It would be a smart move!
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Got some bonds, through Jarden Direct. Scaled back 50%. Only time will tell if the bonds were a good idea, and also time will tell if scaling back was a lucky break.
My application was scaled back heavily so I decided to buy some more OCA ords instead.
I topped up some ords as well, $1.51 seems a good price especially when I sold a few at $1.59 a week ago.
Just followed Joshua Wang on You Tube. Nice young man, did a good sector comparison video on OCA. Seems to be the best for future growth. I would have to agree. They are holding the Waterford property, just aching for development, and now they have the bond proceeds to do it. It would be great if they were well into it by 31 March.
COMP PROPS all time highs.. OCA... waiting on you..
must hold 1.50
Try this:
https://youtube.com/c/JoshuaWang
Thanks. He had a good August...certainly not the only one ;)
I have just noticed that PEB and OCA have a similar SP and number of shares issued and hence similar capital value of about a billion$ . I own both and have been asking myself what the situation will be in a years time?
It is an interesting concept. One is a growth stock and the other is a sort of growth stock. I own both, but feel if things progress well in both companies, PEB will still do better in sp. The only difference is that OCA pays a dividend and I don't feel PEB will do within 5 years. Still best not to over invest in PEB yet.
Interesting - I am pretty sure one of these two candidates has a significantly higher "hype-factor" built into the price ...
But anyway - let us know when you get an answer from yourself to the question you asked :):
Personally I know which of the two I would favour ... but then, I am not very good in predicting the development of the hype component of any security. But then, who is?
Discl: hold OCA (lots ...)
Comparing chalk and cheese is a waste of time. Comparing different types of cheese is much more interesting and relevant.
Went back up to a 10% allocation. Every dog has its day and this one is due to start barking very handsomely sometime in the next 12-18 months.