OCA will have no real trouble meeting their NPAT forecast for FY18...
However once that report drops, it becomes another ticker in a rather low valuation sector of the market.
OCA has a very FY18 centric pipeline, there is little info on the timeline for FY19 construction and sales commencement.
It will not be given a premium to the market... 13-16 times forward earnings seems to be most likely.
Sept 2017
Sept 2018
RYM - $9.50
$13.48
SUM - $5.19
$7.70
ARV - $1.24
$1.34
OCA - $1.03
$1.18
MET - $6.00
$6.26
Just for comparison purposes I've changed a column and put in today's prices.
There is no comparison... And comparing based off both share prices being close to each other (being $1.0x) is not a good strategy for comparison as I'm sure you know!
MPG listed some 3 years ago (I think?) which I wouldn't call recent, but maybe some others might. They are also in totally different industries with different issues and opportunities etc... but for what it's worth, OCA hands down!
Last edited by trader_jackson; 16-10-2017 at 07:53 PM.
OCA or MPG? Are you kidding? There is no comparison... And comparing based off both share prices being close to each other (being $1.0x) is not a good strategy for comparison!
For what it's worth, OCA hands down
It was a slow day.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
MPG doing terrible but the favourite in this race is doing even worse by the looks of it
Both stocks dogged by unfavorable sector sentiment at present.
Crossed my mind to do another silly poll this afternoon. THL and SUM both closed at $4.92. Didn't start one because I can't decide which has better prospects in the year ahead lol. Just as well I have a bob or three on each. Maybe they'll both do really well and I'll get the quinella
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Game back on with these two both closed at 94 cps. SUM and THL more or less in lock step too.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Game still on both at 97 cents. Spooky how these two are more or less tracking each other yet one listed for ~ half the IPO price of the other.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Game still on both at 97 cents. Spooky how these two are more or less tracking each other yet one listed for ~ half the IPO price of the other.
Even more spooky given one has very sound fundamentals while the other... well not so much.
Maybe OCA is buying glass of MPG and MPG is allowing the highly (some ridiculously so) paid directors and/or managers etc to retire early into an OCA village?
Originally Posted by hardt
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Good joke
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