The depth chart/table tells a sobering story, tons of buyer demand facing disappointment as they sit 1-10 cents behind the bid, while the sell side has thinned out considerably with a wide price spread. This is a setup for a re-rate upwards as buyers realise they have to meet the market or miss out.
Originally Posted by bull....
clean air up to 1.20 when breaks above 1.1 i reckon
Yeah, may be bouncing off $1.20 before we know it. Was overdue a rerate I reckon...here's hoping most of us boarded the train prior.
Bit of a worry when Mav says this - Meadow bank” sales on track but not as strong as “Sands”. (there were actually 49 apartment deliveries of stage 4 . Earl`s number of 64 is incorrect so the fact they have only sold 34 so far is as per expectations)
Whose right ....Earl or our Mav
Big difference between 34 and 64
Still hoping this Oceania story is not a bull **** story .....be carnage if it is
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Yeah, may be bouncing off $1.20 before we know it. Was overdue a rerate I reckon...here's hoping most of us boarded the train prior.
oca poor relative performance in the sector offers potential for it to close the gap on its peers im thinking and the bond issue subscriptions will be a big indicator.
if it is well over subscribed would mean investors have faith in the company looking ahead if its a poor subscription i be running for the hills lol
oca poor relative performance in the sector offers potential for it to close the gap on its peers im thinking and the bond issue subscriptions will be a big indicator.
if it is well over subscribed would mean investors have faith in the company looking ahead if its a poor subscription i be running for the hills lol
Its a bookbuild on the rate so the issue will be filled and likely all $50m in oversubscriptions, (total $125m) subscribed at close to 2%.
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
toes only at the Mo .... dont see the sweds coming over the horizon just yet...westerly gales will blow them back out to sea unless they came round cape hope.
On a price/book basis OCA priced about the same as ARV
No longer the sector laggard
Seems about right
MET - Who cares...that dog is about to be sold.
ARV $1.68 /$1.27 = 32% premium to NTA
SUM $8.70 / $4.91 = 77% premium to NTA
RYM $13.85 / $4.52 = just over three times NTA
OCA $1.11 / 95 = 16.8% premium to NTA but OCA talk a lot about NAV which includes developments in progress which was $1.10 as at 31 May inclusive of valuers steep write-down's caused by Covid which have turned out to be baseless assumptions. so the share price is trading right in line with the heavily and inappropriately written down NZV as at 31/5/20.
PLENTY more room for OCA to run in my opinion.
Last edited by Beagle; 28-09-2020 at 01:57 PM.
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
Originally Posted by Baa_Baa
Yeah, may be bouncing off $1.20 before we know it. Was overdue a rerate I reckon...here's hoping most of us boarded the train prior.
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