OCA - Oceania Group - retirement villages

[Food4Thought]

...it has moved. A 1-2 cent + movement per month is fine by me.

[Beagle]

Yes if this is going to generate 30% growth or thereabouts per annum then a 2 cps movement per month is justified and seeing as they're reporting next month the coming month or two could be a LOT more than that. This time I think TJ has this right and we're very unlikely to see <$1 again.

[hogie]

You guys always get too excited about a OCA ... unfortunately like viagra the effects seem to have worn off and it's gone back down again now =P

[winner69]

...it has moved. A 1-2 cent + movement per month is fine by me.

It was $1.05 at end of December 2017

In spite of all the good news and good guidance it’s only $1.03

Hardly 1 or 2 cents a month is it ....but suppose patience is a virtue ...a real virtue

[Beagle]

It was $1.04 at end of December 2017

In spite of all the good news and good guidance it’s only $1.03

Hardly 1 or 2 cents a month is it ....but suppose patience is a virtue ...a real virtue

I guess the question is was December the anomaly or is now the anomalous price fix ? I would strongly argue now especially given the strength of the sector since December (SUM was only about $5 back then by way of example). The other thing is the stock has definitely been de-risked as the company have confirmed guidance recently.
Zooming out and looking at the big picture since it listed a year ago at 79 cps its up exactly 24 cents since then = 2 cents per month but clearly not in a linear manner
My gut tells me this is VERY cheap for this sector seeing the PE's its peer group are trading on are much higher and their SP performance has been vastly better in the last six months. Further, OCA's late stage care reputation is second to none and that includes RYM.
I topped up with a few more today. Forward PE, (soon to be trailing PE) of just 12 is very very good value. Patient investors will be well rewarded in the medium to long term in my opinion.

[winner69]

It was a $1.03 at end of last August (seeing we talking monthly prices)

To get a sector (peers) average PE there has to be a few below average and OCA is one of those. Looks like OCA has been awarded the label of a sector laggard....hard label to break free from

I’ll give it another week ..or two

[Beagle]

Don't forget mate that ARV had a nice run-up of just on 10% just before their result announcement. Might we see the same thing in late July with OCA ?

[Beagle]

I think 1 cent north per week average, for the next 7 weeks, (not necessarily in a steady straight line ), is quite possible between now and report date in late July.

[winner69]

RYM currently $10.30 with OCA at $1.03

OCA about right at this price

..

That was back in early Jan

Couts and me reckon RYM:SUM:OCA shareprice ratio should be about 10:5:1

Was true back in January ....but not now for OCA

Been a bit slack in spite of all the good news

OCA should be $1.20 by know ...and Beagle thinks $1,12 in seven weeks time pretty good

Will it ever catch up ...or will it just prove that the Winner Couts Theorem is a load of **** by always being a laggard.

[JayRiggs]

Given ARV and MET are trading around 16 times current underlying earnings, I reckon OCA should be on a similar multiple and reach $1.35 very very soon!