Forum Archive Index - September 2000

["Colin Ross" <ceejaynz@xtra.co.nz>]

Also be aware of the competition that results from
"Keep em at home" policies..
This activity is being actively promoted by the various funding agencies,
who provide basic services such as dressings, Cleaning, Nutritional
overview, - all at a very much reduced cost.-  to the taxpayer.
Also be aware of the tendency of families to resist the dissipation of
Seniors funds  with a view to a forthcoming inheritance.
There are a lot of elderly people battling on in  valuable,  run-down , but
freehold family homes.
It is quite astonishing to see how quickly after a death, one sees the
emergence of a fine new Townhouse development !!
We should weep for the twists and turns of Human Nature and family dynamics
!
Ceejay

----- Original Message -----
From: Derek <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, September 09, 2000 8:38 AM
Subject: Re: [sharechat] Eldercare


> Ceeyay,
>
> Thanks for your comments. I also understand that there is increasing
> competition in this retirement home sector with many new entrants putting
> preasure on the big boys (got that from the MIR). Last year Eldercare
> reported earnings of 3c / share. The developements that you are talking
> about seem to go back earlier than that. Therefore I wander if Eldercare
> has somehow overcome these problems. If they can repeat 3c /share again
> then the current share price looks very good. While in the previous year
> they lost money, in the 99-2000 year their revenues and profits went from
> strength to strength. What seems odd to me is that after announcing such a
> good result in August the share price has fallen from around 40c to below
> 30c, taking the share back to early 99 levels & below. But the fall in
> their shareprice is similar to that of Metlifecare indicating that the
> market is reacting against the sector rather than the company. The p/e
> figures & NZ's increasing older population tell me it's time to buy,
> against market sentiment perhaps, but that just means hanging on to the
> shares for a bit longer.
>
> Derek
>
> (don't own any ELD)
>
>
>
>
>
>
>
>
>
>
>
>
> At 05:19 PM 08/09/00 +1200, you wrote:
> >I've been pondering on this subject for a while now, and would like to
share
> >my thoughts with the group.
> >I have recently retired from over 40 years experience as a retail
Pharmacy
> >Proprietor. During that time, I had a good deal to do with Retirement
homes
> >and similar facilities.
> >There has been a long period  in the past where  government subsidies
> >provided profitable opportunities for Retirement Home providers.
> >However, during the more  recent past the generosity of these provisions
> >have been reduced to the point where margins have become very tight, many
> >operators have been forced out of business, and the survivors have needed
to
> >become very "efficient" which has often  resulted in inferior services,
> >employment of cheapest possible labour, and a general squeeze on
contractor,
> >Doctors, Pharmacists, etc..
> >Eventually, there may well be a market for User-pays services, but right
> >now, the public has a contrary mind set.
> >In my opinion, the Corporate providers will have their work cut out to
> >become profitable. Hard working owner operators are managing to prosper,
but
> >they need to be very good at it and extremely hard working.
> >I am certainly very pleased to have extricated myself from this
quagmire...
> >Ceejay
> >----- Original Message -----
> >From: Kelvin Worsfold <kelw@ihug.co.nz>
> >To: Sharechat <sharechat@sharechat.co.nz>
> >Sent: Thursday, July 20, 2000 12:44 PM
> >Subject: [sharechat] Eldercare
> >
> >
> >> What are the thoughts on Eldercare as a long term hold, I have seen
some
> >> brokers reports saying, BUY, but little action on the market, your
> >thoughts
> >> please.
> >>
> >>
> >> Everywhere is walking distance if you have time
> >>
> >>
>
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