy what they consider undervalued companies...repackage them and then float them on the share market to make money
    well said . That's exactly what they do. But given OCA itself is remodelling as a company AND the share price has languished they just might delay further sell down.
    who really knows the mind of a private equity other than they have a thing for blue suits and brown shoes.

  9. #3199
    ShareTrader Legend bull....'s Avatar
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    technicals still negative , expecting a downside test of lows soon
    one step ahead of the herd

  10. #3200
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    Quote Originally Posted by ziggy415 View Post
    Perhaps they could keep their shares but mcqueary are one of many private equity funds that buy what they consider undervalued companies...repackage them and then float them on the share market to make money
    And that's the answer. They have to have another, better use for the funds released.

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