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24-05-2024, 07:51 AM
#20361
The real question is why is Balance hanging off this Chris Lee's every word.
We have explored in detail this guy and his past.
No wonder Balance said he guaranteed that OCA needed yo do a CR last year and then slinked off with tail between his legs.
Balance needs to hone his balance sheet skills.
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24-05-2024, 08:01 AM
#20362
![Quote](images/misc/quote_icon.png) Originally Posted by Baa_Baa
It's an extremely important underlying benefit to shareholders, of the business model, that OCA have access to $950m (held as a liability on the balance sheet), that has no interest payable, can be used for any purpose the company wants to, and is non-callable except the 30% repayable on resident exits which in itself is replaced by new residents, unless ~2,800 care suites and units all decided to leave at the same time. That's going happen, yeah right!
They should be making a song and dance about it, or at least spelling out to shareholders how fundamentally important the 'float' is to financial stability, growth and future earnings.
G it up G...
That 'float' is all spent in bricks & mortar & new stock, add an additional $617M of debt which we will see if that has grown today.
So the reinvestment into a business that isn't making any money operationally, is relying on sales & resales and that is relying on the property market.
I also don't necessarily think that having freedom to do what they want with the 'float' is a good thing. I hear hemp is a growth industry, let's chuck $100M at it...
I'm sure institutional investors & analysts understand the model & the company better than you, hence the current share price.
My expectation is for operating losses to increase as labour costs have increased further.
Sales is anyone's guess.
Good luck to all.
Wait for it....
Last edited by Daytr; 24-05-2024 at 08:08 AM.
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24-05-2024, 08:34 AM
#20363
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24-05-2024, 08:38 AM
#20364
”When investors are euphoric, they are incapable of recognising euphoria itself “
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24-05-2024, 08:42 AM
#20365
![Quote](images/misc/quote_icon.png) Originally Posted by winner69
Hey Winner, do you mind posting the same link to the full report? I'm getting errors using the NZX website.
Edit: never-mind working now
Last edited by allfromacell; 24-05-2024 at 08:44 AM.
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24-05-2024, 08:44 AM
#20366
![Quote](images/misc/quote_icon.png) Originally Posted by allfromacell
Hey Winner, do you mind posting the same link to the full report? I'm getting errors using the NZX website.
Its up and running now.
Looks good thou havent got time to review. Happy no divvie. Market reaction is the one that counts
Last edited by Greekwatchdog; 24-05-2024 at 08:50 AM.
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24-05-2024, 08:48 AM
#20367
”When investors are euphoric, they are incapable of recognising euphoria itself “
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24-05-2024, 08:49 AM
#20368
![Quote](images/misc/quote_icon.png) Originally Posted by allfromacell
Hey Winner, do you mind posting the same link to the full report? I'm getting errors using the NZX website.
Edit: never-mind working now
http://nzx-prod-s7fsd7f98s.s3-websit...669/419257.pdf
”When investors are euphoric, they are incapable of recognising euphoria itself “
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24-05-2024, 08:52 AM
#20369
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24-05-2024, 08:54 AM
#20370
Too late now...SP will be around $1.30...when market open
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