OCA - Oceania Group - retirement villages

[SailorRob]

Do you know how to read a cash flow statement?

Try page 19 : http://nzx-prod-s7fsd7f98s.s3-websit...074/407731.pdf

OCA has been running cashflow deficits - funded by ever increasing debts.

Yeah clearly you don't understand how to read one.

The cash is pouring in...

Looking in the wrong section as you don't understand the model.

[SailorRob]

Yes, ultimately the CF statement tells the story.

With debt (excluding ORA's) sitting a touch over $600M and the market cap hovering around $400M... all other things considered with the economy, staff shortages, regulatory risk, higher interest rates etc etc...

With the company being valued at an EV of around $1B, I don't think one can argue that OCA is way undervalued.

Correct, saying way undervalued would not convey the message properly.

[Balance]

Yeah clearly you don't understand how to read one.

The cash is pouring in...

Looking in the wrong section as you don't understand the model.

Haha - which is why OCA is having to stop paying dividends, sell assets and slow down developments?

[mistaTea]

Haha - which is why OCA is having to stop paying dividends, sell assets and slow down developments?

Dividends have not been stopped, but have been significantly reduced. Does not negate the underlying point you are making, but just want to make sure our statements are accurate.

[Greekwatchdog]

Balance is just a little frustrated as he called out a CR that never eventuated so he has a crushed EGO.

They stopped paying one at the Half Year 23. I am hoping they don't pay a Final out on Friday 24th when they report.

[Baa_Baa]

Dividends have not been stopped, but have been significantly reduced. Does not negate the underlying point you are making, but just want to make sure our statements are accurate.

22/11/23 Half Year - "Oceania Chair Liz Coutts advises that “The Directors have resolved not to pay an interim dividend to provide for ongoing investment in Oceania’s growth and portfolio transformation. The Directors will consider a resumption of paying dividends at the next reporting date, after taking into consideration, cash flow, market conditions and growth opportunities.”

[SailorRob]

Balance is just a little frustrated as he called out a CR that never eventuated so he has a crushed EGO.

They stopped paying one at the Half Year 23. I am hoping they don't pay a Final out on Friday 24th when they report.

I'll try dig out his statements that a capital raise was guaranteed, and also teach him some cash flow basics.

Doesn't seem to understand the perpetual cashflows from ORAs.

[SailorRob]

22/11/23 Half Year - "Oceania Chair Liz Coutts advises that “The Directors have resolved not to pay an interim dividend to provide for ongoing investment in Oceania’s growth and portfolio transformation. The Directors will consider a resumption of paying dividends at the next reporting date, after taking into consideration, cash flow, market conditions and growth opportunities.”

No, no Baa_Baa. You're using facts...

You just have to make things up like balance.

[winner69]

Do you know how to read a cash flow statement?

Try page 19 : http://nzx-prod-s7fsd7f98s.s3-websit...074/407731.pdf

OCA has been running cashflow deficits - funded by ever increasing debts.

Heck Balance ….that shows they burnt through $60.5m and had to borrow about that much from the banks to cover it

And that’s just for 6 months ……and I thought they were at “peak debt” or some phrase like that

[mistaTea]

22/11/23 Half Year - "Oceania Chair Liz Coutts advises that “The Directors have resolved not to pay an interim dividend to provide for ongoing investment in Oceania’s growth and portfolio transformation. The Directors will consider a resumption of paying dividends at the next reporting date, after taking into consideration, cash flow, market conditions and growth opportunities.”

Ok cheers, so the resumption is not guaranteed in which case Balance's original comment was correct.

My bad.