OCA - Oceania Group - retirement villages

[trader_jackson]

Your divie mainly comes from running and selling units , not from care activities

The care bit (the Government money) wouldnt give you a divie or if it did a very tiny one

You been listening to Warren too much about all this government
money.

That’s how I see it anyway

But they don't get any cash flow when they are building those units? In fact the opposite happens (in a big way usually)
I also didn't think they made much of a profit on the 'running' of them either...
Those care activities keep cash coming through the door at least
Whether it is that profitable is another question

[winner69]

But they don't get any cash flow when they are building those units? In fact the opposite happens (in a big way usually)
I also didn't think they made much of a profit on the 'running' of them either...
Those care activities keep cash coming through the door at least
Whether it is that profitable is another question

Those care activities keep cash coming through the door at least .......and it goes out just as fast .....into wages and all those running costs eh

[Baa_Baa]

Your divie mainly comes from running and selling units , not from care activities

The care bit (the Government money) wouldnt give you a divie or if it did a very tiny one

You been listening to Warren too much about all this government
money.

That’s how I see it anyway

Don't forget that the government doesn't pay for everyones care, accomodation etc at these facilities.

Lots of folks that need care who end up in 'homes', or go directly into 'care' facilities are spending their own money, and it's bloody expensive, and often it can go on for a long long long time often until the private money runs out, then and only then does the government step in. Don't forget either that the 'rest homes' cater for the wealthy who can afford care, or the destitute who cannot, and those in the middle who have little choice spend whatever they have left before the government will help.

This is not specific to OCA, it's generic to the sector. Sadly it's commonly thought that a care provider cannot sustain it's business on solely the income of the government or the 'resident', when patently it can, there's heaps of smaller care providers who do. The smaller players just can't do it and be making obscene profits and paying out shareholders unless it has a successful property business underpinning it's care model.

That differentiates the sector. Either way, the resident whether rich or not spends whatever they have left before the government chips in a single cent.

[dabsman]

https://www.nzx.com/announcements/321282

Boom - say goodbye to the current price levels. $1.20 at close tonight?

[couta1]

https://www.nzx.com/announcements/321282

Boom - say goodbye to the current price levels. $1.20 at close tonight?

Fantastic result and bullish outlook and unlike SUM others it's still cheap.

[winner69]

https://www.nzx.com/announcements/321282

Boom - say goodbye to the current price levels. $1.20 at close tonight?

.....and $1.30 by end of next week

Even though we learnt nothing new today

[King1212]

looking good!! Was going to buy more yesterday...but got distracted ...

[percy]

A stunner.
Great outlook in a sector with strong tail winds.

[BobbyMorocco]

Even though we learnt nothing new today

Not sure about that? Build rate for the coming years has been increased significantly has it not?

I was expecting FY19 to be relatively quiet on the development front, with an increase in FY20. Not so now with them planning to deliver 270 odd units this year. Double what they produced last year. I'm pleasantly surprised by this

[Valiant]

Great result, happy to continue holding this one. Good to see the build rate increasing in the coming years.
Will look to grab a few more when I can.