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28-01-2020, 05:41 PM
#4351
Originally Posted by winner69
Bit of a sell off today and back to $1.25
Disappointment at results? Or just virus panic?
Most people would be back from their holiday now and have had a chance to review the result.
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
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28-01-2020, 05:58 PM
#4352
Originally Posted by Beagle
Most people would be back from their holiday now and have had a chance to review the result.
The volume (twice average) would suggest probably a lot to do with results.
Value traded not much less than Ryman and heaps more than SUM ..hmmm
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-01-2020, 06:31 PM
#4353
Originally Posted by winner69
Bit of a sell off today and back to $1.25
Disappointment at results? Or just virus panic?
Its a panic situation. Just about everything got hammered today. It will correct itself within 3-6 months
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28-01-2020, 07:00 PM
#4354
[QUOTE=BlackPeter;788144]
Originally Posted by Brain
Just to clarify - the quote you posted with my name in it and replied to is not mine .... You probably edited my post and Ggcc's post and deleted on the way a handful of back-slashes too many ...
my apologies BlackPeter
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28-01-2020, 07:09 PM
#4355
Originally Posted by Ggcc
It’s a panic situation. Just about everything got hammered today. It will correct itself within 3-6 months
NZX50 was down 1.0%, OCA was down 3.1%, just saying...
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
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28-01-2020, 07:28 PM
#4356
Originally Posted by Beagle
NZX50 was down 1.0%, OCA was down 3.1%, just saying...
..........and Ryman was UP
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-01-2020, 07:44 PM
#4357
Originally Posted by winner69
..........and Ryman was UP
RYM was also down just over 1% at one point but being best of breed the punters often turn it around quickly.
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29-01-2020, 01:06 AM
#4358
SUM also down 3.0% last couple days
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29-01-2020, 01:40 AM
#4359
Originally Posted by dreamcatcher
SUM also down 3.0% last couple days
Well spotted, SUM was 9.27 last Friday & finished at 8.93 on Tuesday down over 3.5%.
And RYM hit 16.65 before dropping as low as 16.23 before recovering somewhat to finish 16.41.
I feel sure market seemed happy on Friday with OCA half year result, never takes long to react if any real surprises.
Personally would think retirement sector might be a safe haven for a bit of money coming out of AIR, AIA, THL, CVT etc over coming weeks & hopefully see a healthy bounce back.
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29-01-2020, 08:15 AM
#4360
Last 18 months Oceania has reported negative free cash flows of $80m (spent more than got in) and also paid out $40m in divies
All funded by $120m of added borrowings
Talk in last weeks announcement of a bond offer coming soon
One way to keep the money go round going round
used rounded numbers
At the top of every bubble, everyone is convinced it's not yet a bubble.
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