Originally Posted by
Baa_Baa
Thanks for backing me up Ferg, it's getting tiring and tedious hearing bold statements about OCA's financials that are plainly and simply incorrect and ill-informed.
It would be interesting to see an alternative view of the operational profitability of 'care', particularly as in recent times care revenues have gone up with increases in government (DHB) funding, care costs have gone down with covid overhead gone, albeit nurses incomes increased, non-strategic care assets are being divested, the overall mix of ILU to care has changed significantly and will continue to do so.
I don't believe for one minute that 'care' or 'operating profit' is not profitable, it's just not as profitable as property development. And for that reason, I don't want to see development constrained (it is about growing our future cash flows, and float :t_up:). It's all about selling the properties we have and the new ones we develop, sell sell sell. Get those properties inhabited with paying customers.