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  1. #941
    Senior Member
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    Mar 2001
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    Auckland, , New Zealand.
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    Is this how Oceania, SUM, RYM etc work in general
    Example only - Joe buys a unit for $100K, Joe pays his monthly fixed fee, time goes by and sadly Joe passes away. Joe's estate gets $100K back less the "manage fee" (20% or whatever it may be) if that is what they call it.
    The retirement village now sells the unit to Jane for $125K as property prices have increased and so on and so on.

  2. #942
    Banned
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    Nov 2013
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    8,516

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    Quote Originally Posted by Jay View Post
    Is this how Oceania, SUM, RYM etc work in general
    Example only - Joe buys a unit for $100K, Joe pays his monthly fixed fee, time goes by and sadly Joe passes away. Joe's estate gets $100K back less the "manage fee" (20% or whatever it may be) if that is what they call it.
    The retirement village now sells the unit to Jane for $125K as property prices have increased and so on and so on.
    That's the one.

  3. #943
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
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    3,227

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    Quote Originally Posted by Jay View Post
    Is this how Oceania, SUM, RYM etc work in general
    Example only - Joe buys a unit for $100K, Joe pays his monthly fixed fee, time goes by and sadly Joe passes away. Joe's estate gets $100K back less the "manage fee" (20% or whatever it may be) if that is what they call it.
    The retirement village now sells the unit to Jane for $125K as property prices have increased and so on and so on.
    Remember that Joe is buying the "right to occupy", not the unit itself.

  4. #944
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    May 2006
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    Quote Originally Posted by Jay View Post
    Is this how Oceania, SUM, RYM etc work in general
    Example only - Joe buys a unit for $100K, Joe pays his monthly fixed fee, time goes by and sadly Joe passes away. Joe's estate gets $100K back less the "manage fee" (20% or whatever it may be) if that is what they call it.
    The retirement village now sells the unit to Jane for $125K as property prices have increased and so on and so on.
    That's about the sum of it.
    In between Joe and Jane the unit gets a refurbishment depending on how out-of-date it has become so that would cost a little bit.
    The 'manage fee' is actually the deferred maintenance fee.

  5. #945
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Auckland
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    21,362

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    Had a good read through the half year report hard copy I received today titled Bright from the start. Seems like a pretty fair name to put on the report all things considered.
    Certainly in stark contrast to other listings in recent years like Metro Glass and Tegal. Early days but the signs are starting to emerge this could be a good long term hold. Cash flow looks sound and the standard of service delivery is stellar. Agree with Warren these are very important factors when assessing any company.
    Last edited by Beagle; 13-02-2018 at 05:57 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #946
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    Mar 2013
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    442

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    Have had a look over OCA website and OCA in ASB share platform. Can't find a DRP option. If anyone has any info would appreciate your help. Keen for my divi to be DRP allocated asap. I enjoy reading the knowledge shared here, insight and opinions. Thanks in advance for any help.

  7. #947
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    Apr 2017
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    I looked too and I dont think one is offered at this point. All my holdings are DRP if available

  8. #948

  9. #949
    ShareTrader Legend Beagle's Avatar
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    Jul 2010
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    Auckland
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    Thanks t.j. looks good. Very solid pipeline of consented developments. The way they have been completing projects on time and on budget in Auckland is something of a miracle really if FBU's performance is anything to judge by ! Augers well for future projects like the one you've referenced. Early signs provide good encouragement to those contemplating holding for the long term.
    Last edited by Beagle; 14-02-2018 at 12:22 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #950
    Member
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    Jan 2017
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    Auckland
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    225

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    Quote Originally Posted by Beagle View Post
    Had a good read through the half year report hard copy I received today titled Bright from the start. Seems like a pretty fair name to put on the report all things considered.
    Certainly in stark contrast to other listings in recent years like Metro Glass and Tegal. Early days but the signs are starting to emerge this could be a good long term hold. Cash flow looks sound and the standard of service delivery is stellar. Agree with Warren these are very important factors when assessing any company.
    Did you have to ask for the HY report in hardcopy?

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