It's not rent. It's a principle payment for the value of the residence.
If it's rent as you say
I have never said anything about rent, only in reply to you using rent as an example.I have never thought of any of this as rent, and equivalent to circa $300k, what does that value the sale of the residence is? The company reports them as sales. Not sales plus prepaid rent.
Otherwise the sale component is far less than the cost to build.
Anyway I have understood what you have said from the start
Nooooo you haven't, despite you suggesting I don't have the capability of a 10 year old.
You said it yourself, you said you got 49% in Bursary Math and blamed not studying, but just a basic underlying ability in Math should get you better than 49% without even being in school.
I just don't agree with you.
This is what makes a market.
So not messing with you, just myself and I'm sure many don't agree with you.
Almost always the majority don't agree with me on most things, if they did it would be terrible.
Do you have any analysts that back up your take on things? This is a very well studied sector with many specialist analysts that know the sector backwards.
Funniest thing I have heard in a while.
Are these the same analysts who knew FBU backwards and were all over the cost overruns that must have been incredibly obvious to even a mildly interested observer?
Are these the same analysts who have to work for a wage because they have not been able to amass enough capital and/or get the returns on that capital to live off themselves? Unlike me and many others here on Sharetrader?
The same ones who cannot beat a simple index fund?
Care to name any?
Here is a real analysts 'take on things' kindly provided by ValueNZ, but I guarantee you didn't read it.
https://focusedcompounding.com/summe...er-with-float/
A bit like your how your float concept for OCA is like an insurance company float. It isn't.
Correct, it is FAR FAR superior.