Oceania Healthcare strategic review resolution - 2026 ASM vote

[Poet]

Well Done Tommy for your stand on this.

And what an embarrassing performance by the board and management, all they had for us was 'trust us' yet they gave no hard numbers as to how they were going to close the value gap. Add to that their unsupported claims along the lines of 'investor dollars work harder when invested in development growth rather than share buy backs'

It was nice though to see them identify a large component of the gap to NTA as being Head Office Overheads.

I'm now firmly of the opinion that a takeover is the only hope for long suffering shareholders.

Apparently OCA's 'strategic' review  considered 'sector consolidation' - presumably with OCA being the consolidator.

What if we made OCA the consolidatee? Here's an idea that could work

Maybe Summerset (SUM) could make an all-scrip takeover offer. Ten OCA shares for one SUM share should have punters biting their hands off.

Simple matter then to eliminate the OCA head office entirely.

[Shareguy]

Congrats Tommy on giving it a go at the agm. You got mentioned in a Business desk write up of the meeting yesterday.

[Poet]

It speaks volumes that the OCA board excluded media from attending the ASM - turned them away at the door I hear.

Maybe there weren't enough sausage rolls to go around.

Transparency! My @$$

[Basil]

You need to get on the board Poet.  You have the skills and its the the only way you're going to be effective in turning this ship around.