OCA - Oceania Group - retirement villages

[Lewylewylewy]

Oca should grow faster than sum initially because theyre currently cheap

[thestg]

Oca should grow faster than sum initially because theyre currently cheap

Have another look. Which is the cheapest?
SUM
Shares: 224,874,299
Earnings/Share 100.46 cents
Share price $7.76

OCA
Shares 610,254,625
Earnings/Share 13.39 cents
Share price $1.13
(Source ANZ Securities)

[percy]

Recent research I have seen shows.;
…………………………………………...RYM...………………………….SUM...…………………… …….OCA
NTA...………………………………….$3.88...………………………..$3.48...……… ………………$1.04
P/NTA...………………………………….3.2...……………………………2.2...………………… ……...1.1

[Blue Skies]

Recent research I have seen shows.;
…………………………………………...RYM...………………………….SUM...…………………… …….OCA
NTA...………………………………….$3.88...………………………..$3.48...……… ………………$1.04
P/NTA...………………………………….3.2...……………………………2.2...………………… ……...1.1

Thanks Percy & thestg
Wow this is interesting, which is the cheapest now/looking forward?

Correct me if wrong, but think I read OCA's existing 50 sites have significantly lower unit density coverage per site than SUM or RYM, meaning OCA has the potential to increase/double the number of units without the need to find & purchase more land.
Got to be a good thing?

[Joshuatree]

Its full steam in Tauranga with a $250 million eco friendly retirement village all go in papamoa. Generus Living Group who already have a 250 house village are just about to start the new 350 house village. I Like the environmental theme . solar power, , composting, commercial climate controlled glasshouse, market garden, fruit trees , charging bays etc. take note OCA,RYM,SUM etc you are behind the trend.

There are some big players out there besides our NZX companies, jumping in to this lucrative sector and many many small existing players. Possible that there could become an oversupply sometime , but far away hopefully.

[Blue Skies]

Just a reminder of the numbers, by 2036, projected there will be 1.258,500 million NZ'ers over the age of 65, that's an additional 547,300 or 77% increase from 2016. 1 in 4.5 NZ'ers will be over 65.
(Source: NZ SuperSeniors website)
That's one huge headache for govt policy planners.

[stoploss]

Just a reminder of the numbers, by 2036, projected there will be 1.258,500 million NZ'ers over the age of 65, that's an additional 547,300 or 77% increase from 2016. 1 in 4.5 NZ'ers will be over 65.
(Source: NZ SuperSeniors website)
That's one huge headache for govt policy planners.

How many retirement homes can you go into aged 65 ?

[winner69]

Recent research I have seen shows.;
…………………………………………...RYM...………………………….SUM...…………………… …….OCA
NTA...………………………………….$3.88...………………………..$3.48...……… ………………$1.04
P/NTA...………………………………….3.2...……………………………2.2...………………… ……...1.1

Just as well there’s not a ‘rule’ that says they all should have the same multiple (in reality it’ll never be that way anyway)

Otherwise RYM shareprice would be only $4 odd

[Cool Bear]

Lol Winner is an Awesome Cool Cat I would like to be an Awesome Cool Bear one day

Hey, that is my future title!

[RupertBear]

Hey, that is my future title!

Lol! Fair enough given you are already a Cool Bear! Guess I will just have to be happy with Rupert the Awesome Bear