Their debt level is very modest and is in line with their business model which is being executed in a well controlled and disiplined manner.
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Their debt level is very modest and is in line with their business model which is being executed in a well controlled and disiplined manner.
I agree 100% with Mr Beagle.
But I would say OCA has cash flow that, over a lifetime in small business, I could only DREAM about. And the Bricks and Mortar assets are well over 1 billion. (As against what assets a current NZ company selling at over $12 has???). I recommend a visit (as I have to 3 OCA care villages to see if I should invest) to see the scope and class of new builds. Also drop in, as I have, to a dance or music class with OCA residents (many of these folks are very very infirm) but the OCA dance/music classes I attended were exceptional and the residents love them.
Hard times ? OK lets discuss that. Yes a fall in house prices is possible but a tidal wave of $1475 a week care patients will see the vital cash flow in. Yippee for Aged Care funding from Central Government but --yes--It will require careful cost control.
At $1.09 what a gorgeous stock yielding, what, 4.35% already. Oh, I do believe a nice big cash sum has slipped into my bank account today. Keep up the good work Liz and a very firm hand on our Company.
Yes, likewise...some clients take many months to pay their bills. To your last point, a nice reminder arrived in regard to that point with the hard copy of the interim accounts that arrived today. Notes to the accounts 2.1 page 23 "The Group's chief operating decision-maker is the Board of Directors". (many of whom like Liz Coutts have a significant stake in the company).There's nothing quite like Directors who have some serious skin in the game to keep them sharp and highly motivated.
Speaking of cash flow...yes a tidy sum arrived into my account earlier today, my thanks to OCA's hard working team.
From interim accounts, total assets $1,208m of which $357m is classified as property plant and equipment and is actually care suites and the associated land thereon, see note 3.3 in the accounts. So external bank borrowings of just $206.9m against total assets of $1,208m...I'll bet the bank are really trembling in their boots lol
A lot depends on the contract you have with them.
My mother's unit years ago did not sell.The owners apologised,however my brother focussed their attention by reminding them,that according to the terms of the contract, they had to pay out after 6 months whether the unit was sold or not. [Their problem].
Knowledgeable posters Beagle and Baraccuta et al,
anything in the tax review working group suggestions that interests/effects our Company (OCA) ?
I haven't had the time or inclination to read their report in detail. Lets see what the Govt actually decides to run with, (announcement sometime in April) and go from there.
Its all subject to Labour winning the next election anyway and I think they're going to shoot themselves in the foot as any Labour supporter with any level of assets will probably become a swing voter and National supporters will stay being exactly that. What Winston Peter's does will be keep us all guessing right up to the last minute as usual, assuming he doesn't retire.