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28-06-2020, 02:17 PM
#5801
Hope this long term story is a beaut.
NAV forecasts $54m for F20 underlying earnings while beagle has said something less than last year.
So underlying earnings declining 2 years in a row ...not what BaaBaa and his recurring growth in underlying would like to see.
Suppose we got sucked in that 35% pa growth from 2017 that Earl needed to get his bonus ....going to be a long way short of that
But be patient ...its a long game......only hope we not saying that in 2025
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-06-2020, 02:43 PM
#5802
Underlying profit would have been up but for Covid 19 so no worries. Underlying profit after adjusting for C19 impact is what's important.
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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28-06-2020, 02:59 PM
#5803
Originally Posted by Beagle
Underlying profit would have been up but for Covid 19 so no worries. Underlying profit after adjusting for C19 impact is what's important.
Hope they make a decent number up for impact of C19 so we can normalise things ...unless this the new normal.
Greencross Health were a bit dumb the other day they said C19 had NO impact you would have thought they would have a number up and said that $Xm was the impact.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-06-2020, 03:13 PM
#5804
Member
thanks winner69.
Does anyone know how much OCA on average charge for a new village unit (or) a resale? For 2019, the new sales count was 76 and resales was 83 (so, 159 in total). The revenue from all village operations was $24m. That brings the average to $151k. (excludes DMF);
is $151k close enough? it seems a bit low; am i missing something?
cheers
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28-06-2020, 03:49 PM
#5805
Originally Posted by Paradox
thanks winner69.
Does anyone know how much OCA on average charge for a new village unit (or) a resale? For 2019, the new sales count was 76 and resales was 83 (so, 159 in total). The revenue from all village operations was $24m. That brings the average to $151k. (excludes DMF);
is $151k close enough? it seems a bit low; am i missing something?h
cheers
Lots of sale prices of different things in this presentation.
http://nzx-prod-s7fsd7f98s.s3-websit...503/315683.pdf
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-06-2020, 04:02 PM
#5806
The last paragraph on page 34 is more than a little bit interesting. My rough guess of $40m underlying for the year could be miles out depending on how many units they have sold. Anyone's guess what the underlying profit for the year will be eh Winner. What we know though is NAV was $1.15 inclusive of work in progress as at 30 November 2019.
I feel well positioned
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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28-06-2020, 04:15 PM
#5807
Average brokers ..$1.19
Mcewan broker... recommend hold.
U are so close master Beagle
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28-06-2020, 04:28 PM
#5808
Originally Posted by Beagle
The last paragraph on page 34 is more than a little bit interesting. My rough guess of $40m underlying for the year could be miles out depending on how many units they have sold. Anyone's guess what the underlying profit for the year will be eh Winner. What we know though is NAV was $1.15 inclusive of work in progress as at 30 November 2019.
I feel well positioned
I reckon $71m
Bit shy of $84m where Earl said it would be a couple of years but at least an improvement on last year
Theyve got to break this habit of selling heaps more stuff and making stuff all more ....$71m will do that
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-06-2020, 04:35 PM
#5809
Good point King1212
https://www.marketscreener.com/OCEAN...68/financials/
Average broker forecast is eps of 12 cps up 50% on last years 8 cps ! That would put them on a current year PE of 7.5 which is stupidly cheap.
I better buy some more, you can't have too many
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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28-06-2020, 04:47 PM
#5810
Member
Originally Posted by Beagle
The last paragraph on page 34 is more than a little bit interesting. My rough guess of $40m underlying for the year could be miles out depending on how many units they have sold. Anyone's guess what the underlying profit for the year will be eh Winner. What we know though is NAV was $1.15 inclusive of work in progress as at 30 November 2019.
I feel well positioned
For the first 6-months, they had sold new/resold 186 units & suites.
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