OCA - Oceania Group - retirement villages

[couta1]

AGM today at 2.00

SP looks like it's rising in anticipation, however the Elephant hasn't moved.

[Beagle]

SP looks like it's rising in anticipation, however the Elephant hasn't moved.

Elephant is bigger than Kashin https://www.bing.com/images/search?q...6D&FORM=IQFRBA
and everyone wondering when Macquarie will cashin...you see what I did there

[Beagle]

https://www.nzx.com/announcements/322929

Sum investors have learned that consistent growth delivers consistent SP gains over time. Maybe the elephant in the room just hangs around for the growth ?

[couta1]

https://www.nzx.com/announcements/322929

Sum investors have learned that consistent growth delivers consistent SP gains over time. Maybe the elephant in the room just hangs around for the growth ?

Did SUM Quandrant Elephant hang around for the growth, nope.PS-Elephants love their peanuts.

[Beagle]

Agree that are their core Merchant bankers are transaction orientated but obviously Quadrant and Macquarie may have had, / have different agenda's and or level's of patience.

Anyway... anyone heard when this antiquated market will open ? This is like being on a car journey and the kids asking are we there yet ?...except this time we are the kids lol

[winner69]

https://www.nzx.com/announcements/322929

Sum investors have learned that consistent growth delivers consistent SP gains over time. Maybe the elephant in the room just hangs around for the growth ?

Any guidance given?

[Beagle]

Any guidance given?

Consistent growth is all the guidance they gave. Might as well settle in for a long term hold I reckon and when Kashin cashes in, that's the time to double down !

[couta1]

Agree that are their core Merchant bankers are transaction orientated but obviously Quadrant and Macquarie may have had, / have different agenda's and or level's of patience.

Anyway... anyone heard when this antiquated market will open ? This is like being on a car journey and the kids asking are we there yet ?...except this time we are the kids lol

Lol, give them a chance, they are only one and a half hours late on their 12pm update time.

[Maverick]

Had a good read of today's meeting notices. I am very impressed with the pragmatic and clearly broken down progress in the pipeline in all the levels of care accommodation developments. I feel the management team have very good processes and time tabeling that will provide the consistent growth investors are looking for.
I was particularly pleased to see the care beds are now being sold under the well known villa ORA model. That's the trick to the whole industries profitability. Plus the occupant pays high rent for the weekly care bed use where the villas are about $100/wk.
Its win win for everyone including the occupants.
Loving the comments about the care beds being needs based (and urgently)rather than a lifestyle choice ie villa.
So here we have a business that has increasing: assets, cashflow, profitability. Very low debt levels. It has long term high growth while paying a decent dividend. Guaranteed growing customer base. It supplies an award winning, quality service/product in an industry that is just too hard to start from scratch into.
And whatever way the PE is measured (I see it as 13.5).........its bargain basement cheap.
Why would Macquarie give its majority shareholding away at this level? Not saying that they won`t, who knows their mind, but I can't see why they would need to offer it at a discount.

[Arthur]

Macquarie "owns" this as manager for an infrastructure fund which has numerous smaller investors. They were talking of winding the fund up next year, but the fund also has a larger illiquid asset - an unlisted port in Poland DCT Gdansk. I am guessing that until they have an exit strategy for the port, they will hold the retirement care.