OCA - Oceania Healthcare

[Left Field]

Thanks for sharing your graphs Ferg. I've never held OCA (or any retirement village stock)  and have a morbid (thankful) fascination watching from the sidelines. Lots of lessons from the days of "back up the truck" and "you can't have enough OCA."

[Basil]

To be fair, a lot of false promises and misleading information has been forthcoming from OCA over the years.  It wouldn't be to unkind to call it an orchestrated litany of lies.  The CFO is an absolute masterclass in obfuscation and various CEO's over the years have also been very economical with the truth.  All they ever seem to do is highlight anything they can which is positive and sweep everything else under the carpet like its completely immaterial.

Thankfully my nose for corporate B.S. and deliberate disinformation did start working after a while and I realised the game was up many years ago, took a 6 figure profit, moved on and very successfully reinvested it elsewhere.  I doubt there would be many other investors up 6 figures on this flea ridden pup.

[Left Field]

Thankfully my nose for corporate B.S. and deliberate disinformation did start working after a while and I realised the game was up many years ago, took a 6 figure profit, moved on and very successfully reinvested it elsewhere.  I doubt there would be many other investors up 6 figures on this flea ridden pup.

Basil to be fair you weren't the only one making such calls back in the days, and I wasn't calling you out.

You're a good poster and well respected for your particular bias to retail investments like TRA and HLG .

However, when boasting about your own x figure gains on OCA, I wonder if you have any empathy for other investors sucked in by all the enthusiasm.... and still holding?

[Basil]

However, when boasting about your own x figure gains on OCA, I wonder if you have any empathy for other investors sucked in by all the enthusiasm.... and still holding?

To be fair, nobody has done anywhere near the literally, hundreds of posts I have put up over several years now, highlighting the weaknesses in their business model. I don't think I'm that well understood on public forums.  I do try and add value, (nobody in their right mind would expend that amount of effort if they didn't want to try and help others), but in recent times I have more of less given up on posting on OCA because of the hate.  People don't want to hear bad news.   Unfortunately the fact of the matter is, confirmation bias is alive and well on public forums.   That last sentence was in response to some of the absolute nonsense on the other channel.  I am just setting the record straight.

[KW]

I see Jarden are saying no divi for the foreseeable future.

AFFO double analysts forecast of a $15m loss

Cash flows were the weak point of the result, with OCA's existing assets consuming $40m of cash over FY25.

Rymans result to come. It will also be bad. Hopefully not as bad as some expect.

At some point, considering the social importance of these companies, it will behove the Govt to stick their nose in and find out if these operators are still solvent.  It would appear to me, most are not.  They rely on unrealised non-cash profits from revaluing real estate assets to make it appear as though they are.  

As they say, when the (real estate) tide goes out, you get to see who is swimming naked.

[mike2023]

Neither government actually cares these days. Last lot considered the company's capitalist and the current seem to have less of a social conscience than I would have hoped for.

[ValueNZ]

Basil you feeling particularly litigious tonight mate?

[mike2023]

Basil you feeling particularly litigious tonight mate?

Shouldn't you be busy burying cash in the ground somewhere?

The problem with your approach is the obvious cost of use of money while the company treads water. It's catastrophically stubborn to argue year after stagnant year.

[ValueNZ]

Shouldn't you be busy burying cash in the ground somewhere?

The problem with your approach is the obvious cost of use of money while the company treads water. It's catastrophically stubborn to argue year after stagnant year.

Busy burying cash into a university exchange deposit and a transmission...

Would love to be throwing cash into the abyss as per normal.

The company is not treading water it is growing fast.

[mike2023]

Busy burying cash into a university exchange deposit and a transmission...

Would love to be throwing cash into the abyss as per normal.

The company is not treading water it is growing fast.
[/quote
Now tell me how the share price isn't the business. If it's stagnant another year you're better off with a TD and you need a degree to start one of those?

[Dolcile]

Busy burying cash into a university exchange deposit and a transmission...

Would love to be throwing cash into the abyss as per normal.

The company is not treading water it is growing fast.

Making larger and larger operating losses doesn't feel like growth in the right direction to me. 

[Basil]

Basil you feeling particularly litigious tonight mate?

I can assure you that your friends ban on the other channel has nothing whatsoever to do with me.

[KW]

Making larger and larger operating losses doesn't feel like growth in the right direction to me. 

If you have a business model where the more you grow the more you lose, you eventually end up going broke.  Ask the WeWork investors how that model works out.

[Basil]

If you have a business model where the more you grow the more you lose, you eventually end up going broke.  Ask the WeWork investors how that model works out.

One larger holder has listed a million for sale at 65 cents. Whoever that is has obviously had as big think about things after the recent extremely poor result. 

[lorraina]

Perhaps a certain sailor's boat needs new sails,and engine.?
Way it was drifting about rudderless and trolling around on the other chanel it did need repairs and a new anchor too....lol