It looks faster in italics doesn't it? ;)
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whats the target price before update?
Well, it looks tempting, does it ... however they say 'invest only money you can afford to lose'.
Unless you are able to predict the future (and I know only about one being able to do that, and not so sure about her as well) I would try to avoid betting the house on the performance of one individual stock, even if it looks tempting.
OCA is a strong company for sure, but have we really started to consider broker targets? They’re a joke and should never be used as part of any serious investment decision
That could be true, a joke. But notice that they are quite conservative around pre COVID highs. How materially has the business been damaged by COVID? Not 25% imo. Room to move up to close the gap as the two months of delays in development are caught up with, other than that nothing else seems material? In relation to sector peers OCA is a gift at these prices, again imo
Disc raging bull 😁
It funny you mention the house BP.I first brought into HGH when they got their banking license (74c from memory) and held for some time while looking for something with more upside despite knowing there would be more risk.Its at that stage i came across ATM.I sold my HGH for$1.28 a share and brought 70,000 ATM shares for 50c a share.My partner then got herself pregnant somehow and been an honorable man i decided i could no longer continue with the risk that is the sharemarket and sold them at $5.60.We purchased an investment property and have enjoyed the passive income ever since.Despite been tempted many times to come back to market,i resisted.Then there was covid.........After much discussion and lots of soul searching,here i am.Opportunities like this may come around once or(im hoping)twice in a lifetime.The saying is nothing surer than death and taxes.Well,before death comes old age...blah blah blah.You get the point.The house you mention came from here and ive always been a bit of a punter.He who dares....WINS.cheers
I think the important point is the 6% is in your hand, (before tax) with no work and is likely to grow over the years ahead. On the other hand the 5 year fixed rate from BNZ at 2.99% is exactly that, fixed. I think that's quite a useful margin for the modest risk involved.
Not much chance of an OCA resident contaminating your property with methamphetimine, throwing wild parties wrecking the place or not paying their weekly rent and they're the ones paying for the full refurbishment of the proeprty every so many years, not you :)