Originally Posted by
value_investor
The only reason why I have a small parcel of ownership at this moment and not a larger one is because while they may reach their IPO forecasts. I haven't got enough to go on in terms of FY19 results and beyond. This is why I see it priced at a lower valuation than the others in the sector. Is this going to be a 5%, a 15% or a SUM type game of 25% growth year on year. Unfortunately, the company is too young in terms of available information to make any calls.
The land bank is impressive and a lot can be done, however the amount of units being built at scale has not hit the heights on some of the others in the industry. While the demand in the care industry will come, we'll see how much of it comes to OCA and when.