There's no doubt about it. Sharetrader sure moves the market in OCA!
;)
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I'm guessing that the $1 bid I put in before Christmas is not going to be filled. :t_down:
Number of development sales trend by half year from H117 with forecast (mine but based on reading stuff here) looks like this —
H117.....25
H217.....27
H118.....23
H218.....77
H119.....90
H219.....160
All says we are heading to greatness and becoming rich as
If they did achieve 500 total sales then underlying profit will be over $100m (last year $52m)
At $100m that’s an eps of about 16 cents
And the share price languishes under 110
Jeez, sounding more like beagle the more sums I do.
http://nzx-prod-s7fsd7f98s.s3-websit...631/290269.pdf
Yeap. See page 9 from Nov 2018 investor presentation - On track to deliver 272 units this year.
The split of about 90 and 180 is the answer I got to that question when I asked Earl Gasparich for the split after his presentation to the NZ shareholders association Auckland meeting late last year.
$1.08 is almost stealing eh winner, especially cum a 2.5 - 3.0 cent divvy next month :)
Anybody notice ARV is now near its all time peak. This is OCA`s closet cousin. Just happened to have an "underpinning" great report come out a month ago which OCA is also about to do in 2 weeks.
I'm not at $100m underlying for FY19 YET but well worth noting that last year they made development profits of $21.1m on just 131 units and this year they have 272 so that alone on a linear basis suggest development profit will more than double this year. Add in slightly increased resales based on a 20% uplift last year in embedded value and I foresee about $75m underlying profit at this stage which is a profit rise of about ~ 50%, similar to last years stellar profit increase and gives about ~ 13 cps underlying profit.
Forward underlying PE is the cheapest I have ever seen for any stock in this sector at any stage including during the GFC. Looks extremely cheap to me especially cum a reasonable dividend next month.
mentioned 1.04 might bring out the buyers looks to be the case also around the 38% - 50% level retracement from the high. needs to reclaim above 1.08 to maintain the uptrend from listing i reckon
Beagle ....I think we are talking different things ...like you mention 131 units for last year while I’m using 100 for last year
You talking units delivered and I’m talking units sold. You keep reminding me no gains until sold eh.
Maybe by estimate of 250 new unit sales is a bit outrageous but whatever it’s going to be a huge number, especially relative to last year.
Good to see share price up today ......probably go up again tomorrow as well