I'm sad that we both entertain this gormless idiot with responses to their idiotic posts, I thought I was beyond his inane vacuous nonsense, but for some reason I bit this time.
Tell me off if I do it again!
Printable View
Notice how some others here have changed their tune a bit based on the rally in price?
They are taking their instruction from the market rather than having their own understanding and estimation of the business fundamentals and intrinsic value.
Price going down, must be bad, awful company etc.. Price turns and rallies, change of tune.
For Bars Preview.
OUTPERFORM
Oceania Healthcare (OCA) reports its FY23 result on Wednesday, 24 May. OCA has taken a different path to its three listedpeers, with a high focus on building care suites, transforming profitability within care. OCA generates ~40% of underlyingEBITDA from care, of which the majority comes from care suites. We expect 15–20% growth in care suite annuity earnings,more than offsetting headwinds in traditional care. Despite major headwinds in FY23, including sharply higher financingcosts, we expect flat underlying earnings and ~+10% growth in underlying EBITDA. OCA had a record >500 units underconstruction at the 1H23 result in November, and we expect it to reach peak leverage around now. Its flagship 111 unitdevelopment, The Helier in Auckland, was scheduled for delivery late FY23/early FY24; weather may push this to FY24.
Care profitability: We forecast a slight increase in care EBITDA margins (from 11.7% in FY22 to 12.7% in FY23), a contrast to itspeers weakening care profitability, largely due to the success of its care suite offering.Net debt: As with its peers, the build up of debt is a focus point, however, we think OCA is near its peak net debt. We forecast netdebt increasing by just +NZ$40m in 2H23 and +NZ$10m in FY24, significantly down on the +NZ$122m added in 1H23.Opex: We see the possibility of aged care operators surprising with lower opex with the well flagged general inflationary pressuresbeing partially offset by the removal of COVID related costs (2H23 is the first half since 1H20 with no COVID related costs).Unit sales: Both ARV and SUM have updated the market with 1Q CY23 sales, and both came in slightly short of expectations. Webelieve in-line unit sales would act as a positive catalyst for OCA which has underperformed peers over recent months
yep im playing the price and am long for the short term based on statistcal pattern this time of the yr as for long term my opinion on business ( rv in general ) has not changed. that is they will not make profits like they used to anymore after the latest batch of reports esp if rates stay high
That FB report basically says don’t fret over F23 financials/performance because F24 is going to be a great year
As they say ‘It’s our year, go the mighty Oceania’