OCA share price up 33% in last month
Another 33% in next month and a new ALL TIME HIGH beckons before results announced
That's exciting
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Have a look at the link I provided in post #5493 - page 15. OCA have the best development margin in the industry. They also have the best yield in the industry. We are free of the Macquarie virus and the Covid 19 virus. I see no reason to sell.
Heck if the independent appraisal report valued MET at the mid point at 17 times underlying earnings with their suboptimal development track record then OCA must be worth at least 20 times earnings which could be 11 cps next year so potentially this could more than double in the next year or two ! 11 cps x 20 = $2.20 !!
Excellent recovery that's only just started. Very happy days ahead for OCA shareholders. Still yielding ~ 5% at 1.00 and trading cum FY20's final dividend of nearly 3 cps to be announced next month.
Jeez suggests OCA shate price could double in next year.
That would be cool.
Having fun today ...share prices going mad...
And I had my first lunch of oysters and chips on the beach in the sun for ages
MATE...what a great way to celebrate being Covid free !! I would have gladly joined you if I lived in wellington...could have even patted your dogs, that would have been a great bonus :)...but instead I celebrated N.Z. being Covid free by cleaning out the sell line at $1.00 and going on the bid for more.
Could be a dangerous thing when you start believing your own B.S. eh mate lol...but I took a DEEP BREATH and thought about where this will be in 2025 and $1.00 looks stupid so I did something about it.
The legends of investing are suggesting a share price that is far higher than they were predicting a year ago and yet the fundamentals of this company are the same if not worse due to a deep recession on the horizon? Ok you guys know this industry in depth including that other legend (MAV). I looked at page 15 and it certainly means i should have bought a lot more today in the trading portfolio. I have a few in another portfolio not anywhere near as many as they heavy investors here im sure.
Does this mean that that legend of OCA (MAV) was right all along? as the auction hits 1.05, got some more at .97 but clearly yet again NOT ENOUGH of them!!! almost back to where i had 200,000 of them in december and sold at 1.30 only to loss the profit in selling AIR far to late. This time i only have a small number at 72. How ever i have a small holding company coming on line later this week i hope and prehaps buy a lot more at 1.08 again! Ground Hog Day. The last 10 years have indeed been one of nothing but Ground hog Days. Will the next 10 year bring a new golden bull market.
I came home to see these at $1.03 wow. Popping a bottle of beer lol