the Wonders of life and the path forward to Prosperity.
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Originally Posted by
couta1
Now you couldn't get a better summary than that.
I have just had a nap and awoke refreshed and full of the wonders of Life and keen to relay the reasons for my profound joy to my fellow forumists.
A new Prime Minister rising to be a full International star---- Wait til there 2 or 3 infants waddling around Parliament and we'll see what a star really is. Slow to rush, reasoned, young, female and certainly not stale.
A very capable human reviewing the NZ taxation system and sensibly calling for submissions---done properly it will set the tone for huge financial prosperity for NZ.
And the final joy ----OCA at 97 cents??? On target for 84 Million Net and assets of 1 Bill+. On target for year dividend of 4.2--4.5 cents per 79 cent share (indeed 97 cent share) and Liz leading our company forward. Oh the wonders of life.
ummm remember Lion and Kirin
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Originally Posted by
dabsman
So how will that play out? If they dump they will destroy the price. 57% is huge. So assuming they gradually sell into the market, this will cap the price for months and months surely?
Not so, not at all. Not if its a good business. Remember the management team at Lion years ago selling their own shares to Kirin in the dead of night(in a matter of about 4 minutes) for a massive $5.40. The on market price at the time being far less. Kirin wanted a 45% share of a very good company so it actually put the price UP. As it turned out the Lion leaders that deserted the small shareholders were good riddance as the company flourished without them. But large parcels of good businesses will always be worth real gold. Yet another attraction of this excellent ethical company --so far.
Agreed with your observations Foodie.
[QUOTE=Food4Thought;710613]Hi Warren. I think the game here is to get it to $3.50 and beyond. 2028... Can't wait
Hello Foodie.
Well I agree 100% with you on your points. Yep, Southland/the South is tops--I had hoped a massive oil strike in the Great S. Basin that would turn Southern regions into a Dubai !!! I suspect we will live to see clean water become the next $100 a barrel commodity.
Yep OCA going good. I really support the 2 new Directors and looking forward to their leadership. Not actually long to May 30 th and the Annual profit figures??
Is the Jury out on whether really old folks will embrace the care suite model ?
OCA decommissioning a lot of care beds and converting them into care suites based on the occupation right agreement model.
They have a stellar reputation as service and care provides there's no question about that and also no question that these care suites offer a very high standard of facilities.
Further, if they can hit their forecast target of 8.42 cps this stock is the cheapest of the retirement operators by quite some margin and quite obviously directors and management have a LOT of skin in the game...So...what could possibly go wrong ?
Where I think the jury could be out is in regard to this consideration.
Its one thing to sign up for an occupation license agreement at age 70 when you might have a reasonable expectation of living about 15 years in an independent living unit and then have the flexibility to shift to a care suite / apartment as your needs change like RYM / SUM and others do at no additional cost to the original 20-25% loss one suffers on their original license agreement but I think its quite another thing to move into a care suite from scratch in your mid 80's knowing you'll lose 20-25% of one's capital in only a couple / few years occupancy.
I note SUM are having a few issues selling care suites at present and that's with a long runway of independent living environment unit occupiers who might want to change at very little cost, (I think from memory SUM charge 2% to transfer to a different unit / RYM are free).
Only time will tell. Disc: Still holding a moderate sized moderate conviction parcel. SUM have a more proven model with a good solid history of very high growth so hold 5 x the value there.
More than happy to hear other's opinion on this concern I have...Believe it or not Beagle's do use their ears and listen from time to time :D