(STRICT) OCA - Oceania Healthcare

[Poet]

From the Nov 25 Earnings Call

Kathryn Waugh talking about operating cashflow

While there is a one-off GST refund relating to development expenditure, the underlying themes reflect stronger sales activity, higher care occupancy, and the early benefits of the cost measures now in place. As development stock reduces and as our settlements continue to flow, we expect operating cash generation to strengthen even further during the second half.

[winner (n)]

From the Nov 25 Earnings Call

Kathryn Waugh talking about operating cashflow

While there is a one-off GST refund relating to development expenditure, the underlying themes reflect stronger sales activity, higher care occupancy, and the early benefits of the cost measures now in place. As development stock reduces and as our settlements continue to flow, we expect operating cash generation to strengthen even further during the second half.

Doesn't answer why a one off refund. Did they pay GST when they didn't have too or something?

Just curious

[Basil]

From the Nov 25 Earnings Call

Kathryn Waugh talking about operating cashflow

While there is a one-off GST refund relating to development expenditure, the underlying themes reflect stronger sales activity, higher care occupancy, and the early benefits of the cost measures now in place. As development stock reduces and as our settlements continue to flow, we expect operating cash generation to strengthen even further during the second half.

A question you might like to ponder. Why did it take a new CEO to initiate cost out initiatives, isn't that what a decent quality CFO would have recommended to the board many years ago ?  There are high quality CFO's who help drive EPS growth and there are people who simply compile the numbers...

[Poet]

A question you might like to ponder. Why did it take a new CEO to initiate cost out initiatives, isn't that what a decent quality CFO would have recommended to the board many years ago ?  There are high quality CFO's who help drive EPS growth and there are people who simply compile the numbers...

Absolutely, no argument from me there.

I am on record saying that IMO this is one of the worst managed and governed and opaque businesses on the NZX (and that's saying something!)

[winner (n)]

Absolutely, no argument from me there.

I am on record saying that IMO this is one of the worst managed and governed and opaque businesses on the NZX (and that's saying something!)

That's saying something Poet .....and I agree

Love the way they now have a 'one off' line and often use 'if only this' had happened things would have looked better.

[Basil]

Absolutely, no argument from me there.

I am on record saying that IMO this is one of the worst managed and governed and opaque businesses on the NZX (and that's saying something!)

It seems Mr market agrees, down to 68 cents.  Is this company headed back for another test of 50 cents and would it be worth buying there as a trade ?, (notice I said a trade not a long term hold).  Tricky questions for you guys to ponder over Easter.