Most people would be back from their holiday now and have had a chance to review the result.
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SUM also down 3.0% last couple days
Well spotted, SUM was 9.27 last Friday & finished at 8.93 on Tuesday down over 3.5%.
And RYM hit 16.65 before dropping as low as 16.23 before recovering somewhat to finish 16.41.
I feel sure market seemed happy on Friday with OCA half year result, never takes long to react if any real surprises.
Personally would think retirement sector might be a safe haven for a bit of money coming out of AIR, AIA, THL, CVT etc over coming weeks & hopefully see a healthy bounce back.
Last 18 months Oceania has reported negative free cash flows of $80m (spent more than got in) and also paid out $40m in divies
All funded by $120m of added borrowings
Talk in last week’s announcement of a bond offer coming soon
One way to keep the money go round going round
used rounded numbers