Both OCA and ARV have been shortest by the same fundie. The price movements are almost identical
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Both OCA and ARV have been shortest by the same fundie. The price movements are almost identical
Thanks for posting the Forbar debt analysis GreekWD.( On the" retirement village" thread)
Great to put the capital raising fear out there properly to bed.
It surely must make the OCA -CEO and CFO "employees of the month" for their applied prescience.
While I concur with 99% of the report there is one part I disagree with. Oca has never said anywhere , in any form, that they are throttling back construction. ARV certainly has. In fact OCA have clearly stated and tooled up for increased production the last few years with more staff and capital raises.
If anyone has any info on this I'd love to hear it.
Possibly this...?
https://www.sharetrader.co.nz/showth...l=1#post983973
May also be worth reading this also...
https://www.sharetrader.co.nz/showth...ree#post987037
No knowledge specifically. I would think that they would have to wait for an improvement in SP to correctly manage a CR, unless they were desperate or wanted to kill the SP. I am sure the major shareholders would have something to say about that. To help the SP recover throttling back on construction temporarily would have to be on the cards. They would have to make the best and most efficient (profitable) use of the existing assets they have before building more. This would be especially true with the precarious economy, interest rates, property sales demand and prices.
I think that just makes common sense. Must be waiting for end of year results to announce their forward plan.
Couple of things their Sailor.
Yes, it is 101 in hindsight... BUT.....so was us selling houses and paying down debts last year and selling OCA for $1.50. We all see how obvious that was now but to actually act on it at the time is a different story. That is where the directors shone over their competitors who didn't get around to it at the time.
Second thing is the clever stuff in their loans fineprint that Forbar explain really well to us non bankers. The way OCA constructed the loans ( capex vs expenses treatment of interest costs etc)demonstrates skill of a high level of expertise .
I think my question may have been misunderstood Bottom Feeder. I believe , as does Forbar, that no capital raising is required either now or in the future.
Coupled with the mega development Helier about to sell down there will be sufficient cashflow.
My question on here is has anybody heard that OCA is slowing the build rate as per what Forbar are stating.
I read and listen to everything OCA and this is news to me.
Just wondering if I missed something. Nothing OCA has done or said to date indicates it's not business as usual. I also dont forsee any issues that will cause a change in their plan.