Has that inflection point been reached yet?
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Has that inflection point been reached yet?
Can't recall if they mentioned 9% increase inclusive or exclusive of the $1m extra Covid costs but you can see for yourself here on page 19 http://nzx-prod-s7fsd7f98s.s3-websit...708/360534.pdf that the total employee costs are up from $68.3m to $77m a 12.7% increase ! I presume the extra over and about the 9% they were talking about in the call is in regard to the new Waterford village at Hobsonville.
Even if you back out $1m from that $77m (76 / 68.3) = 11.3% increase and back out the 3.7% increase for new employee costs I presume pertain to Waterford that's still a 7.6% increase in employee costs which is consistent with previous years increases...BUT Earl told us the employee cost inflation would ameliorate going forward and go up broadly in line with MOH funding and quite clearly this is not the case.
In effect, while much is made of the increasing DMF revenue over time, the lions share of these gains are being eaten up by employees and up to this point shareholders are just getting the scraps left over. Whether that will change over time going forward remains to be seen but I see no sign yet of the rampant employee cost inflation abating which is a concern.
Reflection point then....:eek2:
Seriously. Why do you people hold OCA if you are so down on them all the time? You are literally never happy. If you don't believe in the company, just get out (of OCA and this discussion), and give the rest of us some peace and quiet.
We are like drug addicts. When we are using we are feeling great. When we run out all we are looking for is another hit
Yeah this is a stock we love to hate. Its not even about getting returns for me anymore lol
I've been thinking about this while swimming some lengths. Approximately 80m new shares entered the system 24/3 to raise 100m$. That means this cash has only been in the system for 6 months. I think it would take a little more time than 6 months for the new cash to start making cash. Surely acquisitions require settling in time for the new money to start generating income. Therefore, eps increases may not show massive increases at this point but hopefully come through in the future. I might be wrong of course, will dig deeper.
What is the value in the forum if not to debate the pro's and con's ?