I think you will find wide agreement that they could improve on making their numbers easier to digest ...
Maybe a question for the next AGM?
Printable View
Maybe seeing as they're running homes for the bewildered they think they should keep shareholders in the same state lol
https://www.bing.com/search?q=obfusc...&setlang=en-US
Also rather opaque, (which requires more sniff the breeze and take a guess at least from this dog) is exactly how many of the units being delivered in 2H FY19 will actually be delivered to incoming residents before balance date and how many are delivered into finished stock. Its all about as clear as some of those Rotorua mud pools. Literally you can get a range for underlying profit from $40m to $70m depending upon how many units are signed and sold before balance date. I think its more likely in the middle of that range $50m to $60m but frankly I think its anyone's guess.
I think the main thing to concentrate on while we travel this long journey is that the projects are on time and on budget as confirmed by the company in its late January 2019 presentation. This is no easy thing in the Auckland construction market, just ask Fletcher executives lol
The profit from these new units will happen, its just a matter of which year. Those selling at 99 cents look like they may be capitulating but who knows where this goes in the short term.
Not that it would matter for investors ... however - SP closed today 2 cents (at 101) above the days LOW (at 99) with quite good overall depth.
I take this as a good sign.
Might be last opportunity to buy OCA close to $1 ;);
Just quietly I thinks that's why you'll find the development of AI & robotics is moving v quickly in this industry at the moment. (Not in the interface directly with the patient or resident, but in the supporting roles a step or two back) . Within a couple of years this could be a game changer in terms of costs.
Always good to finish above the open and the days low ...must be a candle name for that but at least not an abandoned baby one
The tide has turned ....back to 120 before we know it
Be a bit happier at that price as I wasn’t one of the lucky ones who took a punt at the ipo or in the 80s. Punting does work sometimes.
ok, I`m going to call that...... another irregular huge off market transfer gone through, boom. Seen this a bit lately , so the way I see it is that the sp is being manipulated down on market ( it defies any logic at $1) to set up the buy price for these significant off market trades to go through at.
Completely agree BP, so now we have a wide gap between the next sellers up for grabs. The normal sized pile at $1.02 and nothing else until $1.05.
So if the off market guy has completed his operation then the price will rapidly rise north. But if he has more jiggery-pokery then we can expect a huge pile to appear for sale at $1.03 to keep a lid on things.....lets see what happens next....oooooh so interesting.
A down day ......we don’t have an abandoned baby candle pattern forming do we? Very bearish.