Hmmmm...talk like that makes me wonder if I have enough...already my #1 listed investment position.
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I'm not at $100m underlying for FY19 YET but well worth noting that last year they made development profits of $21.1m on just 131 units and this year they have 272 so that alone on a linear basis suggest development profit will more than double this year. Add in slightly increased resales based on a 20% uplift last year in embedded value and I foresee about $75m underlying profit at this stage which is a profit rise of about ~ 50%, similar to last years stellar profit increase and gives about ~ 13 cps underlying profit.
Forward underlying PE is the cheapest I have ever seen for any stock in this sector at any stage including during the GFC. Looks extremely cheap to me especially cum a reasonable dividend next month.
mentioned 1.04 might bring out the buyers looks to be the case also around the 38% - 50% level retracement from the high. needs to reclaim above 1.08 to maintain the uptrend from listing i reckon
Beagle ....I think we are talking different things ...like you mention 131 units for last year while I’m using 100 for last year
You talking units delivered and I’m talking units sold. You keep reminding me no gains until sold eh.
Maybe by estimate of 250 new unit sales is a bit outrageous but whatever it’s going to be a huge number, especially relative to last year.
Good to see share price up today ......probably go up again tomorrow as well
further to my post 1.04 was a pivot buy area as well and now short term oscillators are triggering buys as well as short term m/a. longer term ones need to improve to get a really bullish outlook.
https://www.investsmart.com.au/share...thcare-limited
How much cash does OCA generate through its operations?
https://finance.yahoo.com/news/does-...024250685.html
simply wall st provides analysis , just another thing you can opinion over.
Happy new Year everyone. Have just rejoined the OCA club again in the last couple of weeks. Average buy of $1.067c.