Yovich & Co. Market Update - 30 July 2018

Jul 30, 2018 | Commentary

Oceania is NZ’s third largest residential aged care provider and sixth largest retirement village operator. Oceania Healthcare exceeded forecasts with steady earnings boost and has signalled higher future build rate.

The net profit after tax for year ended 31 May 2018 was $77m compared with $32.1m last year. All units and beds in the 2018 IPO forecast have been delivered on time and on budget. A further 451 beds and units are currently under construction across five sites.

A further dividend of 2.6¢ per share is payable 20 August making the total dividend for the year 4.7¢.  The current price is $1.12 which is a gain of 41.7% on the issue price of 79¢, the 12-month target price is $1.22.

Abano Healthcare which operates the Lumino The Dentists chain in NZ and Maven Dental Group in Australia reported a tax paid profit of $12.6m for the May year, an increase of $1.7m on the previous year. The current price is $8.99 and 12 month target price is $10.75. the dividend yield is 5.12%.

High Yielding shares

Market Update
























Disclaimer: This publication has been prepared for your general information. While all care has been taken in the preparation of this publication, no warranty is given as to the accuracy of the information and no responsibility is taken for any errors or omissions. This publication does not constitute financial or insurance product advice. It may not be relevant to individual circumstances. Nothing in this publication is, or should be taken as, an offer, invitation, or recommendation to buy, sell, or retain any investment in or make any deposit with any person. You should seek professional advice before taking any action in relation to the matters dealt within this publication. No part of this publication may be reproduced without prior written permission from our company. Disclosure statements relating to the financial advisers associated with this newsletter are available on request and free of charge.



View all news

Download a PDF copy

About the author

Walter Yovich

Related Tags

Weekly Update Investment Shares Bonds Investment Strategy Investment Advice Share Advice Share Investment Investing in Shares OCA ABA


Leave a Comment