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30-05-2019, 01:56 PM
#3781
Hi Harley
I too have visited the Sands many times. IMO it is magnificent. Absolutely north facing, right in the middle of a top village and right beside the sea. I have my name down on the huge waiting list. However I note the following from 2018 NZSX announcements "1/5/2018,
Oceania Healthcare confirms earnings guidance, enhances development landbank"
Why not similar this year? Come on Directors get moving. Reliable, on the dot info builds confidence
Last edited by warren; 30-05-2019 at 01:57 PM.
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30-05-2019, 02:01 PM
#3782
Originally Posted by warren
Hi Harley
I too have visited the Sands many times. IMO it is magnificent. Absolutely north facing, right in the middle of a top village and right beside the sea. I have my name down on the huge waiting list. However I note the following from 2018 NZSX announcements "1/5/2018,
Oceania Healthcare confirms earnings guidance, enhances development landbank"
Why not similar this year? Come on Directors get moving. Reliable, on the dot info builds confidence
Too close to call I’d say
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-05-2019, 02:17 PM
#3783
Guys guys guys......if the Sands is or isint done within a few weeks what does it matter? I appreciate the updates, thanks for posting. But splitting hairs over some arbitrary date is unneeded pressure. Its building which involves builders and councils.besides, we know it's one thing to build em and another to fill em afterwards
I also take the view if you pay a few cents more or less then what does that really matter 5 years from now?
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30-05-2019, 02:18 PM
#3784
FWIW I recently trimmed down my position at $1.06 as I think its reasonably clear that very few of the Sands units will be actually "Sold" in FY19.
SUM other company has a vastly more proven business model and history of growth to hang one's hat upon and the investment metrics are quite similar.
I guess as a bean counter I have to be true to myself and invest based on my belief that long term track record really matters !
I feel more comfortable with SUM knowing their track record and I think their senior management team and Directors are first class.
OCA needs more runs on the board before I will feel comfortable with them.
Last edited by Beagle; 30-05-2019 at 02:25 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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30-05-2019, 02:28 PM
#3785
Originally Posted by Maverick
Guys guys guys......if the Sands is or isint done within a few weeks what does it matter? I appreciate the updates, thanks for posting. But splitting hairs over some arbitrary date is unneeded pressure. Its building which involves builders and councils.besides, we know it's one thing to build em and another to fill em afterwards
I also take the view if you pay a few cents more or less then what does that really matter 5 years from now?
You're absolutely right, but given this makes up 45% of their development programme this year, wouldn't look great if they weren't able to deliver on that promise... as we know, it is crucial to be able to hit the targets you mention, and now have things slip here and there (makes OCA look like they are not really knowing what they are doing ae? Even worse if they didn't hint to the market they might not be able to deliver this material amount of FY19 building)
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30-05-2019, 02:30 PM
#3786
Originally Posted by Beagle
FWIW I recently trimmed down my position at $1.06 as I think its reasonably clear that very few of the Sands units will be actually "Sold" in FY19.
SUM other company has a vastly more proven business model and history of growth to hang one's hat upon and the investment metrics are quite similar.
I guess as a bean counter I have to be true to myself and invest based on my belief that long term track record really matters !
I feel more comfortable with SUM knowing their track record and I think their senior management team and Directors are first class.
OCA needs more runs on the board before I will feel comfortable with them.
mmmmmmmmmmmmmmmmmm.I guess "no surprises here"...lol.
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30-05-2019, 03:00 PM
#3787
Originally Posted by trader_jackson
You're absolutely right, but given this makes up 45% of their development programme this year, wouldn't look great if they weren't able to deliver on that promise... as we know, it is crucial to be able to hit the targets you mention, and now have things slip here and there (makes OCA look like they are not really knowing what they are doing ae? Even worse if they didn't hint to the market they might not be able to deliver this material amount of FY19 building)
TJ, By chance have you seen these developments, they are massive! I`m proud to be part of such significant projects (I was an electrician by the way, so am familiar with pointless rushing that happens in the last week) . These behemoths are so complex I am in awe they could even finish with the desired month. Also , we know that if they meet their targets or even walk on water on results day the market will continue its indifference and , sacrebleu, they not meet targets then how much lower can the SP go.
OCA have plenty of other income streams to cover the FY19 P+L so this is really just the icing on the cake.
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30-05-2019, 03:10 PM
#3788
First half Cash Flows were really ‘strong’ because $18m cash came in from sales recognised in FY17
If one really keen they can try to understand all the notes in the Annual Report about income and revenue recognition.
So might be a case of if curtains can be seen from the road (chosen by the new occupier) = a new sale ....even if not paid for.
Maverick probably right about it doesn’t really matter what happen before or on May 31st .....but the abysmal H1 financial results better not be repeated for H2
Still can’t fathom how they managed to sell heaps more units than pcp but made stuff all extra money v pcp
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-05-2019, 03:40 PM
#3789
Originally Posted by Beagle
FWIW I recently trimmed down my position at $1.06 as I think its reasonably clear that very few of the Sands units will be actually "Sold" in FY19.
SUM other company has a vastly more proven business model and history of growth to hang one's hat upon and the investment metrics are quite similar.
I guess as a bean counter I have to be true to myself and invest based on my belief that long term track record really matters !
I feel more comfortable with SUM knowing their track record and I think their senior management team and Directors are first class.
OCA needs more runs on the board before I will feel comfortable with them.
Hmm I am SUMwhat unconvinced about one of the above points, guess which one? Anyway it's clear you love SUM as much as Percy loves a certain vehicle sales company and i myself are bathing in a rather large tub of a certain unique kinda milk so each to their own.
Last edited by couta1; 30-05-2019 at 03:42 PM.
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30-05-2019, 03:49 PM
#3790
Originally Posted by Beagle
FWIW I recently trimmed down my position at $1.06 as I think its reasonably clear that very few of the Sands units will be actually "Sold" in FY19..
Crikey Beagle, after your many many many posts praising OCA as a relatively safe long term dividend/yielding retirement sector stock we now find your thinking was/is quite short term.
I'm interested in your strategy, are you just averaging down and anticipating buying more at some stage, or are you out all together?
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