sharetrader
Page 326 of 358 FirstFirst ... 226276316322323324325326327328329330336 ... LastLast
Results 6,501 to 6,520 of 7145
  1. #6501
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    3,313

    Default

    Quote Originally Posted by Panda-NZ- View Post
    Rising tax free house prices = good for OCA but the costs seem to be a bit out of control currently.
    The revaluation when it comes will favour a re-rate as it becomes clear how wrong the devaluation was prior to last results.

    Not sure what you’re on about costs? Costs of what?

  2. #6502
    Member
    Join Date
    Feb 2020
    Location
    Nelson
    Posts
    458

    Default

    There's pretty much all of the expenses for this increasing by CPI times 3-4. Though it won't be an issue if they can bring the revenue which can cover it.

    2019 FY:
    Revenue down nearly 10%
    Expenses +20%

    Maybe something of a track record is starting to be shown.
    Last edited by Panda-NZ-; 20-09-2020 at 02:15 AM.

  3. #6503
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Location
    Canterbury
    Posts
    6,238

    Default

    Quote Originally Posted by Panda-NZ- View Post
    There's pretty much all of the expenses for this increasing by CPI times 3-4. Though it won't be an issue if they can bring the revenue which can cover it.

    2019 FY:
    Revenue down nearly 10%
    Expenses +20%

    Maybe something of a track record is starting to be shown.
    Actually - I don't think you pay attention.

    There are in this thread plenty of posts explaining the OCA model ... Maveric explained the process at various times. Yes, on the way morphing old shabby old peoples homes in prime locations to top quality retirement villas there are times when you need to double up staff and run with less efficiency. While you empty an old building and move the residents into their new build housings you need to basically work with double staff and half efficiency. A temporary increase of the cost structure is inevitable and expected. Most people would call this investment :

    This is what we currently are seeing, but (reading their reports) it sounds they reached inflection point.

    Note: While linear interpolations are always easy, they are often wrong unless you understand the underlying model.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  4. #6504
    Junior Member
    Join Date
    Aug 2020
    Location
    christchurch
    Posts
    3

    Default

    "While linear interpolations are always easy, they are often wrong unless you understand the underlying model." BlackPeter

    economic poetry, that is what a great line like that is

  5. #6505
    Senior Member
    Join Date
    Apr 2020
    Location
    hamilton
    Posts
    685

    Default

    I for one hope MR M is right as there are some very fine shareholders and im sure some very fine residents. The next 24 months should throw some light on the model.

  6. #6506
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    https://thespinoff.co.nz/business/23...September+2020

    Looking forward to hearing how things are tracking in FY21 at 2.00 p.m.
    No butts, hold no mutts, (unless they're the furry variety).

  7. #6507
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Quote Originally Posted by Beagle View Post
    https://thespinoff.co.nz/business/23...September+2020

    Looking forward to hearing how things are tracking in FY21 at 2.00 p.m.
    Whenever I see an oceania preso I think of Elvis
    “What the wise man does in the beginning, the fool does in the end”

  8. #6508
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    What the property market is doing shouldn’t matter to Oceania. The revered Liz keeps reminding us that they are a needs based business (in throes of transformation) and that’s what drive the story and hence value
    “What the wise man does in the beginning, the fool does in the end”

  9. #6509
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Quote Originally Posted by winner69 View Post
    What the property market is doing shouldn’t matter to Oceania. The revered Liz keeps reminding us that they are a needs based business (in throes of transformation) and that’s what drive the story and hence value
    Most people have to sell their house to move into an OCA unit so price matters as does how easy it is to sell and in the long run if the average unit in an OCA village is say 60% of the average price of a house in the surrounding area and OCA are engaging in brownfields developments where they are more efficiently using existing land facilities for their developments that augers very well for future development margins, (which are already the highest in this sector and look likely to stay that way).

    As Maverick kindly reminded us a while back not only are OCA building a lot of premium care suites but they're also going to be developing a lot of premium apartments over the next few years. Sands is a good example of what's coming.
    Last edited by Beagle; 24-09-2020 at 09:21 AM.
    No butts, hold no mutts, (unless they're the furry variety).

  10. #6510
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    3,611

    Default

    Not directly related to Oceania but I can tell a story of a couple that visited several retirement & lifestyle villages here in Nelson 3-4 weeks ago. Found the one they liked which was at the high end and expensive. Put their home on the market and sold within a week. Went back to retirement village to sign a contract only to find the price had gone up $ 100,000. Yes that's right, + $ 100,000, from $750k to $850k in a lifestyle (+55 yo) village.

  11. #6511
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Quote Originally Posted by iceman View Post
    Not directly related to Oceania but I can tell a story of a couple that visited several retirement & lifestyle villages here in Nelson 3-4 weeks ago. Found the one they liked which was at the high end and expensive. Put their home on the market and sold within a week. Went back to retirement village to sign a contract only to find the price had gone up $ 100,000. Yes that's right, + $ 100,000, from $750k to $850k in a lifestyle (+55 yo) village.
    That would have done that retirement companies development margin / resale profit a massive power of good !!
    No butts, hold no mutts, (unless they're the furry variety).

  12. #6512
    Guru
    Join Date
    Aug 2012
    Posts
    2,529

    Default

    Quote Originally Posted by iceman View Post
    Not directly related to Oceania but I can tell a story of a couple that visited several retirement & lifestyle villages here in Nelson 3-4 weeks ago. Found the one they liked which was at the high end and expensive. Put their home on the market and sold within a week. Went back to retirement village to sign a contract only to find the price had gone up $ 100,000. Yes that's right, + $ 100,000, from $750k to $850k in a lifestyle (+55 yo) village.
    Quite ironic I guess when at the beginning of the coronavirus recession many were expecting the retirement sector in general to be the worst hit. Now it seems the villages are hot property - perhaps one of the hottest sectors in housing? Can people buying an ORA make their purchase conditional on selling their house - is that the usual practice?

  13. #6513
    Advanced Member
    Join Date
    May 2015
    Posts
    2,457

    Default

    http://nzx-prod-s7fsd7f98s.s3-websit...346/331468.pdf

    Slide 4 looks a bit blank, not alot of highlights I suppose.
    Not too sure what makes it price sensitive either?

  14. #6514
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Once the restrictions on sales eased in Alert Level Two, we recommenced sales activity and have
    recorded strong sales levels through June, July and August – 26% higher than the same months last
    year. We have seen particularly good levels of sales at both Meadowbank and The Sands over the last
    few months. We have now sold 54 independent living apartments and 29 care suites at The Sands (with
    a further 12 care suites occupied by residents paying a premium accommodation charge). At
    Meadowbank, we have now sold 34 of the 64 independent living apartments in Stage Four and seven of
    the 26 independent living apartments in Stage Five, as well as 38 care suites (with a further three care
    suites occupied by residents paying a premium accommodation charge).
    Many new residents who have submitted ORA applications since lockdown have commented to us about
    how the lockdown period gave them an opportunity to reflect on their wellbeing and security, with the
    benefits of retirement villages – including stronger communities, security and peace of mind - being more
    prevalent over this period.
    Extract from CEO's address. Looks pretty solid to me.
    No butts, hold no mutts, (unless they're the furry variety).

  15. #6515
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Quote Originally Posted by trader_jackson View Post
    http://nzx-prod-s7fsd7f98s.s3-websit...346/331468.pdf

    Slide 4 looks a bit blank, not alot of highlights I suppose.
    Not too sure what makes it price sensitive either?
    I like Slide 6 - SUSTAINABILITY

    If it was in pink could have been lifted from another company’s preso
    “What the wise man does in the beginning, the fool does in the end”

  16. #6516
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Had a look at your favorite slide Winner. I reckon they have the ESG balance about right for a company in this sector looking after elderly vulnerable people.
    No butts, hold no mutts, (unless they're the furry variety).

  17. #6517
    One Fearsome Feline winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    27,688

    Default

    Quote Originally Posted by Beagle View Post
    Had a look at your favorite slide Winner. I reckon they have the ESG balance about right for a company in this sector looking after elderly vulnerable people.
    Pretty good but could do more

    Milton wouldn’t be impressed though ...not maximising shareholder profits by doing this.
    “What the wise man does in the beginning, the fool does in the end”

  18. #6518
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Okay now for some analysis that might mean something in terms of FY21's profitability.
    First up one should note the increased sales rate noted above and given it takes time for people to sell their homes the extremely buoyant market augers well for the rest of the year both in terms of pricing and volumes sold.
    Then there's this
    Brent Pattison was appointed as Chief Financial Officer in January 2020. Since joining Oceania
    Healthcare, Brent has been heavily involved in preparing the aged care industry’s funding claim from the
    Government for additional costs incurred by the industry as a result of COVID-19
    Its clear the industry is looking to get recompense for the extra Covid 19 costs incurred in their care operations.
    Looking through Earl's address it would appear there were 176 apartments and care suites delivered last year and they are on track to deliver 217 in the ten months to 31 March 2020, 23% more but on an annualized basis 217 x 12/10 = 260 / 176 = 48% more.

    With sales rates lifting nicely and them being at the point of inflection with their care income I can see a solid life in underling EBITDA for FY21.

    Looks like a sound long term hold to me.
    No butts, hold no mutts, (unless they're the furry variety).

  19. #6519
    Hunting for more dog food Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    17,266

    Default

    Quote Originally Posted by winner69 View Post
    Pretty good but could do more

    Milton wouldn’t be impressed though ...not maximising shareholder profits by doing this.
    A company that specializes in care must put the highest case standards as its primary objective to maximize profits...I think Milton would realize that. The carbon neutrality by 2030 looks good for the company and makes residents feel the company cares about the environment which conveys the right "feel good environmental sensitivity factor" so residents feel attracted to live there and the net result is the company can sell more units. All makes sense to me.

    Now its sausage roll time
    Last edited by Beagle; 24-09-2020 at 12:31 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  20. #6520
    Membaa
    Join Date
    Nov 2004
    Location
    Paradise
    Posts
    3,313

    Default

    Whats the Username & Password thing on the online meeting?

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •