Very nice, should be a pretty quick return to $1.50 when and if that seller is done.
Anyway, not concerned with the short term price, $7.00 in 10 years is what I’m looking at.
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Our Brett ws on radio this morning
Said they and the others waiting for the government to come up with a plan
Really would like to see his residents getting 'rewarded' for getting jabbed by allowing family to come and see them ...or something like that.
Not happy with government - made that clear
At last we are seeing normal , "regular" sized buys getting onto the NZX after 2.5 weeks of absence.
Yesterday could very well be the day the large off market selling completed and normal market function resumes. If it has ( and the brokers aren't just at a tool box meeting this morning ) , then this just might be the finish of the relentless selling.....way too early to be sure though but its looking good so far.
Simple fundamental analysis of OCA - you don't need to know any more.
1) Retirement is here to stay and will continue to grow in to the distant future
2) OCA currently valued at significantly lower multiples than RYM and SUM
so a compelling BUY .... now and probably even in years time so why worry about a couple cents here or there today
BUY BUY ....and its CHEAP CHEAP
Help you guys out with understanding the most complex accounts presented by any company on the NZX.
Look for the term "Total Comprehensive income" in the presentation. That's the real earnings including all increases in the value of property during the year. The vast majority of earnings come from property so other methods of measuring earnings are far less relevant in my opinion.
Some practice for the forthcoming result next month http://nzx-prod-s7fsd7f98s.s3-websit...535/346452.pdf
See page 16 - Total Comprehensive Income $167.8m = total earnings of 23.8 cents per share for the 10 month period (annualized 28.6 cps).
I have learned that if you think of their real earnings any other way you're missing the point that the real value accretion to shareholders comes from property.
Sorry boring back office question. With the change of dates with OCA the dividend that was paid in Feb historically now moved to December? Assuming it has as the August divvy moved to June. I cant find this anywhere but I'm sure would have been announced somewhere.
I dare not dive too deep into the accounts because they can be quite confusing and complex as you say. I instead cheat a bit and read posts on here from the likes of you, Mav and W69 to get a better understanding of the financials.
The highlighted part of your post is why I sold my KPG and ploughed most of it into OCA. A better property co.
Why would you be sure about this? To the best of my knowledge does none of the large NZ retirement villages share capital gains with their residents ... unless they are share holders as well :):
On the bright side for residents ... if the property value drops, they don't need to share the losses either ...