Come on mr dog!..read thier recent presentation.....that will make u grave enough to double down:scared:
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I confess l’ve been buying a few more lately, while they’ve been trading under $1, oh and this one is one of my nzx competition picks for 2018! Time will tell.. a bit risky compared to it’s pairs, but I like the potential :)
One suspects they have a better than fair chance of leveraging off their excellent care reputation to grow nicely over the long term.
Got to say..not much value share at NZX now..except OCA
Maybe a bit late, yet I see OCA as a opportunity. Long term, has potential.
Disc. Had a look, liked what I saw. Bought a small parcel. Diversified
Yes its been a big year on the NZX with the market up 23% and value getting harder to find which will encourage more people to look at left field less obvious choices.
Lots of potential if they can prove themselves but investors jaded from getting skunked on a lot of new listings in recent years (TGH, EVO and MPG to name just 3) will need to see a steady string of positive announcements before they'll ascribe a market average sector PE to this one. If they can prove themselves and grow earnings nicely over the next few years this has plenty of potential to double over time with some reasonable PE expansion thrown in as the company builds trust with the market.
I am cautiously optimistic over the long run.
Forward looking say OCA underlying profit F18 (May year end) of $50m puts them on a forward looking PE of 12 (they haven’t said what F18 profit going to be but refer to underlying ebitda of $62m so using that)
SUM underlying profit F18 (December year end) say $100m (+20% on F17) puts them on forward looking PE of 12
Think I know which is better value / cheapest or whatever
probably completely wrong about OCA forecast - you never know they might make as much as SUM. I stand to be corrected