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  1. #6541
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Lot of discussion re moral / ethical behaviour of company / directors accepting government support when they make big profits

    So new Oceania finance guy working hard to get heaps of corporate welfare ...hmm

    We as shareholders should be pleased ...got to get every penny we can, from wherever.

    A business model dependent on the whims of govt policy?
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.

    Bond issue appears imminent. https://www.nzx.com/companies/OCA
    Good timing with interest rates at record lows. BNZ offered me 1.15% as their top term deposit rate just the other day...all banks will probably all be less than 1% in a few months
    Last edited by Beagle; 25-09-2020 at 07:51 AM.
    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

  2. #6542
    Speedy Az winner69's Avatar
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    Bond offer only days away by the looks of it

    How many tens of millions they after ....or did they say something yesterday?

    Keep loading up the debt ...what possibly could go wrong?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #6543
    ShareTrader Legend Beagle's Avatar
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    LOL I knew you would say that. Bottom line is some companies are selling what they build and SUM other companies aren't
    In OCA's case they are diversifying their source of funding. In SUM other companies cases they have to keep making bond issues to the market multiple times because of the above mentioned issue.
    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

  4. #6544
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    Will fix up......wrong part of original left...old eyes.
    Last edited by RTM; 25-09-2020 at 08:29 AM.

  5. #6545
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    Quote Originally Posted by Beagle View Post
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.
    ek2:
    Why is it perfectly logical ? Are you joking ? Is COVID caused by the Government?. Everyone has their hand out....who do you think pays ? Yes...I am a holder.

  6. #6546
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by RTM View Post
    Why is it perfectly logical ? Are you joking ? Is COVID caused by the Government?. Everyone has their hand out....who do you think pays ? Yes...I am a holder.
    State funded care is exactly that. OCA are caring for people as an agent for the state.
    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

  7. #6547
    Speedy Az winner69's Avatar
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    Bit of a worry when Mav says this - Meadow bank” sales on track but not as strong as “Sands”. (there were actually 49 apartment deliveries of stage 4 . Earl`s number of 64 is incorrect so the fact they have only sold 34 so far is as per expectations)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #6548
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    Quote Originally Posted by Beagle View Post
    State funded care is exactly that. OCA are caring for people as an agent for the state.
    Oceania putting their hand out is transferring money from tax payer to shareholders. Yes...I do know it’s not as simple as that.

  9. #6549
    Speedy Az winner69's Avatar
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    $125m easy peasy - huge demand

    Hope they put it to good use
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #6550
    ShareTrader Legend Beagle's Avatar
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    Smart move running a bookbuild to set the rate for these bonds. By early next month when the rate is set (5 October) rates will be plumbing all time fresh new lows.
    There will be heaps of demand as these are literally better than money in the bank as these are tradeable and most importantly NOT subject to the Reserve bank open banking resolution. I expect a rate close to 2%.
    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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