just a observation not a conclusion
Printable View
Yesterday’s talk about Oceanio being a private equity IPO ....here’s one view
Not aimed at OCA ....just accounting and IPO in general ....though bottom right hand box is interesting
How much of the pessimistic sentiment based on falling real estate values, in Aust & predicted to follow here, seems misplaced?
While Auckland house prices only slipped .09% over the summer, values in some of the regions going gang busters, e.g. Hawkes Bay up over 10% (OCA has 8 sites in H'Bay. 7 sites in Tasman/Nelson, 11 in Coromandel Waikato, Wellington, Canterbury etc )
With it's regional spread, overall value of OCA real estate assets likely to still be increasing rather than sliding.
Beagle don't like masquerading as the shoe shine boy being last to buy on a run that's already almost done. I think in the late $13's ATM is a very high risk place for anyone to invest fresh capital. Synlait is the home for new money in that sector in the late $9's in my opinion.
No way selling OCA at $1.06 and paying top dollar for ATM makes any sense to me.