yes stories are great but i come from a family of military, lawyers and accountants... show me the money.
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yes stories are great but i come from a family of military, lawyers and accountants... show me the money.
If there’s a repeat of the COVID Fire sale I’ll be unwavering in my buying! can’t have too many some people say 😉
I'll be commencing a deep dive as well from tomorrow. Having extensively researched Ryman few years ago, hope to glean some similarities in the financial analysis. Why and how are OCA's statements complicated?
Also, curious what long term view you're taking? Am I right that OCA debuted in April 2017 at 80c approx and pre-covid max was circa $1.30, so 17% CAGR?
Oceania a great long term and compelling story
I’m waiting for the next fall back into the 70’s (or lower) when full year results disappoint. First half underlying cash flows were pretty shocking and that possibly will continue into second half.
In normal time a financial advisor might have a sell on it but even at 3.5% DIV on the underlying assets you would have to be mad to sell. where you can only dream about a 3% TD. I think yes but even if there is selling how many will scramble to buy. You wont see 70 for long. It will be a mad dash to buy. These arnt normal times and you cant apply FA at 5% DIV as normal and a sell. Its just like buying GOLD but better. 70 or lower who would sell at that unless you bought everything at 40... Madness to sell even if NO profit for the period or even a LOSS. Downing ramping?
good support on friday afternoon. Over 1 million for the day and plenty of support down to 90. The market understand value in bricks and land and in a brand that covers many sectors of a market in one. Hotels and health and property all rolled into one entity; And many Locations!
Your first question, have a deep dive look, you'll see.
Long term means exactly that in the ordinary interpretation of that expression.
Fact is as others have alluded too, we live in a yield starved world where the average term deposit is now on offer for just under 2% and according to Mark Lister of Craigs at this point with all the companies presently withholding dividends the average yield of the NZX50 is just 3.6%. In that context the 4.9 cent annual dividend OCA is capable of paying gives an excellent yield of 5.21% at Friday's closing price of 94 cents. This is very comfortably the best yield of this growth sector.
They listed at 79 cents in early 2017, hit a peak of $1.39 in late 2019 and a low of just 38 cents in the depths of the Covid 19 panic in late March 2020.
http://nzx-prod-s7fsd7f98s.s3-websit...503/315683.pdf Cash flow $57m up 21%. The market has demonstrated with the RYM result it is well and truly prepared to look through hopefully one-off Covid 19 costs.
Ei...master winner sold out n tried to ramp down to buy in ehhh??? Cheeky fellow eh.....
yes i also sold some at over 104 in one portfolio but hold in another. i have tempted to sell and hope for an entry point under 70 as my avge in the long term portfolio was 72-78. But i would need a sub 60 to make it worth while and how long would you have to buy in? the sub 50 did not last long and i found on the those crash days i could not get an order moving in the system and gave up.Every time there is a good sell off the system bends under the pressure as buyers swoop in!!!
Look forward to the up and coming P&L.
Oceanians, (oh look I coined a new term !), can be very proud of how well our company has looked after its vulnerable residents and managed the risk so well.
A reminder that all 7 Covid cases are contained within border quarantine facilities and there is no evidence of community transmission. There has been a doubling of army personnel at quarantine facilities according to the Govt.
Like you Forest, I'd like to know what the heck Winner is on about :confused:
DISC: i dont always hold this stock but if they can manage the assets i expect to hold over most of the next decade if possible and if a loss over this period the market has not shown that companies are punished unduly for it. I would love to buy at 60 and below but really is the market going to fall for it!