OCA - Oceania Group - retirement villages

[SailorRob]

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

And what happened to the balance sheet Sport?

What happened to the old winner too.

[Balance]

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.

No sweat, Gwd - all cool watermelon on a hot summer day to me! No ego on the line as I am here to learn as much as I impart.

Sp crushed though from the decision to stop paying dividends, sell assets and slow developments instead of a CR?

[Greekwatchdog]

No sweat, Gwd - all cool watermelon on a hot summer day to me! No ego on the line as I am here to learn as much as I impart.

Sp crushed though from the decision to stop paying dividends, sell assets and slow developments instead of a CR?

Don't forget too add the Mint and Feta too your watermelon Balance. Its a great Greek summer salad.

[winner69]

And what happened to the balance sheet Sport?

What happened to the old winner too.

I see DMF on Balance Sheet went up from $45.334m to $45,830m in those 6 months

Doesn’t seem very much of an increase in light of all those sales …….must be consuming it at a fast rate

[winner69]

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

My bad.

Used the growth excuse eh ….couldn’t really say we shouldn’t borrow any more to do that growth so we’ll stop the dividend for a while ……and then do a capital raise

[mistaTea]

Used the growth excuse eh ….couldn’t really say we shouldn’t borrow any more to do that growth so we’ll stop the dividend for a while ……and then do a capital raise

Yeah. No idea about likelihood of a CR... but I would think that the $600M of debt must be getting a bit uncomfortable in the current economic environment.

[Balance]

Don't forget too add the Mint and Feta too your watermelon Balance. Its a great Greek summer salad.

Ah, must try that next summer!

Thx, Gwd!

One learns something new everyday!

[Balance]

I see DMF on Balance Sheet went up from $45.334m to $45,830m in those 6 months

Doesn’t seem very much of an increase in light of all those sales …….must be consuming it at a fast rate

Precisely!

Have to wonder how many shareholders or investors actually understand the implications of how they amortise DMF!

And what happens with profits and the DMF when sales stop growing (repeat, growing).

[winner69]

Yeah. No idea about likelihood of a CR... but I would think that the $600M of debt must be getting a bit uncomfortable in the current economic environment.

Forbar say it’ll be about $650m at March 24 year end

[Balance]

Forbar say it’ll be about $650m at March 24 year end

No CR imo but no dividend also.