OCA - Oceania Group - retirement villages

[percy]

Hopefully will be pretty expensive high margin (for OCA) units

It would be the most compelling reason,otherwise, why do it ,when they already have years of brown field development land.

[Beagle]

I think this pup could bark a bit in 2018. If they can exceed their forecast numbers and the outlook is encouraging the underlying PE is cheap as chips.

[King1212]

It is slowly going up. Sellers are drying up. Wonder I should top up again. Like mr dog said...the pup could bark in 4 weeks time...25th Jan 2018?

[Beagle]

Or maybe the pup trips over its own paws ?, early days, too hard to tell. Interesting move to buy that site on unconditional terms. Hope the neighbors are friendly to the consent process.Quite like the way MET buy sites conditional on consents and due diligence, very little risk in that approach. A little birdie tells me their care standards are very very good.
Disc: Modest holding, lets see what their batting average looks like over the next few years.

[King1212]

Or maybe the pup trips over its own paws ?, early days, too hard to tell. Interesting move to buy that site on unconditional terms. Hope the neighbors are friendly to the consent process.Quite like the way MET buy sites conditional on consents and due diligence, very little risk in that approach. A little birdie tells me their care standards are very very good.
Disc: Modest holding, lets see what their batting average looks like over the next few years.

i doubt it will trips over. Thier last report was exceeding market expectation. Plenty of progresses which completed thier end of year n scheduled to be completed early next year. Yes, indeed. Thier care is excellent..better than Arvida. My wife is RN...her friend works at OCA.

[Jay]

Their lasts purchase is right in the middle of some very expensive homes, not sure the neighbours will be impressed, then again the land is a bit of an eyesore at the moment, has been for quite some time. They were/are all individual sites reasonably large. Think they were part of nearly half of two streets someone bought up with a view to building their own gated type community or something similar, until all it all fell over.

[huxley]

i doubt it will trips over. Thier last report was exceeding market expectation. Plenty of progresses which completed thier end of year n scheduled to be completed early next year. Yes, indeed. Thier care is excellent..better than Arvida. My wife is RN...her friend works at OCA.

Well I guess if you doubt it’ll trip over, then I guess it’s a BUY

[Beagle]

Well I guess if you doubt it’ll trip over, then I guess it’s a BUY

So little value left on the NZX perhaps given relative valuations the potential rewards could outweigh the risks ? I suspect this has a reasonable chance of being a top performer for 2018. Might double down if I'm feeling brave soon.

[trader_jackson]

So little value left on the NZX perhaps given relative valuations the potential rewards could outweigh the risks ? I suspect this has a reasonable chance of being a top performer for 2018. Might double down if I'm feeling brave soon.

I have also heard OCA has very good care standards, and continuum of care. I would hesitate to agree they are better than Arvida (and that is when you know they really are the best!). Like I boldlyand bravely called a few years ago with Arvida, I think OCA could be the top performer over the coming year.

[King1212]

I have also heard OCA has very good care standards, and continuum of care. I would hesitate to agree they are better than Arvida (and that is when you know they really are the best!). Like I boldlyand bravely called a few years ago with Arvida, I think OCA could be the top performer over the coming year.

Yes..topped up a small parcel again this morning...