Originally Posted by
justakiwi
You were, until recently, the one who was praising OCA for their dedication to and focus on the care aspect of their business. You expressed your admiration for them being different to the others, and understanding the importance of quality care.
You should know by now that quality care comes from people like me. I have shared my personal passion for what I do, so you know how dedicated to my job I am. Yet you seem to believe my dedication, passion, and the quality care I provide, is not worth paying for. Without caregivers, you have no business. We are the concrete blocks at the foundation of every retirement sector business. Not only with regards to care beds/suites, but across the entire business. Caregivers support those in villas (where needed) hospital and dementia wings. Every segment of a retirement village relies on us.
I think you should get right out of OCA, and any other retirement sector holding you have. You are clearly only in it for the money you can make, and not for any of the social conscience/ethical/concern for our elderly, reasons you have mentioned in the past. If you genuinely don’t believe in the OCA care model, this is not the company for you.
Some of us are invested for more reasons than just money.
One other thing. I don’t profess to fully understand the changes the government has made, or whether they will in fact, have any significant impact on the retirement sector. But maybe OCA is not as stupid as you think. As has been discussed often, their prices for apartments/villas have been lower than their competitors. So if the cost of housing comes crashing down, which operators stand to lose more profit? Not OCA. Maybe they have been sensible and priced in anticipation of that happening at some point. The impact of a major drop in house prices, will be much less for OCA than for RYM or SUM.
Or I could be talking complete shyte because what do I know? I’m just a caregiver.