Sugar babes... money talks man
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Sugar babes... money talks man
Hi team, my very first post in any forum. Thought I jump into the fair value discussion.
In case someone cares, I bought during COVID and held for too long and sold with no profit or loss. But watching the stock closely.
I calculated a fair value of $0.72 per share. (based on margin of safety calculation that I adopted from the book 'Payback Time')
Assumptions
EPS = $0.09 (not a TTM value as proposed, but rather a realistic value based on previous years)
Growth rate = 8% (hard to calculate for this company atm, yahoo finance has much higher values)
PE Ratio = 15%
MARR = 15% (minimum acceptable rate of return)
MOS = 50% (Margin of safety)
Based on that my MOS price would be $0.36 which seems really unrealistic. Plus I can't really see an uptrend yet (based on moving averages)
I found other operators to match my calculations better atm, so I will wait and watch Oceania for now.
Happy for advise and opinions. Cheers
No investment advise but rather my opinion.
4000 shares ... nothing to lose bull!!!
Hell in a hand cart is where sharetrader.co.nz is heading IMO. This thread is a pretty good indication where things are at.
Anything goes.
The odd bright moment exists on this site but rapidly being overtaken by trolly BS. Folks pop up now and then trying to get things back on track but the usual suspects drown out the more moderate souls.
What on earth is with all the childish oneupmanship?! Pretty low rent behaviour 😔
(Verse 1)Fair points, my friend, I hear what you say,In this online realm where opinions sway.On Sharetrader, you've had your say,But on OCA, you're yet to convey.
(Chorus)Oh, let's redirect the conversation's flow,Share some thoughts, let new ideas grow.Let's get back on track, ignite the flame,Engage with the thread, for we're all the same.
(Verse 2)Amongst your 29 posts, complaints reside,But now's the time to turn the tide.Open your mind, let the words unfold,Contribute to OCA, let your story be told.
(Chorus)Oh, let's redirect the conversation's flow,Share some thoughts, let new ideas grow.Let's get back on track, ignite the flame,Engage with the thread, for we're all the same.
(Bridge)For in diversity, wisdom is found,Different perspectives, a rich ground.Let's build bridges, let understanding bloom,And let our words shine away the gloom.
(Chorus)Oh, let's redirect the conversation's flow,Share some thoughts, let new ideas grow.Let's get back on track, ignite the flame,Engage with the thread, for we're all the same.
(Outro)So, my friend, let your voice be heard,Contribute to OCA, spread your word.Let's foster dialogue, let's rise above,And together, create a community we love.
and the music soundtrack might be:
Intro: Soft piano chords or acoustic guitar strumming
Verse 1: Gentle percussion, subtle bassline, and light electric guitar riffs
Chorus: Full band instrumentation with catchy melodies, driving drums, and uplifting chord progressions
Bridge: Transition to a slightly more subdued section with a focus on piano or acoustic guitar, building up gradually with strings or synth pads
Chorus: Return to the energetic full band arrangement, possibly with additional layers and harmonies
Outro: Gradual fade-out with the instruments slowly fading away, leaving space for a gentle piano or acoustic guitar outro.
Overall, the musical arrangement should complement the heartfelt lyrics and convey a sense of positivity, growth, and unity.
---AI---
Thankyou Baa Baa for your poem. I'll share some thoughts.
Just like human beings personality of a stock can change at any Time. Not only volatility, I have experienced mini-cycles in stocks as well.
https://www.polencapital.com/wp-cont...ne-720x405.png
Exactly my concern is that OCA might be taken over at a price that undervalues its true worth. My approach is to be patient and let the market realise OCA's actual value. Meanwhile, I'll keep participating in the Dividend Reinvestment Plan (DRP).
Some might get frustrated when investments don't immediately pay off, but I'm in a position where I don't need the funds from this investment for at least the next 20 years. Even if the value dropped to zero, it wouldn't affect me financially - it would only be a hit to my pride.
In my view, investing in OCA represents a situation where the potential gains outweigh the risks, (asymmetric risk-to-reward). It might take time, IMO this investment will prove beneficial in the long run. Remember, investing isn't about quick returns; it's about long-term growth. Patience is a key part of this process.
Adding onto my previous points, I find it intriguing that Elizabeth Coutts, has also been purchasing shares on the open market. Her decision to buy could be interpreted as a sign of confidence in the company's prospects. If she wasn't confident, such a move would essentially be a "gamble" which is unlikely for someone in her position. This further solidifies my belief in the company's potential for long-term growth.
JOh13 wrote:
"Remember, investing isn't about quick returns; it's about long-term growth. Patience is a key part of this process.
I had that same idea.Discipline is also a key part of this process(success). Successful investors will stay out of the market, if they see some warning signals.Similarly, they will come to the market when they see great opportunities. Good luck!
im getting back on track now about OCA
im not a great believer in instrinsic value stuff , obviously you are based on your very large investment in OCA
perhap's you may share with us your workings on how you valued the company to achieve your over $1 valuation.
anyway why we wait for joh fundamental valuation analysis here's a take on the technical's
after posting lows around 68c it punched up to 84c , currently it has found support at 74c which was roughly 61.8% retracement level down from 84c and has pivoted up from this level which implies 74c is also pivot support
going forward if we take out 79c would be considered bullish short term
on a optiimistic note today is quarter end which hopefully may attract some additional buying , a close over 80c would look good on a weekly chart , a close over 84c would be great on a mthly and quarterly chart
of course technical analysis can be viewed in the same light as instrinsic valuation ie garbage in garbage out lol
Deleted for irrelevance.
Great we are back to the thread theme. Long may it last! And, btw, good questions (not just yours) as well for Joh13.
While he is typing, maybe I might talk about my reasons to invest into OCA.
But first, lets put that into context ... I am a fan of diversification with a set limit of roughly 10% for high confidence stocks. For OCA I extended this limit somewhat - I invested roughly 15% of our NZ share portfolio into OCA. Holding as well some other retirement stocks (RYM, ARV and INA on the ASX), but in smaller amounts.
So - what are my main reasons to favour OCA?
1) Location, location, location: I saw (and see) in OCA the amazing potential which you get in real estate when buying the most run down house in the best street. You get the benefit of the great location for a discounted price. This is where OCA started - a lot of old run down old people homes in amazing locations ... Obviously - it does cost a lot of money (some people call this investment) to renovate (or in this case) to tear old houses down and build new ones while still operating a retirement village. I see that OCA moved by now through the majority of the transition - I expect them in the years to come to reward their investors better than the other retirement villages reward theirs.
2) Offering a service people need (focus on care) vs. competing for the best cruise ship experience for able bodied clients: Just looking at the population pyramid and our health stats, you don't need to be a rocket scientist to predict an increased need for good quality care. The grey tsunami still coming in and you don't need to visit a KFC to notice that the number of obese and in general unhealthy people is going up.
While many of them won't be able to afford an OCA care place (unless politics rethinks), I do see as well the number of old people in need for care increasing who can afford to pay for it. OCA is ready to provide this service.
While I do see a healthy potential and tailwind for the whole industry - I think that OCA is at current one of the better bets, when looking at their future perspective.
And obviously (but this is true for all REITS) - as soon as we get off the current interest rate peak, REITS will go up. They always do. This is a good reason to buy at the current time REITS, including OCA.
Good rational and fair input BP
Yes good post apart from comparing OCA with REIT rubbish that doesn't produce anything.
Well, it appears you don't understand the nature of retirement villages, but this is ok. Maybe you don't understand the nature of REITS either, but this is ok as well. Everybody is here welcome to comment.
On the other hand are you amazingly proficient to spice your ignorance with strong words. Some might call this providing spice for the discussion, others might have stronger words to describe your contribution, but anyway - cheers for your comment.
They certainly provide colour.
Thanks BP.
In terms of assessing SUM vs OCA, OCA has always underperformed SUM share price significantly. I take it you think this will resolve in the future and that OCA is comparatively undervalued?
SUM has compounded earnings at a higher rate than virtually any company anywhere in the world anytime in history. Starting off a low base.
Was a 10 year CAGR close to 50%
Different things? - Yes and no. It depends very much on your viewpoint and which definition of REIT (Real Estate Investment Trust) you choose.
Very important? It does add no value at all what definition of REIT you use, as long as you understand what your investment is doing.
If you take the basic definition of a REIT (from investopedia): "A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate."
Isn't this exactly what OCA is doing? They own Real estate (tick) and they operate real estate (tick), which generates an income (tick). They charge their clients for the use of this real estate using various fees and charges, and part of this operation is to add some for this special customer group essential services (like care).
Of course - there is no point in just buying any REIT, you need to look at what you want from it and what it is specifically doing.
Lets look at a different example. You want to buy a car. If you want an economical shopping basket, than might buy a Ford Fiesta (and lets avoid to start discussing the benefits of various cars here, shall we). If you want a car which is able to pull your boat from one lake to the next, you might prefer something bigger and with 4WD.
Both vehicles however would be cars and useful for the intended purpose.
So, there are REITS (like e.g. ARG and KPG) focussing on providing space for a certain clientele. Often buildings for special customers, but as well providing rental accommodation. Different type of REIT business, but they are REITS.
Other REITS are buying land, subdividing it and selling it on (e.g. CDI). Different type of REIT business, but they are REITS.
Some REITS are owning and operating hotels (like MCI). Again - different type of REIT business, but they are REITS.
And than there are the retirement villages. They do provide an important service to their clients, but the core of their business is owning and renting out real estate. Any retirement village not owning their real estate would need a totally different business model, and I am not aware of any successful retirement company which does not get most of its cashflow from owning and renting out real estate. Do you?
But no matter which definition you choose for REITS and how you would like to call Retirement Villages - it is important to understand that the market treats retirement villages as REITS (and there are some people who say the market is always right).
Interest rates up - REITS down, Interest rates down REITS up. Did it ever occur to you there might be a reason for this correlation?
And yes, there are some REITS who do better than others ... but this does not mean that they are no REITS.
Looking at the current valuations - correct.
If you go some years back, you will find that SUM used to be at some stage as well one of the underdogs, but they managed already to climb out of this hole - different start time and start conditions than OCA and a different business (cruise ship experience for healthy clients).
No it's not what OCA is doing. There are only two posters who truly understand what OCA is doing and that's Maverick and Baa_Baa.
If REITS are about income producing real estate then they had better find some! Net Cash flows produced by their 'assets' are extremely thin vs prices they pay. Very ugly situation that will only ever look marginal in a ZIRP world.
Nobody can predict what rates will do, one could say they're not high right now, only in comparison to post GFC ZIRP.
Agree that OCA is trading with the dog REIT model.
And there's the opportunity.
Have spent many years here SailorRob and have immensely enjoyed following the discourse. I'm not one to participate much (my Vodafone email address actually prevented that for some time) but will freely call out bad behaviour when I feel I've reached my limit with various crap. It just feels the "various crap" seems to be more prevalent recently and may explain my high percentage of complaining posts that you decided to do some analysis on.
It may be that I yearn too much for the gool old days when there was a certain general level of restraint and respect for others.
You are not alone. You also do not need to post unless you wish to, or justify yourself if you choose not to.
Sailor Rob - your implication that one should not complain about other people’s posts, unless they are willing to contribute something themself, is something you have expressed before. It is unfair and unacceptable in my book. Everyone has the right to complain/pull other posters up, for trolling, personal attacks or any other post that is inappropriate or intended to side track a thread. At the same time, there is zero requirement to post - if people wish to use the forums as a “read only” source of information or support, that is perfectly fine.
Well your book could be (is) very wrong.
Only a very certain type of pathetic individual will have the audacity to complain when they are consuming a free service that they can simply just not read if they don't like.
Otherwise perhaps they can feel free to bring back on topic with their own thoughts.
In popular culture these types of people are called 'Karens' and this is NOT a personal go at you and I'm not talking about you.
I think if we conducted a mass analysis of those who think it's a god given right to go round whining and complaining about things that they contribute nothing to and consume for free we would find they perhaps fall far behind those who 'do' rather than 'cry'
Zero requirement to post, exactly. So don't post whiney crap.
Back to OCA plz....this thread is not for koro s to mourn....
In an ideal world, all posts made on this thread would be in-depth analysis about OCA, debates, updates ect. But we don't live in that ideal world and occasionally the thread will go slightly off topic, but still will usually pertain to general finance. I have no problem with "trolling" nor so called personal attacks and the better way to approach such posts would be to explain in detail why that poster is wrong.
Ironically the posts complaining about trolling have taken the thread off topic again.
Wow. Guess you’re not the person I thought you were if that is how you truly feel.
Sharetrader is currently a free forum. There is no charge to belong and no requirement anywhere that I can see, for anyone to post. There are heaps of members here who never or rarely post. I was one of them until I got the confidence to do so. We are not all as knowledgeable and experienced as you are. I have nothing to contribute in terms of analysis or financial skills or experience. I post only on subjects I have some knowledge of, which is usually from a personal experience perspective such as aged care discussions. If it were not for that experience I would have nothing of any value to contribute.
As for your “Karen” reference, you have no idea how tiresome that becomes. I get it constantly - usually by men who can’t come up with anything original. The fact that you referenced the Karen meme here - regardless of the “not directed at you” clarification, makes you no better than them.
If the constant trolling, and other frustrating behaviours in this thread in particular, don’t bother you, that’s fine. They bother many of us, and we are entitled to complain.
I have a fair amount of respect for you most of the time, but you are arrogant and intolerant of others. Which is also getting tiresome. There is little of value in this thread now, so I will leave you to it.
You might 'get it constantly' but not from me. As I said nothing to do with you.
Everything you say is technically true.
As my old boss used to say, he and his mate are perfectly entitled to ride 2 abreast on the road (road cycling). He's not breaking any laws.
But.
Doesn't mean it's a good idea.
Just because people are allowed to behave in a certain manner does not mean they should. That goes for me as well.
As I said, if you are going to consume a service for free that you don't contribute to and you have the audacity to complain in 15 out of your 29 posts, hey yes you can do that, but it doesn't mean it's a good idea. Nor is it a great use of time to defend this behavior.
I LOVE it when I come across road cyclists riding 2 abreast.
All I hear about is ENTITLEMENT and RIGHTS all the time, usually from these types of people, but what I never hear about is obligations.
Future share price expectations should be based on dreams. Dreams often come true
Future share price expectations should be based on fundamental analysis... That is analysing the available financial statements, forecasting what you believe to be likely outcomes for the company, and therefore projecting out future cash flows.
You could call that dreaming I suppose, but I certainly wouldn't. Dreaming is when someone decides to purchase stock in a company like Tesla because the share price has risen 100% since January with no real knowledge of accounting, and have never read a financial statement in their life.
I fully acknowledge that we all have our unique investment philosophies and strategies. I've always been more inclined towards fundamental analysis and intrinsic value estimation, I appreciate the insights provided by technical analysis, and incorporate both.
Regarding my valuation of OCA, it's rooted in my belief in the company's long-term growth prospects. The substantial investment I've made in OCA is a testament to my confidence in the future growth of this company. I consider factors such as the forecasted earnings growth dividend yield, and insider buying among others. My valuation also takes into account the broader context of the industry, baby boomer growth, and the potential for future growth and expansion. However, I must admit that this is a subjective process and it's entirely possible for two investors to arrive at different valuations based on the same set of data.
As for the technical analysis, your points about the stock's recent price movements and key support and resistance levels are well taken. Indeed, the stock has shown some resilience at the 74c level, and breaking through the 79c level could indeed be a bullish sign.
As with any analysis method, both intrinsic valuation and technical analysis have their limitations and should be used as part of a broader, holistic approach to investing. I completely agree with your "garbage in, garbage out" sentiment - the quality of our analysis is only as good as the data and assumptions we use.
In the end, whether we're fundamental investors, technical traders, or a bit of both, we're all here to make informed decisions and, profitable investments...time will tell.
Nice post Joh. Could not agree more. On top of that, the icing on the cake is your gut feeling, (hunch) for getting in or getting out. That has served me well many times. It factors in mood of markets, current Government and pending legislative, world events and markets, fear. Covid scare 2020 classic example. Timing and patience crucial.
If you could time markets consistently you'd quickly find yourself the richest man on the planet. The main reason for most active investors underperformance compared to index funds, is that most people jump in and out of investments and are usually wrong to do so. The average investor holds shares for 5.5 months, absolute insanity.
The fact that you can sniff all the BS and shysters at your age ValueNZ is a bloody breath of fresh air.
For the rest, have a think about things occasionally.
Consider what it would mean to be able to hunch yourself in and out of OCA and what that would mean for percentage returns.
That statistic was from a yahoo article but I think they based it off a 2020 stat which would be quite a bit lower than it is now.
This article might be closer to the truth at 10 months, but regardless of whether its 5.5 months or 10 months it's still an absurdly low period of holding.
https://www.nzherald.co.nz/nz/auckla...CIVS7QCTQYJDQ/
Something sounds fishy
Yeah someone's lying about the situation.
I'm actually guessing the truth is because of the government's failure to increase care costs Oceania has chosen this facility as a sacrificial lamb. To show the government if they don't do something soon bigger facilities will close as well.
Will be interesting to know, given that we all know pure rest home care is unprofitable, and this Wesley Care Centre is an operating lease providing pure care services, i.e. Oceania will be making a loss on operations, whether they are just quiting the loss, or some other reason.
Heartless it may appear to be, but right there is the ethical conflict you have as a shareholder, whether you're happy to make a loss at the Wesley Care Centre or cut the losses by not continuing the operating lease. Dig deeper into how many other properties are pure care, operating lease arrangements.
I'm not sure how I feel about this yet, as a shareholder. I'd like to know a bit more about the circumstances for this decision. I'd also like to know what arrangements OCA have to relocate their residents.
That's an idiotic and stupid thing to say. Winner69 is, as usual, stirring the pot. I'm not sure why, but it's not unusual for him? to be sarcastic. At his age you'd think he would grow up and engage in productive discussion.
The Helier is not a rest home, it's luxury retirement apartments at the very top end of NZ choices for retirees' who can afford millions to get into it, with care close at hand. The comparison is ridiculous.
The Wesley Care Centre is a bog standard rest home, on a lease arrangement, just standard one bed rooms rest home, some 'premium' (that means a toilet and shower - or ensuite if you like), with communal resident space for the mobile residents, and hospital and dementia care for the less so. Just the type of rest home that is prevalent across the listed and not listed RV sector that is so vulnerable to the governments' under funding of rest home care.
Many of the residents will be on the government funding, some will be paying for it themselves if they failed the assets means test. But it's still just the most basic of care facilities, which as we know, is not viable for Oceania, or for that matter, any listed RV aged care provider.
It might be confronting if it turns out that Oceania quit Wesley just because it's not profitable, but it's an important business decision, a careful balance of good business, shareholders expectations not to sustain unprofitable properties, against a considered and realistic exit plan for residents.
Agree, but we don't know the whole story yet do we, both parties are reporting conflicting statements. I assume it will become clear very quickly where each party stands, as especially Oceania have an obligation to disclose, whereas the landlord has no obligation.
I only hope that the exit from Wesley, if that's what's happening, is considerate of the residents. Having had parents in these types of facilities, it would be traumatic to have to move, let alone to have no where to go and be turfed out .. after all, they're way beyond making decisions for themselves.
I think the ball is in Ocenia's court to explain what's really going on and what they're doing about it. So far it's not looking good, but I suspect there's a decent story behind it.
Sometimes and this might one of them, it would be helpful if the discussion wasn't flippant, cynical, obtuse or ignorant.
When something important happens, with our investments, an open honest and thoughtful discussion is helpful, whereas all the game playing nonsense is not.
Hopefully we can discuss this openly and honestly and form our opinions from it, otherwise the discussion is of no use.
OCA have a choice here, we'll see soon how they respond,.
The true measure of the culture of a company, country or person is how they treat the needy, not how they pander to the privileged and entitled.
Oceania better have a good explanation for not wanting to extend the lease by another 6 months to at least give all the residents decent time and notice to arrange alternate arrangements.
Above all else, Oceania needs to be acting in the best interest of shareholders which means cutting losses where necessary. However from a game theory perspective it seems likely that the damage to the brand will cost more to Oceania than any losses they have avoided by not continuing the lease for another six months. So in my opinion Oceania probably would have been better renewing the lease for a further six months and continued running the rest home at a loss.
Interesting article, and comments on this thread. It seems clear that in any event closure was required not later than end February 2024. The concerns articulated by/on behalf of residents would simply be deferred but still arise. And as occupancy fell incrementally during any longer wind-up period the extent of ongoing losses would magnify over the additional period. So it doesn't make sense to do that. Also the public health system is ultimately responsible for these residents, and will facilitate alternatives even if these are regarded as less convenient/suitable.
Remember Mercy Parklands closure in Ellerslie recently - same problem for those affected, but it happened and the cloud of concern has dissipated. For sure folk were not happy, but they managed just as these residents and their families will need to do. It sounds heartless but it is realistic.
I noted Oceania can only accommodate up to 30 out of 50 or so in other of its existing local facilities and obviously these are some distance away in other suburbs so the families in particular are discomforted. I feel for them but care for the elderly in this country stands on a precipice currently. If it were not for the listed RV/Care Centre operators the Government would be experiencing a massive fail!
It's nice to see so many excellent posts here now there is something to chew on.
It is highly relevant to point out OCAs newly delivered EDEN has 69 caresuites and is 250 meters down the road.
It's a no brainer OCA want out of the leased facility. The old rest home ,leased model is way off what OCA is about. It will be breaking even on at best ( as per Baabaa's well laid out posts).
Then Ronaldsons post above raises good points about the ecomic realities of winding down the operation. Both $ practically and the fact its going to happen sooner or later anyway. Folk are still going to be upset either way.
As far as bad press goes , these things blow over really quickly. Does anybody remember or even care now that OCA voluntarily paid the covid subsidy back and ARV didnt?
As a shareholder I'm very pleased with the move to exit the lease arrangement now OCA's Eden is mature.
The intentional, chronic underfunding of the industry is wholly the government's fault and it's the NZ taxpayer who needs to foot the cost, not OCAs shareholders.
The only question left is the speed and ethical way it is being done. Maybe 2 months is perfectly sufficient to relocate 50 folk?
I've no idea but would be very interested to hear Just a Kiwis opinion?
Some good points, Ronaldson and Maverick. I was somewhat outraged, but I can now see it differently.
It is a challenge to strike a balance at all times over a transition period. Perhaps management have a good idea how it will play out and to also minimise impact. It reminds me my very own employer have a strategy to implement if a certain unlikely event happens. Perhaps OCA are no different, they have considered all possible scenarios and ready to manage it according to how it plays out.
I was thinking about this last night. My thoughts are:
1.Oceania has said they can re-house 30 of those 50 residents, elsewhere
2.That leaves 20 beds to find somewhere - we do not know how many of those beds are standard rest home level, hospital level, or dementia level beds
3.Beds only become available when someone dies, moves to a higher level of care, moves to a different location OR, when brand new beds come on line (anywhere - with any provider servicing the area)
4. The word will have already gone out, to all local providers, seeking assistance to re-locate the remaining 20 residents - some will have respite beds available, which could possibly be used, at least temporarily
I was initially concerned about the two month time-line, but the more I think about it, the more I realise it makes bugger all difference. If there are beds available, residents can go now/soon. If there are no beds available right now, hopefully there will be at least some in a week or two, or a month. I have no idea how many providers or beds are available in this location, but I imagine there are many more than where I live, so the overall "pool" of beds is going to be much greater than it would be down here. I think they have a good shot at finding beds for all 20 residents, within the two months time-frame. Dementia beds could be an issue however, if they are D3 (secure unit) beds.
My thinking would be, families and OCA will work together to find solutions, starting right now. Residents will move into beds as they become available - and I imagine the 30 residents OCA can accommodate elsewhere right now, will move very quickly. Having said that, you have to also consider the logistics of reducing the numbers in dribs and drabs - staffing becomes an issue if that drags on too long (caregivers, cleaners, cooks, housekeepers etc).
Time will tell and hopefully we will hear more soon, but my gut feeling is there is zero point hanging out beyond the two months. It would make zero difference to the availability of existing beds in the area - it is always impossible to accurately predict when beds might be free.
It is more complicated than it sounds - kind of.
Nah. Shareholders are major stakeholders, but theirs are not the only interests that should be considered. The residents and their rellies have a major stake, as does the community (through the DHB and the Govt.). IMO, the directors have a duty to consider these wider responsibilities.
disc: - Through no ones fault but my own, OCA is 56% of my portfolio @ $1.30 odd.
You're totally missing ValueNZ's point sport.
By acting in the best interest of shareholders you are by definition acting in the VERY best interest of your customers.
Of course the directors have duty to consider these other interests! That's how they make money.
By providing goods and services that free market participants CHOOSE to swap their own produce for using money to efficiently barter.
If they don't look after the residents and relatives then we don't have a business.
Always spend a few moments thinking beyond the first elementary level.
Shareholders interests are the ONLY interests that should be considered. This way everyone's interests are aligned, always exceptions but in general this is how our amazing world works.
If you're in business you act in your own best interest. Which is satisfying your customers better than anyone else can. Following applicable laws.
I find it stunning a lot of folk here are constantly schooled by a 17 year old.
I take the view that a problem is an opportunity facing the wrong way. One would hope the directors of the company will have thought through all the different outcomes and have the potential to come out with a win win for both residents and shareholders and in doing so enhance the brand. Time will tell. Media will always spin the click bait. I have faith OCA will right the ship. Seven day wonder.
Putting aside the complete irrelevance of this comment, the intense irony in this comment is that the only person in this situation with an 'obligation' is the one ensconced inside hundreds-of-kilograms of metal to show a modicum of patience & pass safely.
shouldershrug.gif
From what I understand the church was going to punt the residents anyway, it's a timing issue. They "offered" a 6 month extension, we don't know the terms. My guess is that OCA think they can rehome in the 2 month time frame. I'm sure that the staff will be welcomed in other facilities.
This is off topic I know but I thought I would add a comment as it involves road user safety. The bike riders have obligations too.
Two people can ride next to each other as long as you don't hold back traffic. Ride in single file when going past vehicles such as parked cars
From Waka Kotahi
https://www.bikeready.govt.nz/adults...r-bike-riding/
Not taking the +6 month extension could just be a timing thing trying to avoid summer holidays, my real estate agent brother in law says nothing happens in his office in January. Probably the same to a certain extent with those shifting villages, lawyers will be at their beach houses in the coromandel.
Potential for maybe worse media headlines doing this stuff at Christmas time too?
Maverick is on to it. I suggest you all google the Mt Eden Retirement Village and Care Centre at 22 View Road, Mt Eden - apartments, luxury care suites, rest home and hospital level care. Brand new Oceania facility. I bet most staff will be transferring there as well, along with those residents who can afford to do so.
Unconscionable for the so-called journalist not to reference this.