The Retirement sector 'boats' are doing well but there are still a few on the NZX that will not rise.
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The Retirement sector 'boats' are doing well but there are still a few on the NZX that will not rise.
Patience is required, the stock will rise eventually if they can show their competencies over a period of time. You can compare to SUM or RYM but keep in mind those stocks have proven themselves to us over a long period of time consistently. I have a small position that I'd like to add onto but I need to see more.
If you are truly long term, you should be okay with getting in at $1.02 or $1.32 for example. If you are holding long term then one day its going to be worth lets say in excess of $5.
Hey Maverick, we're all in this together. We're not blind to the short-medium term challenges and I think you'll find that the silent majority here have a more optimistic and longer term horizon than the vocal few, albeit they're certainly correct imo about the recent present and perhaps into the medium term view. I don't mind the constant reminders of our folly, real or not. I say not.
The only thing I sincerely disagree with the cautionary non-holders about, as I have laid out previously, is fear of the Macca "overhang". I won't bother repeating the detail, my assessment is documented here. I have no fear of it, or the consequence of their eventual exit, imho it will be orderly, off-market and not price affective.
OCA has presented a perfect opportunity for my needs, as not all of us can lob a few 10's or 100's of k$ into a stock in one go, so being a prolonged suppressed SP has enabled me to accumulate a decent prudent portfolio holding positioning for the future. I feel content having a holding that is in the black already that I have no intention of selling, and having one of the few of my selections that I can honestly consider as a value play.
All the best, the future is ours and our fellow shareholders to enjoy.
This is very well said. They have much to prove as a very young company on the NZX. I will need to see evidence they can stop the decline in profitability in their core care operations which account for about 80% of their current business model. Disciplined cost control and efficient management of the care operations is essential to profit growth.
As for a rising tide lifts all boats, that from experience is unfortunately not true. If they have leaks in them they don't rise as much as others. A good tough skipper also helps a lot and one wonders if Earl Gasparich is simply too nice... Having a ton of weight on this from a resident elephant is also weighing it down. Fix the leaks and get rid of the elephant, (which will take time), and it should be a good performer.
Well most of shareholders were betrayed by Macquarie last time...? Isnt it....
If MET sales goes ahead Tthe NZ Superfund would have enough cash to help Macca out - assuming they will keep that cash in the sector
Like selling out of one dog and buying into another dog ....and hoping it’ll be OK
Wonder if this is behind the sudden spurt in the OCA share price .....and if it goes above $1.20 Macca offering a discount might still be OK for them
Up another 3 cents already, to $1.18 ... keep going you good thing :t_up:
yes, happy christmas to me! I'll gladly reduce my holding and take a holiday somewhere fancy :)
I've got a question for the seniors here who have worked inside corporate life (like you Winner)
OCA has shot up so quick on no news. Yes yes , lots of catch up to happen and still way under valued IMO but the speed has been breath taking. Now this is OCA we are talking about, It's almost famous for being so boringly flat.(check out the SP graph for the last year)
Soooo , my question .....is it a likely scenario that the fellas doing the HY 1 results right now (the period finished end on November and due out end of next month) have spilled the beans on a really good upcoming result? I personally am anticipating it to be a 30 % profit increase YOY.
if my calcs are in fact correct on the big jump in profit, then is a leak possible or no way that actually happens here?
I am ignorant on this , while it's seems likely to me leaks happen, I know the penalties are very harsh in NZ.
the rally in retirement stocks is largely thanks to the RBNZ 50 point cut in interest rates
Sure has been a sudden burst in the share price eh Maverick
You ask why
Responses have covered 1) sector in favour (rising tides etc) but OCA a bit late to the party and 2) anticipation of a boomer half year result (Couts buy the rumour, sell the fact) but usually such behaviour is closer to the announcement and not a month out.
Those 2 factors have no doubt played a part but I have the feeling that it’s related to what Couta has been on about how funds recycling shares are also how Macca is playing the market. Price action now vaguely similar in the leadup to the last sell Macca sell down. Watch this space.
But then again it might just be private equity taking a stake before launching a takeover.
What private equity takeover..winner? I hope not.... otherwise All NZX companies will be taken out n we have no NZ companies