OCA - Oceania Group - retirement villages

[couta1]

Positive start to the day

A 100,000 transaction a while ago

HaHa winner, keep talking positive enough and you might scare that monster elephant back into the bush, I say come you beautiful creature.

[jg8512]

anyone got their head around this change in revenue recognition. I do find the accounting for rest home operators quite complex generally - this is no exception - but if I understand correctly, the change in revenue recognition means OCA's FY18 results get a double benefit relative to FY17 (and FY19). Ie, FY18 picks up the revenue deferred from FY17 (as FY17 was not restated) as well as any new resales captured by the revenue recognition policy in FY18. In FY19, there will just be any gains occurring in that year. SO an artificial boost to fy18 revenues and profits (by circa $2-3m; which is ultimately value neutral - just makes one year (FY18) look better). the Annual Report says the new policy is better - it may well be - but company could perhaps have explained this more fully.

PS. It looks like the sought of change you would make to present the accounts in best light for the majority shareholder to sell and maximise their sales price, IMHO.! GLAH

[winner69]

anyone got their head around this change in revenue recognition. I do find the accounting for rest home operators quite complex generally - this is no exception - but if I understand correctly, the change in revenue recognition means OCA's FY18 results get a double benefit relative to FY17 (and FY19). Ie, FY18 picks up the revenue deferred from FY17 (as FY17 was not restated) as well as any new resales captured by the revenue recognition policy in FY18. In FY19, there will just be any gains occurring in that year. SO an artificial boost to fy18 revenues and profits (by circa $2-3m; which is ultimately value neutral - just makes one year (FY18) look better). the Annual Report says the new policy is better - it may well be - but company could perhaps have explained this more fully.

PS. It looks like the sought of change you would make to present the accounts in best light for the majority shareholder to sell and maximise their sales price, IMHO.! GLAH

Good points. Does look like it boosted F18 earnings eh

[winner69]

FNZC says OUTPERFORM with a 12 month $1.22 target
http://www.sharechat.co.nz/article/d...-price-12.html

So on their methodology today’s price a bit ahead of itself

Stupid eh ...they just don’t get it do they

[dabsman]

I must be next in the buy queue at 1.11... patience is never my strong point

[RupertBear]

I must be next in the buy queue at 1.11... patience is never my strong point

My impatience got the better of me and topped up a few at $1.12 instead of waiting for it to go down to $1.10 it will definitely go down now so you should be ok

[bull....]

if theres a placement coming insto.s will sell now and buy back cheaper. wonder if first nz capital is pitching for the work.

[RTM]

My impatience got the better of me and topped up a few at $1.12 instead of waiting for it to go down to $1.10 it will definitely go down now so you should be ok

Interesting isn't it the way different folk work. I had an order in at 109 and have reduced it to 105 to double my stake. Just in case the overhang comes into play. So...basically happy with what I have....but if a bargain comes along..... will have some.
Good luck to all.

[percy]

FNZC says OUTPERFORM with a 12 month $1.22 target
http://www.sharechat.co.nz/article/d...-price-12.html

So on their methodology today’s price a bit ahead of itself

Stupid eh ...they just don’t get it do they

Coming from NZ's top broking house,including No.1 for research, that is a very positive confirmation for OCA's directors and management, that they are on course.Good for us shareholders as well.
Craig's have not updated their research as yet.

[peat]

So...basically happy with what I have....but if a bargain comes along..... will have some.
Good luck to all.

Yeh this is more my approach with this one. Like it but conscious of sectoral imbalance