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How to buy Oceania Healthcare shares (OCA)

Learn how to easily invest in Oceania Healthcare shares on the NZX.

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By

Tim Falk

Oceania Healthcare is one of the largest providers of retirement villages and residential aged care in New Zealand. Shares in the company (OCA) are listed on the NZX — if you’d like to buy Oceania Healthcare shares, keep reading for step-by-step instructions.

How to buy shares in Oceania Healthcare on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Oceania Healthcare. Find the stock by name or ticker symbol: OCA. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Oceania Healthcare reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Oceania Healthcare, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Oceania Healthcare. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Compare NZX share trading platforms

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BlackBull Markets Share Trading
BlackBull Markets Share Trading
$0
Shares, ETFs
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Sharesies
Sharesies
$0
Shares, ETFs, Managed Funds, Index Funds
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ASB Securities
ASB Securities
$0
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Direct Broking
Direct Broking
$5 per month
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Oceania Healthcare overview and background

Founded in 2008 following the merger of Eldercare and Qualcare, Oceania Healthcare is a provider of aged care and retirement living services. It operates a total of 45 sites throughout New Zealand and is the country’s third-largest provider of residential aged care.

Oceania Healthcare employs 2,800 staff and provides accommodation to over 3,600 residents.
OCA shares are listed on both the New Zealand Stock Exchange and the Australian Securities Exchange.

Performance and company results

In its 2021 annual report for the 10-month period ended 31 March 2021, Oceania Healthcare announced the following key results:

  • Unaudited Underlying EBITDA of $56.2 million (an increase of 8% compared to prior corresponding period)
  • Total assets of $1.9 billion (compared to $1.5 billion at 31 May 2020)
  • Operating cash flow of $96 million (compared to $99.4 million for the 12 months to 31 May 2020)
  • Final dividend of 2.1 cents per share

Key details

NameOceania Healthcare LimitedIndustryRetirement Living & Medical Care Facilities
Ticker symbolOCAISINNZOCAE0002S0
TypeOrdinary SharesDate listed on NZX05 May 2017
End of financial yearMarchChief executive officerBrent Pattison
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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