If I had a big holding still I'd be doing the opposite at $1.16 and cashing up a few chips.
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No investor in the world gets every single call right. Many professionals consider they've done well if they get 7 out of 10 investment decisions right, (I'm much harder on my self) and expect at least 8 out of 10 right, preferably 9.
My biggest holding is OCA and it is having a beauty of a run. Long may it continue as this is one of my longterm holding assets. I may sell down some of the longterm hold portfolio, if it is massively out of balance. That should be a while away.
Classic case of a high tide lifting all boats?
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....