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16-05-2024, 12:35 PM
#20251
Originally Posted by 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.
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16-05-2024, 12:35 PM
#20252
Originally Posted by mistaTea
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.
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16-05-2024, 12:40 PM
#20253
Originally Posted by SailorRob
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?
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16-05-2024, 01:17 PM
#20254
Originally Posted by Balance
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.
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16-05-2024, 01:26 PM
#20255
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.
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16-05-2024, 01:28 PM
#20256
Originally Posted by mistaTea
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.”
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16-05-2024, 01:34 PM
#20257
Originally Posted by 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.
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.
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16-05-2024, 01:35 PM
#20258
Originally Posted by Baa_Baa
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.
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16-05-2024, 01:52 PM
#20259
Originally Posted by Balance
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
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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16-05-2024, 01:52 PM
#20260
Originally Posted by Baa_Baa
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.
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