Meaning ‘fair value’ of about $1.02
That’s scary
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That's assuming you don't see any future growth?
Forward earnings CAGR (based on analysts forecasts ... yes, I know ... :) ) is 7. If they are right, then a PE of 20 could easily be justified, which would come out roughly as $1.60.
Actually - $1.60 is the current "consensus". Spooky, isn't it?
There has been a baby one already and now the correction has been supported by the 30 day MA
Attachment 13723
yes I know its all a bit marginal....
House prices on way down ….2.1% in March v February
Housing market could be heading for a long cold winter with March sales at a 10-year low for the month and prices falling in most parts of the country
https://www.interest.co.nz/property/...owest-month-10
Wonder if Forbar et al will pull that chart that shows retirement stock share prices tend to follow the ups and downs in the HPI. Maybe falling house prices not baked into sector prices yet …OCA at 90 cents in a month or two?
I totally disagree on this winner. Takes ages for these increases/decreases to go through. After all OCA has plenty of head room as they haven't raised their prices by too much. But then the market is irrational.
Will the drop in sales price change the minds of older folk who are looking at moving into a retirement village? They have other motivation s in general for wanting to make that move and although some will be deterred, not all by any means.
Be interesting if housing demand increases now borders are open again to immigrants. Unfortunately the whole situation is not helped by the high inflation and huge cost of living here vs other countries
OCA share price still going nowhere
Maybe too big ..... as market is loving the real small guys .... Radius UP 10% last few days .... wow