Well....done..n dusted...$1.20...not even offered to all of u guys!
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Well....done..n dusted...$1.20...not even offered to all of u guys!
Last time Macquarie sold down the share price jumped more than 10 cents
Probably happen again
The big over hang gone ...good stuff
Might see 150 by Easter
At the very least it should put a firm SP floor at the $1.20+ level. That is a nice lift from the $1.00 to $1.10 channel it was stuck in for so long.
In contrast to the opinion of many on this forum that the SP ought be be much lower, the successful book build has demonstrated that there is demand for the shares at $1.20+.
The market has decided.
With all this chat around cost control issues, predominantly related to the care side of OCA's business, does anyone know how they stack up against the others in the Sector who provide the same level of care services (ARV or RYM?) The rhetoric seems that OCA spend $1.5 for every $1 that the others do on care services.
Good morning folks,
Please accept my sincere apology. I misinterpreted the treatment of deferred tax in the accounts, a simple mistake, (not that anything to do with this matter is simple), but I was rushed and have concerns about the coronavirus and have made a number of adjustments to my portfolio. When I finally got a chance to have a decent look at the accounts yesterday I realised that the deferred tax had been taken out of underlying profit and underlying profit has indeed gone up 17% for the half year.
Winner pointed this out nicely to me the other day but I hadn't had the time to look at it myself and he also said the accounts are not easy to understand because they use 7 different terms for describing profit for the period. I'll take his word on that one. I was adjusting deferred tax from total comprehensive income to get to $15.8m.
I have edited quite a number of my posts since the result announcement to correct them but I still hold a number of reservations regarding OCA and have left those in the posts for anyone that's interested to go back and have a look.
The market has spoken and $1.20 is where its at. I am not a buyer at that level but good luck to holders and I will leave you in peace.
No tax is paid on property gains. Tax is paid on profits arising from running villages and care services. Tax not that straight forward but gives a feel for how profitable or not villages/care are.
So look at the reported tax expense to get a rough idea
ARV paid $0.7m tax in H1 sort of saying they made a few million from villages/care
RYM paid $7.4m tax in H1 - maybe $25m profit from villages/care
SUM got a small tax credit in H1 suggesting they sort of break even on villages / care
OCA got a $8m tax credit in H1. Looking at their tax reconciliation it looks like they LOST $15m in six months on day to day running of villages and care facilities.
Rough and ready way of looking at it but I reckon a pretty good way