2 days trading till the result. Wonder what the sp would be this wed?....anyone?
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2 days trading till the result. Wonder what the sp would be this wed?....anyone?
Now that’s some proper ramping :)
Sorry for not responding earlier, I'm currently working 70 hours a week but thank you to Beagle and Couta for your responses outlining why you've had a change of heart over the past six months or so.
I agree that the market is pretty stretched so finding value is not exactly easy, although OCA might be one that has some upside if they meet or exceed their goals. Without years behind them of doing what they see they will do, it's always going to be a bit of a punt. Time will tell but so far they give the impression that they're on target. I feel that there's still some uncertainty about whether OCA can deliver and the market has priced it at a PE much lower than its peers because it hasn't earned the trust the likes of Ryman obviously has with its lofty PE. Also Macquarie still owns the majority and they've got the green light to selldown after the full year results come out in July. I'm not sure but perhaps this has capped the share price a bit as well. Not to mention the general uncertainty in the retirement sector with the change of government and the news of slowing house prices.
Anyway the picture will get a bit clearer on Thursday. Good luck to those that hold. I think you'll probably do quite well, certainly if the directors buying all the way up to 98 cents is anything to go by :)
Over $1.10 today in the rush to get in before the exciting news tomorrow
Better top upbig time tj ...never be this cheap again
Good post. Probably worth noting that the NZX50 is up 8% since directors were buying hundreds of thousands back in August 2017 at 98 cents so on a market adjusted basis several directors were buying in significant volume at what's amounts to effectively about the current level. They would of course be unable to buy at present due to restricted persons trading policy immediately before an announcement.