Actually ATM is one of the only stocks worth buying on the NZX currently and I'm in up to my neck and still buying.
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forget retirement homes, we should all be buying shares in Macquarie,MCG the millionaires factory.
Its a top pick for 2020 on the Livewire investor page.
Disc: hold OCA
Good luck with that - Cash is King in my books at the moment but would have liked to go after FPH with the subsequent NZ$ downgrade and health needs.
HLG is definately one of the very best companies, not much to choose from atm on the market, except power companies expected upward re-rating...
Trash taken out.
Guess my Gutometer needs work. Beagle has analysed the hell out of OCA and ZEL which were 2 of my conviction picks. One for the full-range care offering and the other for the dividend. Clearly need to dig under the hood a bit more and avoid Macquarie anything and try to identify the dividend traps better.
Today's price action looks mostly like a half-hearted bounce from yesterdays strong down-leg. Especially in Aust with the headline Iron-ore stocks. Watch out below is my gut response...
First time contributor but long time appreciator of all of this forums many informed contributors!
I totally agree with your sentiments re Macquarie (burned by Feltex and observed many similar instance since), Balance. So, I was very hesitant, when I bought into SUM, some years ago, when there was still the Macquarie overhang with SUM.
I did buy - and it's gone very well. Can anyone tell me (honest question) how this situation is any different - except for the obvious that they are different companies? Thanks.
Disc; Own just a few - that owe me about $1.15.
We never arrive, we are always learning but at the end of the day you must follow your own convictions not someone else's. Long term OCA will do okay for those patient enough to hold and collect a small divvy along the way, ZEL ain't going away in a hurry and as long as you bought it at the right price then I cant see why it cant be a long term divvy hold.
Stuck with OCA for a while now and ZEL has near term CAPEX challenges and I am recycling capital for dividends to live off month to month. Not quite well enough off yet to hold for divs over the long term except in Aust. Problem in NZ is no liquidity so always a challenge to recycle capital. But do enjoy a punt once in a while, wish I had liquidated my OCA at $1.36 as you mentioned but missed the boat...Still - always new opportunities coming up, always plenty more to learn...
Any guesses as to the strike price? $1.20 is only the underwritten number and the underwriters will be looking for a bit more to avoid their commitment
NB. OCA deniers needn't participate!
;)