yeah I think you are right - re what the market is currently focused on, being covid.
but, for me, I'm more worried about what happens in 6-24 months from now after the effects from rising interest rates start to trickle through, than I am with peak covid cases at x thousand per day
In 3 years time OCA's share price will be far more dependent on what happened to interest rates and property prices, than what happened with covid.
Inflation & Interest rates are a double edge sword as they pinch you on both sides of the development margin equation - increasing your construction costs and putting downside on your resale values. and, more specific to OCA, wage inflation ramping up on an already high (and necessary) care operating cost.
sadly, for OCA, covid may simply just be the appetizer to the inflation & interest rate main course.