Decrease of 29.6% in operating cash flow (p. 22)
Printable View
Decrease of 29.6% in operating cash flow (p. 22)
Result just confirms my long time theory in that’s there no money to be made in actually caring for people and running villages on a day to day basis is expensive. ……all profits come from building and selling things.
Seems ‘no money to be made’ is actually losing heaps.
Must have it all wrong though as they say they made $16,291 profit per care bed / suite in the six months (better not tell the government that bit)
its good that this came out Monday for the market to find it’s feet and feel with financials.
whole market is in an Omicron funk, pretty low trading day for a financials release (at least so far) will be interested to see how the big players rerate OCA and for operators in this sector with all the goings on whole sector is being a little shunned at the moment.
great to see decent divi back, that softens my unhappy Auckland blues.
Thanks and I agree that seems to be a widespread practice with company reporting, hence the value of a robust debate on here.
DK - dividend increase appears to be a return to normal practice of paying out 50-60% of underlying profit, (which is the expected range they stated as their dividend policy when they listed), with this one being the mid point at 55%. I am not sure why they were so miserable with last years interim dividend at just 1.3 cps. I have taken shares in lieu of dividend for quite some time now but am underwater with the last two which were issued at $1.53 and $1.404 respectively. I'd be super disappointed if in due course I was underwater this time as well.
Ouch :mellow: Thats unnecessarily harsh Beagle. Not all of us are as rich as you claim to be and what is “chump change” to you might actually be someones hard earned life savings. Some compassion and understanding of other peoples situation wouldn't go amiss in these tough times :)
Its in response to a number of personal attacks against me and repeated attempts by the poster in question to moderate out anything they see as negative.