Thank goodness that Metlife was taken over!!!!!!!!
Best deal that ever happened for shareholders in a RV stock!
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My SKT money going into OCA, even though I haven't actually received it yet. Might hit the 20 largest in the next Annual Report. Want to get in before ex date.
OCA any is too many
arv getting savaged today as well , oca rubbing off on them
If whats happening to RV companies is realities of property market then RBNZ has almost done his job ...but its also due to labour shortage and wage inflation as they are labour intensive industry with requirements of some training too ...this maybe more about inflation and labour worries playing out ...becoming more and more difficult to keep your margins when input costs are rising so fast ...shud be case for all labour intensive companies ...
Average resale margin...........22.7%
Average resale gain per unit/care suite $99,613.Those resales are ongoing.[for ever]..Incredible.
NTA $1.34
Plenty of development going on.High development margin of 32.2% is surprisingly good with current building industry issues.
Reduced divie makes good sense in this market.
Plenty of head room with borrowings.
Therefore I am very happy with the result.
The market is over-optimistic, & the market is over-pessimistic.
With current SP getting close to half book value, this negative sentiment is getting a bit overcooked isn't it.