OCA - Oceania Group - retirement villages

[ValueNZ]

True, but has the value increased or decreased since it traded $1.60? After all the nta has increased substantially in that time.
So what has changed?
Not the business model surely.

Holy, I've been saying this for years now.

The business grew it's balance sheet substantially and is worth more, yet the market valued it at >1/3 the price. And thank god for that.

[ValueNZ]

I think it helps a lot to have a clear runway to allow the business to keep doing what it has been doing.

Confident and competent would be appreciated. Liz and Brett were a dry combo.

Brett seemed pretty onto it from what I could tell, same with Liz.

Who says that dry is a bad thing?

[jonu]

OCA share price UP 40% from recent lows …..that’s pretty good

Up the wahs!

If you thought the last 3 months of the OCA thread was entertaining....you aint seen nothing yet!

[Daytr]

Holy, I've been saying this for years now.

The business grew it's balance sheet substantially and is worth more, yet the market valued it at >1/3 the price. And thank god for that.

And yet, going by the premium paid for ARV it's valued at 99c. Seem familiar?

[Cupsy]

And yet, going by the premium paid for ARV it's valued at 99c. Seem familiar?

You are saying your valuation of oca's intrinsic value is the correct valuation?

[Daytr]

You are saying your valuation of oca's value is the correct value?

I would never be that bold & things can change over time. But based on the ARV takeover bid at the moment yes.
Definitely not $2.60.

The problem for OCA is that they weren't the takeover target, ARV was. Is their more appetite? Maybe.

My valuation wasn't based on a takeover but that was possible but on a 12 month horizon with interest rates likely to turn.

[Baa_Baa]

And yet, going by the premium paid for ARV it's valued at 99c. Seem familiar?

That's the ARV offer premium to SP, whereas the offer is discount of 0.83x to NTA, which would equate to $1.17 OCA SP. Still cheap as.

If I had ARV I'd be seriously pissed off with the offer for them, like basically selling out for less than the assets value, let alone future earnings.

[Baa_Baa]

The problem for OCA is that they weren't the takeover target, ARV was. Is there more appetite? Maybe.

A problem for OCA? More like OCA dodged a bullet and hopefully doesn't have such weak kneed Directors as ARV in the event that a takeover offer was made.

So much short term SP this, SP that, thinking around here. Only good thing about the SP is how amazingly cheap it is for anyone with a longer term outlook.

[winner69]

Brett seemed pretty onto it from what I could tell, same with Liz.

Who says that dry is a bad thing?

All I’ll say about ‘value’ is its rather subjective isn’t it

Brett might have been pretty onto it but the business per se and the share price went nowhere during his tenure.

Always had something (often external) to blame ….bad luck / ill fortune and all that …he a bit like the Ryman guy was just unlucky. That doesn’t often change.

Hopefully this Suzanne is blessed with good fortune and it rubs off on Oceania

No comment re Liz

[Cupsy]

All I’ll say about ‘value’ is its rather subjective isn’t it
[/SIZE]

The value is not subjective, figuring out the correct value is another story, and that's making a big assumption that a buyer or seller has even thought about what the value may actually be.