Also, OCA has just been included in the MSCI Global Small Cap Index. I guess the free float increased substantially when Macquaries left the register and this let OCA make the cut for inclusion.
We still have a bit of a wall to get thru between 75 and 78 but i get the feeling we are now heading in the right direction.We may see another run similar to the recovery from 40 to 70c.AIMHO
A new craze is emerging ..... a profit measure called EBITDAC
take out Covid impacts and report that as your profit
Good trick for the new Oceania cfo to use
Not really a "craze" though is it. I think knowing what operating profit would have been without specific Covid 19 costs is useful information as hopefully that gives investors a better handle to assess fair value based on normalised profit. (One would hope Covid 19 costs won't be with us indefinitely).
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
Not really a "craze" though is it. I think knowing what operating profit would have been without specific Covid 19 costs is useful information as hopefully that gives investors a better handle to assess fair value based on normalised profit. (One would hope Covid 19 costs won't be with us indefinitely).
Lots of work for Snoopy coming up ‘normalising’ and ‘covidising’ things
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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
Not really a "craze" though is it. I think knowing what operating profit would have been without specific Covid 19 costs is useful information as hopefully that gives investors a better handle to assess fair value based on normalised profit. (One would hope Covid 19 costs won't be with us indefinitely).
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Originally Posted by winner69
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