Oca should just sell all the assets and pay the shareholders with the sales... after all... shareholders will get more than this pathetic 68c...lol
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Oca should just sell all the assets and pay the shareholders with the sales... after all... shareholders will get more than this pathetic 68c...lol
How low can this share go? I really feel for people who bought for $1.50+
Technically if this loses 66c it can go into freefall.
Attachment 14816
Here's some reassuring thoughts,
The population 85+ years was about 84,400 in 2018 (1.8% of the population )
This age group projected to more than TRIPLE to 260,000 people by 2043 (4.3% of the population)
And 65+ to almost double to 1.37 million by 2043.
So hang in there folks, the fundamentals look sound, solid assets, a product you can sell over & over again but you still own, & a rapidly expanding customer base.
What hard to sell?
Sell all assets to the Government, social housing.... shareholders will get more that this pathetic 67c n not to mention dealing with the poor management
from forbarr and greek
Oceania Healthcare (OCA)
Interest costs, debt, and cash flow
OCA's flagship ~NZ$150m development The Helier will likely be in focus. Large scale launch of the apartment sell down was not until late August. We are unlikely to see many if any sales in the 1H24 period, but OCA should have seen at least a handful after period end. The delay of The Helier will result in yet another period with increasing debt, we estimate ~+NZ$40m (to NZ$585m). For the full year we expect largely flat net debt and positive free cash flow. A first for many years for any of the listed aged care operators.
Earnings changes
We lower our forecasts on the back of lower resale gains (lower prices), lower new sale gains (prices and units in FY24), lower DMF and slightly higher interest costs (OCA has the lowest effective interest rate in the sector given its high portion of fixed debt, notably its retail bonds). Our net debt forecasts increase and we no longer forecast a fall in FY24 due to higher capex and lower cash flow from new sales.
The master of selective reporting :) ...
you just missed this bit from the same report:
Quote:
RYM has an established presence in Australia with decades of unencumbered growth ahead. This is offset by SUM's superior cash recovery of capex, more capital light development model and therefore ability to grow faster. We value both companies on the same multiple. We make minor downgrades to our estimates and reiterate our OUTPERFORM ratings on RYM, ARV and OCA.