$1.31, only slightly under fair value.
Printable View
$1.31, only slightly under fair value.
Excellent to see OCA in Herald brokers Top 5 picks for 2020.
While no guarantee, its always been reassuring to see the directors pouring lots of their own money into the shares.
I sleep better knowing their interests align directly with shareholders interests.
Well OCA is the next SUM now that the best of SUM is behind it and only the rear-view mirror crew are *still* making noise about it.
But seriously I think it will be an interesting year ahead :confused:.
Disc: Own a few, DYOR, happy new year & Gong Xi Fa Cai.
As they say CAN’T HAVE ENOUGH OCA
The time to buy OCA if you dont already have a stash at under $1.10 is after the result in a few weeks, let's see how they are managing those expenses first, if profits are up substantially but expenses have increased to match then what is it currently worth?
https://www.nzx.com/announcements/329805 Agree with you on this one Coutts. Shareholders have an expectation that Earl and his team will deliver a much better growth rate than last year's pathetic 5.3% interim growth result which Earl Gasparich described as a "strong result". I remember thinking at the time what's "strong" about it ? Very poorly chosen adjective in my opinion.
Rather comically, and in stark contrast, director Liz Coutts contradicts Earl later in the same press release and describes the result as "steady" and the dividend stayed the same and reflected the steady earnings
Shareholders holding at this price will be hoping this year's interim result really will be strong.Quote:
On behalf of the Board, Oceania Chair Liz Coutts confirmed that an interim dividend of 2.1 cents per share (not imputed) would be paid to shareholders on 18 February 2019. This dividend reflects Oceania’s steady earnings and cash flow and is in line with the Board policy.
Macca's must be licking their chops in anticipation of a huge share placement in 2020.
My understanding under the takeovers code is that anyone bidding for more than 20% is obliged to bid for the whole company. MET is struggling to get current NTA, the chances of a takeover bid for OCA at the current 30% premium to NTA look pretty slim to me. I am genuinely worried about a takeover of SUM though with their remarkable track record of growth. That's one company I definitely don't want to get acquired.
Best result I can dream of for Monday is a SUM takeover of MET ! SUMMET health care has a great ring to it :)
OCA up nicely @ $1.37 (5.4%), $1.39 high point. Nice going you good thing...!