How do you know how much its really worth? We only know what the market is at current prepared to pay for it, which might be more or less than what it is worth. Anyway - SP nicely staying North of the MA100 and MA200 - no worries ;);
Printable View
Posted 29 July 2017,. emphasis added this time. I believe the issue now is this. We have SUM as a proven performer over the last 6 years on a forward PE of 13.5 and SP is stagnant for want of a better description. With OCA there is no track record of listed performance and we have a one year forecast of 40% profit growth to 8.42 cps. I think given the uncertainty its only natural people want to stick with proven performers, (notice how RYM with the longest track record of proven performance has been least affected) and this newly listed stock deserves to trade at a material PE discount to SUM. About a 2 PE discount is the absolute minimum discount I think is appropriate so the shares probably are about fair - full value on a relative basis. I think you can lay the blame directly at the feet of the prospect of a left wing Government for the current softness in the retirement sector stocks.
Great to see OCA awake from its month long slumber this afo & up 4% on the day
Well.. Winston has officially yet to make up his mind, but the market seems to have decided he's sticking to the status quo - LONG LIVE THE KING
It seems to me he hasnt got what he wants and is holding out for more from either nat or lab. The excuses are ludicrous . Who would vote for this ,NZ FIRST , shambles.
Big numbers today on market. I do wonder when the government get formed whether the price will go up or down. If labour gets in we might see a drop and if National gets in we will see a steady gain I think.
Not big numbers for OCA though, or the rest of the retirement sector (perhaps surprisingly), or at least not yet
The recent, relatively fast, bounce from the 95-96c back to $1.03 - $1.04 shows they think National will get in (my thinking anyway)
On another note, such a beautiful day in Auckland today, went to have a look at OCA's Maureen Plowman Development - pretty impressive what they are going to put in there - 64 Apartments; 12 Care Suites; 32 Care Studios - given the fairly small 7,126 sqm site. Big crane there with the concrete truck poring the basement parking level (I think there are 2 levels of underground parking, with 5 levels on top) - expensive stuff.
Likely to be mostly million dollar plus apartments I reckon and I'm not sure if there is any retirement village in the country where you can walk about 20m and be on the (actual) beach - sell down to begin in May 2019 (so a while away) and interest is likely to be strong.