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  1. #2421
    ShareTrader Legend Beagle's Avatar
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    Default Are we close to the bottom ?

    Who knows but its interesting looking back at annual FY18 results presentation of OCA. NTA was $1.04 as at balance date and went up 12 cps in the year from 94 cps in 2017.
    NTA doesn't include development work in progress or the intellectual property value of all their consents obtained (but does include actual cost of getting consents). I would think at $1.10 at present OCA is trading right about in line with NTA at the half way point of the year in November and we're getting all the IP of the company including its stellar reputation for late stage care and the future IP value of resource consents already granted for nothing. Don't ever underestimate how hard it is to get resource consents for new or expanded villages. One of the absolute key's to this business is not only the key advantages of their business model in terms of churn rate but also the fact that it has years of future growth in its scale already consented ! When I see a really great business model with terrific IP thrown in for nothing I see a truly compelling long term investment proposition so this is my #1 listed investment position and #1 pick for 2019.

    If it goes down a few more cents in the short term I won't be growing any more grey hairs over that. This is a long term bottom drawer stock and a fantastic vehicle to build wealth in a relatively defensive sector for the foreseeable future and in my opinion the investment metrics are awesome. Next dividend due in February which isn't that far away now.

    DYOR though...this is just my opinion and is not advice.
    Last edited by Beagle; 16-12-2018 at 01:46 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

  2. #2422
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    Where do you find a NTA of $1.04? Everywhere I look it is $0.8516 on direct broking. On marketscreener it says book value per share is at $0.889 for 2018 and $0.9238 for 2019 and $0.9478 for 2020.
    Plus another value
    https://www.hhg.co.nz/news/peripheral-stock-focus-oceania-healthcare/
    Last edited by Ggcc; 16-12-2018 at 06:39 PM.

  3. #2423
    ShareTrader Legend Beagle's Avatar
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    http://nzx-prod-s7fsd7f98s.s3-websit...282/283328.pdf

    Page 36 analysts presentation...lots of other interesting facts and figures in there as well
    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. #2424
    Reincarnated Panthera Snow Leopard's Avatar
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    Quote Originally Posted by Ggcc View Post
    Where do you find a NTA of $1.04? Everywhere I look it is $0.8516 on direct broking. On marketscreener it says book value per share is at $0.889 for 2018 and $0.9238 for 2019 and $0.9478 for 2020.
    Plus another value
    https://www.hhg.co.nz/news/periphera...ia-healthcare/
    Somebody has confused NTA & NAV.
    Rookie mistake.
    om mani peme hum

  5. #2425
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    Somebody has confused NTA & NAV.
    Rookie mistake.
    and in Oceania's case the A doesn't stand for Asset

    NAV is their fandangled thing called Net Adjusted Value
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #2426
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    Somebody has confused NTA & NAV.
    Rookie mistake.
    I'm looking forward to your expert analysis fully explaining the difference between the two
    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. #2427
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    I prefer NRV
    Net Realistic Value

    OCA around $1.30
    ARV around $1.60

  8. #2428
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    Quote Originally Posted by trader_jackson View Post
    I prefer NRV
    Net Realistic Value

    OCA around $1.30
    ARV around $1.60
    I predict that the OCA SP will match or overtake ARV by the end of 2019.

  9. #2429
    ShareTrader Legend bull....'s Avatar
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    goodbye to 1.10 , see what happens at 1.08
    one step ahead of the herd

  10. #2430
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    Lot of Christmas selling, holidays to be had, decks to build and just plain boredom selliing.Lol

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