So a reversal of the last weeks trade. Some serious volume on a drop..... hard to make head or tails of.
Printable View
So a reversal of the last weeks trade. Some serious volume on a drop..... hard to make head or tails of.
Crikey what happened there? End of day, over 5M shares and down 4%!
NZX50 rebalancing occurred at close of trade but like others I was very surprised by the weight of selling pressure. Maybe Australian institutions rebalancing ?
Yeah.....big sell orders at the close.
Attachment 12623
Still struggling to understand reballances..... end of the day all that matters is money in and money out of the index surely?
Why has oca been affected so dramatically
Takeover that was telling us about is off ....potential acquirer who had been accumulating threw in the towel :p:mellow::sleep::(:eek2::t_down:
There will be:
Strong recovery on Monday;
Slight retracement Tuesday when we all sell our $1.40 DRP shares;
Close over $1.60 on Friday.
Snow Leopard Dreams
Attachment 12624
18 snow leopard pictures
http://photographyblogger.net/wp-con...-Leopard-1.jpg
http://photographyblogger.net/wp-con...-Leopard-1.jpg
https://external-preview.redd.it/lyn...54kTJIyQJA.jpg
Oh ye of little faith. It is the classic "Pump and Dump" When conducting a takeover, you want to get the initial shares as cheap as possible. If you buy continuously the price keeps increasing. But if all of a sudden you withdraw demand, or even sell, that brings the price back quickly. You have to work with that people. After all as small investors we dont control the market we have to work within, what we think the large players are doing. I sold 10 k at $1.53 an few days ago, and have just bought back the same number at $1.44 today. Thats better than getting a dividend. Same shares back again. Of course I dont have that much confidence so fully in my theory to put all of my holding into this pattern, but every dollar counts. Keep cunning guys, and try and keep one step ahead of the big boys, they are not as smart as they think they are.
Sounds great. Lets all cuddle a big cat, what could possibly go wrong :D...as long as the cat doesn't hit the factory reset button :eek2: we should be all good.
https://www.youtube.com/watch?v=75wnlpbOi_k
Whiskey Tango Foxtrot, what does that all mean. Friday night and I have had a bacardi and lime. So getting a bit aggressive. Its all a clever plan to bamboozle the shareholders who the smarter asses think they are just too clever for. There will rarely be a continuous upward SP, when someone is in takeover mode, or establishing a large position. So you have to try and judge the pump and dump, as best you can.
Yeah it was a bit random...sorry about that. The big cat was meant as a metaphor for the big institutions hopefully playing nice with us mere mortals but they certainly bit a chunk out this little doggie today. Back to OCA....hopefully normal "service" will resume on Monday.
I've got absolutely no idea on why these big trades get done in such a hurry when they can be done over a few weeks at a better price.
This is interesting, On the 29th of May 2020 the NZX was kept open an extra 1/2 hour so the big boys could rebalance their holdings. That day was a Friday too.
ARV Turnover was flat, SP stayed flat. (poor ol` ARV never seems to get any attention)
SUM turnover went up 4x and the SP stayed flat.
OCA Turnover went up 15x and the SP went up 6%. It was in a solid uptrend anyway and this carried on for a few more weeks.
RYM turnover went up 10x and the SP went down 6%. It was in a short up trend. The day after this 6% SP fall the SP recovered immediately and resumed its up trend.
Today OCA turnover went up 7x and the SP went down 4%. It was in an uptrend.
I think the RYM pattern last year is the most comparable to OCA today. If so , the SP fall today will fully reverse on Monday and the uptrend will continue .
I`m with Snow Leopard and he will be pretty close with his "dream scenario."
Attachment 12625
You have to work with your own judgement, I am not an insider so I dont know really what is coming up, but you have to have some theories based on the apparent irrational or perhaps rational trading patterns. Something is up and I dont know what it is. but so far the pump and dump theory has made me an extra $800. I have 250k shares so I have a vested interest in my theories. Made $800 on the trade but down $22,500 on the drop. So its not all just fantastic news. Unless of course you have the confidence of the pump and dump, and the SP will get back to $1.53 very soon.
Extract from closing market report.
Maybe that had something to do with OCA getting smacked at the close ?Quote:
Turnover was $424 million due to an extended trading session to allow for the quarterly rebalance of the S&P/NZX and FTSE Russell Indices.
made the correct decision to go into SUM instead. :)
here's me 'ol mate Josh giving his thoughts
https://www.youtube.com/watch?v=7Bl_gOfkVDg
Imitation is, they say, the sincerest form of flattery.
Attachment 12626
Calvin & Hobbes
https://www.youtube.com/watch?v=7Bl_gOfkVDg[/QUOTE]
Nice work Josh. For what its worth I think a 20% portfolio allocation is fine for a young chap like yourself.
Looked into funds like "tqqq" josh? They are available on sharesies.
Josh has some pretty good content on YouTube, I always watch it. FYI I’m not Josh… don’t even know if he uses ST.
More housing developments and retirement villages sprinkled around the towns in the central North Island.
https://www.stuff.co.nz/life-style/h...-rural-waikato
land use pressures in the central North island will increase and perhaps retirement village prices wont decrease in this area along with houses.
Anyone got a link to the ASM live stream yet?
DRP $1.404. A nice lift to SP today, so looking like the right way to get the dividend this time.
People generally want an income and older New Zealanders love, or depend on dividend bearing stocks. Sure the dividend from Oceania is not something to boast about, but some are dependant on it, rather than selling shares to live. Plus does the company not pay 28% tax on profit regardless if it didn't pay a dividend?
No imputation at all, aren't we making any taxable profit. Yep have to agree, keep the dividend, pay off debt, have a buyback, wait for some imputation credits.
Not efficient to pay divvies without imps.
LOL - didn't you read the annual report? Have a re-check of page 76 and tell us how much tax they are paying ... and what percentage this would be off the income :p;
However - here is a hint - the fact that their dividend is not imputed clearly shows they don't pay income taxes in NZ. Issue is - a significant part of their "income" are re-valuation gains which they don't need to pay taxes for (due to not realized).
System must have liked my post and duplicated it. I removed the duplicate for easier readability of the thread :p:
I don’t pretend to understand all that is written in the report, but I do understand deferred taxes. On page 77-78.
Anyway my whole thing was more about dividends for people who want/need dividends somewhat guaranteed higher than what banks currently provide. I reinvest mine dividends as I don’t need the cash, but I only pay 17.5% due to earning below $48,000 go figure. I would get out if you don’t like the way they do things
the fuel that feed the housing market is still burning hot apparently.
https://www.stuff.co.nz/business/300...t-the-hint-anz
Put my dividend back in at 1.44, no DRP with sharesies...
NZX are running their next investor webinar on Tuesday 6th of July at 2pm.
Features Brent Pattison from OCA (and also NZ Automotive Investments and Blis).
Just incase anyone misses it:
OCA
23/06/2021 15:13
MEETING
NOT PRICE SENSITIVE
REL: 1513 HRS Oceania Healthcare Limited
MEETING: OCA: Annual Meeting of Shareholders - Livestream
OCEANIA HEALTHCARE 2021 ANNUAL MEETING OF SHAREHOLDERS LIVESTREAM
Thursday 24 June 2021
2.00pm (NZ time)
The Annual Meeting of Shareholders of Oceania Healthcare Limited will be held
at South Stand Lounge, Level Four, Eden Park, Reimers Avenue, Kingsland,
Auckland on Thursday 24 June 2021 commencing at 2.00pm.
We have arranged for the meeting to be livestreamed so that shareholders
unable to attend the meeting in person can watch. The livestream will be
available at:
https://livestream.com/vidcom/oceani...nnual-meeting/
Shareholders are warmly invited to either attend in person, or to watch the
livestream.
ENDS
Wasn't there a rumour wasn't going to be streamed??
Hmmmm, only thing is that need to supply your own sausie rolls......:mellow:
I'm unable to attend either in person or virtually. If anyone is able to, would really appreciate a summary of what OCA's plan is please and any other observations. In some areas OCA would appear to have an edge over their competitors hoping they have a plan to capitalise on this and grow earnings
"Dividends currently have no imputation credits attached because the company otherwise makes no profit."
for goodness sake everyone is trying to keep this market up otherwise this will turn into KPG, a tradable stock only...
try to put anything bad under the bed , err carpet please, errr hide it behind the curtains...
how do you think FoBar sells stocks in the regional centres....
gosh we never saw THAT coming...
you guys are not stock salemen...persons..
https://www.stuff.co.nz/life-style/homed/real-estate/125537921/fewer-investors-in-property-market-after-rule-changes
http://nzx-prod-s7fsd7f98s.s3-websit...475/348914.pdf
Skim read the Chair's and CEO's report. Just a boring restating of obvious things already stated in annual report. No new insights that I can see. Only fresh insight for me is the wonderful parkland in front of the new Waimarie Street development, see page 12 of the attached presentation. Residents could really enjoy walking their dogs around there and enjoy the stunning north facing views out to the Hauraki Gulf. Where do I sign ? Opps, sadly, you need to be 70. Good to have something to look forward too though isn't it :) http://nzx-prod-s7fsd7f98s.s3-websit...475/348914.pdf
Didn't bother attending the annual meeting out of an abundance of caution regarding possible covid delta variant transmission ex Wellington. Might skip the live stream and ask Mrs Beagle to warm up the sausage rolls now :)
considerable heavy lifting to do by Directors !!
sounds like the starting point of an increase in Dir's fees ;+)
Said in AR they would complete 221 things in F22. …latest is theybexpect to complete 221 if my maths right.
Suppose thats pretty good
Love the way they always thank us for ongoing support ….warm fuzzy stuff
Suppose if one fronted up with real cash at capital raises that’s supporting them to some extent …otherwise in reality we just a number in the register who gave our cash to somebody who gave up them supporting them….and probably a pain in the butt forbthem
Good question Mav!
No pictures …just audio
Takes all the fun out of things ….esp monotonic voices
Good work Maverick :-) good questions!! Thanks heaps
Should help the pair of you:
https://www.youtube.com/watch?v=tU-np8zS4HQ
Or not.
Well...I am certainly going to want a car park space for my new Mercedes-Benz EQS when we move into out stunning independent living north facing apartment at Waimarie Street so I think they have the car parking situation wrong. John should have asked if they're putting in fast chargers.
Agreed. The question before about wages was not answered that well though. Rather talking how they pay the nurses above requirement $29 for graduate nurses and I believe $35 for senior nurses (correct me if I am wrong on that last fact), but kitchen staff/cleaners are only worth $20-22.50 dependant where they live I guess. The rest are all paid in line with legislation.
Well, are we any the wiser after that hour or so of talking.
Yip, good questions Mav. When answering your question on CS sales' volumes, Brent didn't sound worried about CS numbers moving around a bit at all. He then went on to state that going forward, 'we are seeing very strong demand for our product.' Was worth listening to just for that alone IMO. Thanks for your efforts Mav. Very much appreciated.
Yes absolutely wiser. Like so many say, the nuggets come from attending ASM's. The Q&A is most enlightening, personally I wish I could have attended in person but cancelled my flights after the recent covid news.
Hey @Maverick, no need to be nervous, they were very insightful questions and I was pretty happy with the fullness of the answers given. The person who gave them a serve about cap raises vs rights issues had me smiling.
My connection died then I had to take a phone call, right as that person was asking about mandatory something something haha...
Did anyone catch whether the livestream was being recorded?
Hey maverick good questions but answers a bit vague I thought
What was body language like - enthusiastic glad to.be here? Or the well I'm glad that annual chore is over?
Been in a meeting of my own. Was there any indication given on how Quarter 1 sales have gone. Thanks GWD.
Good points Beagle
You'd think that a PEOPLE, PLANET, PROSPERITY ethos would include encouraging residents getting EVs and providing charging facilities
Talking of the PLANET at least they are honest by saying in the Annual Report ' ......delaying wide-scale gas boiler conversion is advisable while gas prices remain low.' ....hmmm
Thanks W69. Stuck in bottom draw not too be seen for 5 years.
Well all.....just a quick response from the meeting from some mall somewhere in Auckland.
The meeting was perhaps the most positive and helpful I've ever attended.
The directors were free and willing to engage after the show.
Taken away a good 10 nuggets from several private discussions.
I'm not prepared to go into detail now and maybe not even when I get home but suffice to say that the directors, the vibe amongst them and some figures mentioned privately are most impressive.
The overall single summary from the multiple interactions is that things are exceeding expectations.
I know the oca numbers well and I didnt detect a scrap of BS . In fact these guys really are knowledgable and accurate.
Brent was most impressive on and off display.
I remain just as bullish on this company as I have been.
I'll no doubt get back next week to spill a few beans ( but not all as some I think are meant to stay private).
Disc. One very , very happy holder.
Thanks for attending, asking questions and for your feedback Mav, much appreciated. OCA is a sound way to build wealth over the long term. I'm expecting good eps growth in FY23 and beyond, not very much in FY22 but this is a good year to be building one's position gradually for the future while the shares are at a very modest premium to NAV.
My concerns about human resource cost growing much faster than Govt funding remain but the ongoing transformation of OCA's business model with gradually overtake this headwind over time. Slow and steady wins the race !
Hound dog's rating : Accumulate on any untoward share price weakness.
P.S. I think I've found a new home for my KPG money realized the other day. Very safe bet that OCA's NTA growth is going to outperform KPG's NTA growth in the next 5 years.
Thx Mav, looking forward to your up coming posts. OCA very under rated by market currently when you look at Arvida sp. at one point only 20c separated the two. Now its around 50c. Just received OCA div advice, nice.