Can you have too many? Very unlikely to go below $1 yet the market is chaotic and often has no clue what it is doing in the short term.
Printable View
totally below 1 coming needs to take out that 1.04 low of before xmas first. looks like they are pinning there hopes on the 2 villages to be completed this year to provide the margins for the full yr. thats what earl told nbr but what about next yr then if margins are already under pressure? margin pressure is evident in the other stocks as well.
Not sure where you get the idea OCA "margins are already under pressure" Bull.
Earl commented....
"Sales at our Meadow bank Village have been particularly strong, with all 62 apartments in stage 3 now either sold or under application. less than a year since this stage was completed."
"We have already received presale applications for 13 apartments at the Sands with strong pricing that reflects the high quality of the product."
Page 9- "Bayview" ....Demand for the remaining (21) care suites is expected to be strong.
So now it just comes down to whether Earl is putting a "spin" on things. From every source, including a friend who was very involved with the Macquarie float, I`m hearing that he is first class. So I have no issue trusting his comments.
What I like about this business is... the more I own... the more money stays in New Zealand.
I believe with long term outlook many others hopefully see and feel the importance of being part owner of businesses in New Zealand. Not complaining once the milk has been spilt.
Be the fence at the top of the cliff. Not the ambulance at the bottom
Oh dear $1.04 again....never mind...Chinese year of the dog ends on 4 February 2019 so all those that bought a pup off Macca's when they sold down at $1.10 in September 2018 should be all good later next month...or maybe not. 2019 for the Chinese is the year of the brown earth pig :eek2:
Anyway enough silliness for me on Auckland anniversary day.
Just been looking at your interesting post on value creation v destruction. How do you (or others) rate Oceania for return on capital prospects?