Very true that. NTA has increased very nicely over the years.
Any thoughts and reflections you'd care to share on the meeting Maverick ?
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Thanks W69. Stuck in bottom draw not too be seen for 5 years.
Well all.....just a quick response from the meeting from some mall somewhere in Auckland.
The meeting was perhaps the most positive and helpful I've ever attended.
The directors were free and willing to engage after the show.
Taken away a good 10 nuggets from several private discussions.
I'm not prepared to go into detail now and maybe not even when I get home but suffice to say that the directors, the vibe amongst them and some figures mentioned privately are most impressive.
The overall single summary from the multiple interactions is that things are exceeding expectations.
I know the oca numbers well and I didnt detect a scrap of BS . In fact these guys really are knowledgable and accurate.
Brent was most impressive on and off display.
I remain just as bullish on this company as I have been.
I'll no doubt get back next week to spill a few beans ( but not all as some I think are meant to stay private).
Disc. One very , very happy holder.
Thanks for attending, asking questions and for your feedback Mav, much appreciated. OCA is a sound way to build wealth over the long term. I'm expecting good eps growth in FY23 and beyond, not very much in FY22 but this is a good year to be building one's position gradually for the future while the shares are at a very modest premium to NAV.
My concerns about human resource cost growing much faster than Govt funding remain but the ongoing transformation of OCA's business model with gradually overtake this headwind over time. Slow and steady wins the race !
Hound dog's rating : Accumulate on any untoward share price weakness.
P.S. I think I've found a new home for my KPG money realized the other day. Very safe bet that OCA's NTA growth is going to outperform KPG's NTA growth in the next 5 years.
Thx Mav, looking forward to your up coming posts. OCA very under rated by market currently when you look at Arvida sp. at one point only 20c separated the two. Now its around 50c. Just received OCA div advice, nice.