Unless there are premium rooms available then it doesn't make the company any more dosh from having private paying residents over subsidised residents.
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What’s the mystical dark arts, known as TA, say about OCA? I thought the $1.40s would have held 😕
I think Mr B is showing signs of lockdown fatigue ...we all in AKL are troubled souls at the moment ....but Mr B is having some vaccination debate trouble at home too to add to the pressure . I fully understand that strife in the mind as had experienced the same within my extended family .
Thats making him very different these days ....He is a very objective analyser and his readings are mostly correct and it helps many here to get his confirmation too about the stocks we hold . But these days he is little down and pessimistic about many things like OCA ...This will also pass ...we know from world experience that all countries have gone thru this widespread community covid time and then they started to ignore it ...NZ will also be same
This is short term blip to sentiment which will recover when 90% hit and markets are euphoric that never again any lockdowns ...just endemic Covid in the community forever . All will learn to manage that in real life after managing it in mind first
OCA surely is a dog amongst Retirement Village stocks ...always underperforms ...not a good sign that its not a market leader in any category but maybe it will be in times ahead ...leader of the common masses ...more volumes ...less margins model with small offerings of all other types also in the portfolio .
I think its heading close to 135 but it should be good buy now for medium term investors who have faith in deep analysis of many here including Mr B ...though at present he is not sounding very positive ...:p
Ok, so here goes. First post, long time lurker and passive observer.
Like many of you I’m excessively overweight in OCA, mostly due to the repetitive press of the buy button late March 2020.
Whilst having a portfolio size well below what I suspect some you old dogs are sitting on, and well done to you, I feel it time to throw in my 5 cents worth, if one can value it to that degree.
Over time I have developed a toolbox of resources that assist my decision making regards which stock and how much to invest, and as some of you commented recently, OCA remains on my buy list with whatever spare cash I can find under my wife’s side of the bed. Objective: wealth generation for retirement which scarily gets closer and closer.
Such tools include my self-learnt interpretation of charting, deep diving into financial accounts (as much as my small brain can understand) online resources of which there are many, even including the entertaining Joshua Wang and his insightful youtube comparison of OCA to peers. Marketscreener, which can only look at the fundamentals even holds a solid buy recommendation with average target price of $1.71. Avoiding too much weight on any individual resource, putting them all together and comparing each retirement stock, NTA’s etc my conviction remains firmly in favour of OCA.
So the analytical side of my brain maintains high conviction for this stock. But that’s not the issue. Sharetrader, which I’m sure was established to assist learning, sharing analysis (safer to stay with the pack perhaps?) and providing a forum for the exchange of insightful experience has instead for me become the test of ones emotion towards a stock. Comments aimed toward driving fear or greed at extremes need moderation and I try to avoid reacting when I read such. If I do react, why? Self-analysis is tough at the best of times….
Back to OCA, the decline of OCA correlates to specific events that exacerbate the selling pressure especially with this stock. Whether it be a suggestion of Govt intervention, property price predictions on the back of rising interest rates, the Cap raise, Earl’s selldown and currently ARV’s raise necessitating some portfolio rebalancing. The corresponding decline in SP becomes self-perpetuating. Long term so what? Again, one needs to remember why they bought in the first place (unless of course you’re a trader). I agree with some that the large gap between news can be ‘testing’, but lets keep positive. Further drops in SP are nothing but an opportunity. Period!
I was one of the few scooping up more yesterday and if you can point me towards a better opportunity please do so. My portfolio remains firmly in 8 NZX stocks (1 growth), two ASX and I’ll leave Milford to deal with Kiwisaver. Several years ago during my ‘pre-formative’ years I must have had 20+ stocks, knew little to nothing about each and then grew up. This wasn’t a game, and as close to gambling it may be de-risking through learning became the objective. Not there yet but heading in the right direction.....
I won’t list specific names, however some of you I have the utmost respect for your valued contributions. For that reason I’ll continue to ‘lurk’ around these pages and offer something when I have something intelligent to say. Thank you. As for OCA, still some years off retirement and sleeping easy.
Best