So they are valuing OCA at 94 - 95c, pretty similar to my valuation of 99c.
Operational performance will be key.
Are they operating at a profit?
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So they are valuing OCA at 94 - 95c, pretty similar to my valuation of 99c.
Operational performance will be key.
Are they operating at a profit?
As one who can extrapolate from incomplete information my forecast F24 Underlying Profit is $60.1m ...slightly more than F23 ...even though they sold heaps more
Difference between me and Forbars $45.6m extrapolation is my development gains number is a lot higher than their’s
Come end of way all will be revealed
Just coming back to this, realised you meant beating an index 1.5% YoY which is absolutely not true.
The 1.5% is just a transaction fee not a yearly fee.
To beat a hypothetical return of an index at a 8% CAGR over 30 years, I would need to generate a return of at least 8.06% CAGR after that 1.5% transaction fee at the start.
So regular 8c EPS seems likely? Thats an earnings yield of 13.1% (0.08/0.61).
That plus growth of the float around likely ~12%, it's really hard to complain too much.
That's despite being in a depressed property market.