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13-02-2018, 09:18 AM
#941
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.
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13-02-2018, 09:34 AM
#942
Originally Posted by Jay
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.
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13-02-2018, 09:40 AM
#943
Originally Posted by Jay
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.
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13-02-2018, 09:41 AM
#944
Originally Posted by Jay
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In between Joe and Jane the unit gets a refurbishment depending on how out-of-date it has become so that would cost a little bit.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.
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13-02-2018, 06:54 PM
#945
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 06:57 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
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14-02-2018, 12:04 AM
#946
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.
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14-02-2018, 11:30 AM
#947
Member
I looked too and I dont think one is offered at this point. All my holdings are DRP if available
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14-02-2018, 01:05 PM
#948
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14-02-2018, 01:21 PM
#949
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 01:22 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
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14-02-2018, 01:57 PM
#950
Member
Originally Posted by Beagle
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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