OCA - Oceania Group - retirement villages

[Daytr]

$100 bet?? I would say .25 cut

When in August? It was a tongue in cheek comment though, as one poster on here doesn't even look out the window to see if there is rain coming.
I wouldn't bet against it,
I predicted some time ago it would be the first half of the year, so I got that a little wrong, although the commercial banks had already started dropping rates in that period.

[Ferg]

Nice post ValueNZ - I can't give you any rep given I have to spread it around. Nice to see analysts are finally getting "it".

Something else to ponder about ORAs:

How should we think of a liability that is perpetual and non-interest-bearing? [snip] If RYM were to sell the right to the net cash flow from its current occupational advances (excluding revaluation gains which RYM is accounting for elsewhere), a buyer would have to wait until the end of useful life of the unit that the occupational advance is backing to receive the cash flow. With 30 years and a 7% cost of debt, that would suggest a haircut of close to 90%.