they should aspire to be like bull eh
at home with there 12 screen's raking in the loot , not having to ask the boss to take a toilet break lol and outperforming the index again this yr
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Just watched Brent Pattison on NZX Virtual investor Event.
Loan term debt including bonds at very low interest rates. [5 to 7 years].
Current [next two years] build at fixed prices.
No need to adjust current unit prices.Compare well with others. [and still a lot lower than surrounding property prices].
Interesting their very upmarket care will attract people who can afford to pay without any Govt help.
Very excited about St Heliers build.
And did mention sale of sites which no longer suited OCA's requirements.
Most impressed with Brent and OCA's prospects.
Good summary Percy.
It was interesting his comments about the 3month period 1HY were the market “went to sleep” . That’s what killed the profit growth.
He has reaffirmed what has been said previously and by ARV that things are now going well once again. I do like how they arnt reducing prices to try and accelerate sales. (They could both lower the price and entry age to look good for now but those would have poor downstream outcomes).
So provided the market doesn’t “go back to sleep “then those poor HY sales will now occur in 2HY.
It was also pleasing to see when Brent talked about The Helier that he didn’t indicate any delivery date issues. They will have solid handle on delivery date by now and would have changed their language if things were behind schedule.
A nice webcast and it’s good the NZX and OCA made the effort to put it on.
Also, DRIP strike price now announced as $0.8041. This will be a good dividend to have been in the Dividend Reinvestment Program as relative to the current on-market share price of 85c you are benefitting significantly. Such a gap/margin in % terms is rare!
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