OCA - Oceania Group - retirement villages

[Leemsip]

I agree Legoman.., the accounts arent straight forward and you need some serious work to cut through the revals, debt etc to get an opinion.

Sums up why Im not invested... I get the concept of the residents paying OCA to build ever more units, which is great.... just cant figure out if its working or not.

[SailorRob]

Revaluations up to offset increases in operating losses and debts.

Sounding like what rentals are about?

Will the market buy the increased valuations when property values out in the real world are down, down and still under pressure?

I missed the part about the Capital raising Balance.

On ya Sport. Keep up the good work.

[Daytr]

The result is probably better than I expected.
Definitely mixed and sales, resales & revaluation saved the day.
Increase in NTA up 6.7%.

Operating losses increased by 20M which ain't good. Refer P49 top right
The double dipping strategy on DMF for Villas & Care suites should bear fruit over time as long as the Government review on the sector doesn't call it out as double dipping
I see the value of in development has dropped substantially as they have completed units, but it also suggests they are cutting spending on development of new units which could impact the next year's result. It's probably the right thing to do, otherwise debt would have increased substantially.
Pretty muted reaction from the stock market that's for sure.

Has anyone seen anything on margin on sales?

[ValueNZ]

Has anyone seen anything on margin on sales?

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[winner69]

BusinessDesk headline

Oceania Healthcare doubles profit, gets new CEO

[Sideshow Bob]

BusinessDesk headline

Oceania Healthcare doubles profit, gets new CEO

All about the headline.....!!

[SailorRob]

The result is probably better than I expected.
Definitely mixed and sales, resales & revaluation saved the day.
Increase in NTA up 6.7%.

Operating losses increased by 20M which ain't good. Refer P49 top right
The double dipping strategy on DMF for Villas & Care suites should bear fruit over time as long as the Government review on the sector doesn't call it out as double dipping
I see the value of in development has dropped substantially as they have completed units, but it also suggests they are cutting spending on development of new units which could impact the next year's result. It's probably the right thing to do, otherwise debt would have increased substantially.
Pretty muted reaction from the stock market that's for sure.

Has anyone seen anything on margin on sales?

Is there ever a situation where an operating loss isn't a bad thing?

[X-men]

Tough market...NZx is stuffed....no results that will please the fundies not traders

[Baa_Baa]

Does anyone have the link to the Webcast results presentation?

[SailorRob]

This is exactly what ValueNZ and I look for. Improving business with static or declining share price.

So many punters will be frustrated with the market action today and finally capitulate.