Dont think too much about DMF. Accounting standards are quite robust and comparatively give a true and fair view of the financisl position of the industry. Shouldnt analyse things too closely.
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Dont think too much about DMF. Accounting standards are quite robust and comparatively give a true and fair view of the financisl position of the industry. Shouldnt analyse things too closely.
Thanks Rawz for reposting Ferg`s excellent post.
I`ve been away and missed it until now.
The bit that needs a little more colour is the difference between building apartment's over villas. You say it takes year 1 to build a unit and then in year 2 it gets sold. While spot on for villas , that`s not right for OCA apartments.
Apartments take over 2 years to build and 1.5 -2.5 years to sell down...so all up from breaking dirt to a mature tower is about 5 years.
This is a key difference for OCA from its competitors doing mostly villas. This delayed gratification is also why RYM got tripped up with its cashflows in 2023.
This 5 year process v`s 2 years for villas is why when OCA listed in 2017 it still hasn`t yet shown any improved P & L after all this time. Its that simple.
Thanks for sharing Ferg. Brilliantly laid out ( sorry I cant give you another rep point, you deserve it)
BaaBaa, that’s a mean spirited post ….sounds like you telling Snoopy to pi$$ off unless he agrees with you and others. Hooe not the case. I’ll leave it at that
I get the feeling that Snoopy is trying to work out how operating expenses fit into the jigsaw …like do DMF actually cover these? Been some vague assumptions around this but nothing specific.
Good on him for trying …keep at it Snoopy
Many have different degrees of understanding, even the knowledgeable posters can sometimes claim not to understand where a piece fits in the accounts or company jigsaw. Denigrating posters because you don't like what they post, they disagree or because you think they fail to understand does create a toxic thread. I wonder how many potential posters are turned off from posting because of this personalised toxicity.
Aye, there are definitely a couple of thugs dominating this forum.
Leaping at the opportunity to scrag anyone who has a different view or even just making an effort to learn about the business.
You either believe their view completely, or you are a dumb arse who should just index and stop posting.
Oh Phaedrus! Come back - we need you!