That says more about how cheap OCA shares are than anything else. Remembering that OCA gets the benefit of owning properties which cost more now than they did in the past to build. Inflation greatly benefits OCA.
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It wasn't about whether they should have taken the offer so much as that has nothing to do with you, but the fact they didn't and not long after it was quite apparent the property market was going to turn & that in hindsight if you had considered the macro it would have been a good time to sell.
Anyway its all theoretical.
Tell me when you have earned that easy $100M. I won't be holding my breath. :cool:
But I'll tell you one thing, selling at $1.50 and then buying back now would make a lot more.
Hindsight is a beautiful thing.
The obvious point is to anybody who read what I was replying to is that we aren't in building cost inflationary times, quite the opposite, so don't rely on that to boost the SP, not in the near term anyway.
It's actually quite an easy fix for the Government, by simply allowing a lot more products in from overseas that are already approved overseas. We finally don't have a monopoly situation on GIB for example. But there's a lot more coming.
The extra bit will be if they actually manage to streamline the RMA. We will see on that one, but they seem determined and it's a cornerstone policy of the Coalition.