why bother aye. plenty of multi baggers elsewhere ;););)
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I see it as cyclical if you take a longer view. If I get some at 20 cents I might get a ten bagger. :mellow:
Attachment 14384
I'm waiting for this sign to come out.
OCA may not need to raise capital. Currently trading significantly below their NTA of $1.34, they could become a takeover target, just like MET, Metlifecare before.
I don't see OCA requiring a CR. The only operator I see will be RYM.
This is an abstract from For Bars report 24/11.
Three reasons to be comfortable with OCA's level of debt
OCA's increase in net debt was higher than we had anticipated, following a familiar pattern over the last few reporting seasons across the aged care sector. That said, we remain comfortable with OCA's ~NZ$500m of debt for three reasons; (1) the value of finished, unsold stock is over half of OCA's total net debt. In addition, OCA's flagship development, 'The Helier' should deliver a net >NZ$100m in cash; (2) OCA has termed out its debt sufficiently. It has ~NZ$220m of debt headroom and zero debt maturing until FY28, and (3) we estimate that OCA could be free cash flow neutral already next year, depending on how ambitious its greenfield program is.