OCA - Oceania Group - retirement villages

[SailorRob]

Is a company that has a billion dollar non callable interest free loan and another 500 million on very low rates for decent duration, worth more in a higher rate environment or less?

[nztx]

What's the Bricks & Mortar worth ?

[SailorRob]

What's the Bricks & Mortar worth ?

Far far more than the cost price.

It was all built in the old version of colourful pictures of dead people and queer birds. Managed by the two fat controllers, the new versions are worth much less.

[davflaws]

Far far more than the cost price.

It was all built in the old version of colourful pictures of dead people and queer birds. Managed by the two fat controllers, the new versions are worth much less.

I really don't understand the second paragraph of your post. Can you put it in other words please.

[SailorRob]

I really don't understand the second paragraph of your post. Can you put it in other words please.

It was all built with old New Zealand dollars, before the currency was dramatically devalued.

I should have said colourful notes.

So assets built with old dollars but earn new dollars. I'll find a quote from Buffett describing the effects.

But essentially replacement value is nominally going to be much higher.

[bull....]

Too many downrampers, the rot is setting in a bit. Unfortunate that a good company with excellent management is being savaged by innuendo, misinformation, exaggeration, and emotive language. No doubt that is why the SP is stagnating. Sounds like Mafs all over again.

I've been harrased and told to get my facts straight in the past, I make the same suggestions to everyone else.

lol , guess that's why rym , sum and arv are down similar % too.
bloody down ramper's have caused all these stocks too fall and what is amazing they are all down similar %. it must be algo driven down rampers

[Bjauck]

I really don't understand the second paragraph of your post. Can you put it in other words please.

Something to do with a story by Roald Dahl or Wilbert Awdry? Charles III’s currency is worth quite a bit less than his mother’s

[Entrep]

Too many downrampers, the rot is setting in a bit. Unfortunate that a good company with excellent management is being savaged by innuendo, misinformation, exaggeration, and emotive language. No doubt that is why the SP is stagnating. Sounds like Mafs all over again.

I've been harrased and told to get my facts straight in the past, I make the same suggestions to everyone else.

I was going to post that you think too highly of an anonymous forum, but then I thought that maybe the NZ market is so miniscule, the postings here could have some effect.

[Rawz]

I dont think retail investors move SPs of companies like OCA

Maybe IKE or GEN type companies

[winner69]

Jenny Ruth BusinessDesk did a piece on retirement sector cash flows and quoted Decker from Jardens a lot -main point being Underlying Profit is not a good measure of cash flow and companies should be using AFFO (– adjusted funds from operations).

Piece in the article quoting Decker - “Ryman has produced $33m of Jarden Affo over the past five years versus over $1b of underlying profit and $539m of cash dividends,”

Pretty damning

My workings seem to indicate that Oceania has produced negative AFFO the last few years .... and still pays dividends

I wonder how Oceania will be presenting cash flow in results announcement ... spotlight has been on Ryman and Summerset showed some initiative in presenting their steady state cash flow (positive)