Maybe just a small leak? Who knows ...
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there was something in the budget for retirement stocks ... well sort off they scrapped the price cap on houses for first home buyers help support the sagging housing market
I think they want to enable first home buyers to mop up all the properties that landlords want to dump before they can no longer claim interest against. Nice to see OCA up today.
Oceania positioned for growth - NZX, New Zealand’s Exchange
Oceania today announced unaudited Underlying Earnings before interest, tax, depreciation and amortisation (EBITDA) of $76.2m for the year ended 31 March 2022, a 16.2% ($10.6m) increase on the year ended 31 March 2021.
Highlights:
• Oceania announced to the market on 9 May 2022 that it had entered into conditional agreements to purchase Remuera Rise (Newmarket, Auckland) and Bream Bay Village (Northland) for approximately $57 million.
• 450 sales across independent living apartments, villas and care suites throughout the year to 31 March 2022.
• 550 units and care suites under construction as at 31 March 2022 and 300 units and care suites forecast to complete in the year ended 31 March 2023.
• Operating cashflow for the year to 31 March 2022 was $105.5m, compared to $96.0m for the 10 months to 31 March 2021, reflecting strong first time sales and resales during the period.
• Total assets increased to $2.2 billion as at 31 March 2022, compared with $1.9 billion as at 31 March 2021.
• Oceania’s net adjusted value (NAV) has increased to $1.38 per share.
• Increase in facility size from $350 million to $500 million and an extension of maturity date to Financial Year 2028.
• Final dividend of 2.3 cents per share (not imputed) announced. This will have a record date of 7 June 2022 and will be paid on 21 June 2022. The Dividend Reinvestment Plan will apply to this dividend.
Reported $56.7m so you must be a bit disappointing eh Maverick (in $ up 16% but eps on my calcs about the same as last year)
But no worries they headlined they are 'positioned for growth' so no worries
Ny view Book Value per share up 10% to $1.32 ....not great but OK
I think it says $1.38