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  1. #5201
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by youngatheart View Post
    Close of day mid 80c by the look of it!
    It wouldn't surprise me if we get there in the near term. At 81 cents you're still getting north of a 6% yield which looks reliable and sustainable and buying at a ~ 20% discount to NTA and on a historical underlying PE of just 10. There is no other company in this sector providing those compellingly attractive metrics.

    I am back buying even more today. There's nothing I can find on the NZX that I like more than this one.
    Last edited by Beagle; 25-05-2020 at 09:12 AM.
    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

  2. #5202
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    There is one more Master Beagle.... retirement village starts with M.....

  3. #5203
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by King1212 View Post
    There is one more Master Beagle.... retirement village starts with M.....
    LOL - Good metrics at MET for sure mate but the yield is only 2.5% so if one gets stuck there for years one is counting on capital gain, whereas with OCA @ 6% one has the luxury of infinite patience...what with interest rates going down to very close to zero, 6% is a compelling yield.

    P.S. I still have heaps of MET and reckon the odds on some form of settlement are about 50/50.
    Last edited by Beagle; 25-05-2020 at 10:02 AM.
    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

  4. #5204
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    Lost all my OCA profits exiting AIR after being late following the BRILLANT MR B, but managed to buy back in for some at 72C.. about a month ago. There is still a chance of spread from Q Hotels into the wider community. I expect to get those profits back inside a few years and who knows MAYBE AIR becomes a trade again in 2022 , a BIG MAYBE. But right now OCA is a buy for transfer to Trust portfolios but imagine if they make all investments no matter the time frame who know what......$$$ transfering assets to trusts will be a non starter. Lets hope they dont go there. I really dont think labour wants you to know that money is a formula on a computer at the reserve bank. With labour ministers saying rates need to stay up we are really living with policies that could go anywhere...Imagine property prices for rest home operators going down and rates going up? oh dear.

  5. #5205
    Speedy Az winner69's Avatar
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    Quote Originally Posted by youngatheart View Post
    Close of day mid 80c by the look of it!
    C'mon mate- show some enthusiasm ....close of 90c by look of it

  6. #5206
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    50/50...well better winning than casino..... or other stocks at the market...black u win...red also u win.... skycity casino does not do that....lol

  7. #5207
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    Suspect buying is being driven by the move into the MSCI small cap index (up from the micro cap index). Expecting buying pressure until the end of the week.

  8. #5208
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    Quote Originally Posted by JohnnyTheHorse View Post
    Suspect buying is being driven by the move into the MSCI small cap index (up from the micro cap index). Expecting buying pressure until the end of the week.
    Thanks. With the free float so dramatically changed from the recent Macquarie sell-down one wonders what other index they might end up getting into ? I am thinking maybe that NZX50 inclusion could be on the cards soon 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

  9. #5209
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    Quote Originally Posted by Beagle View Post
    Thanks. With the free float so dramatically changed from the recent Macquarie sell-down one wonders what other index they might end up getting into ? I am thinking maybe that NZX50 inclusion could be on the cards soon too.
    I thought they managed to get into the NZX50 a year or so ago when I last held OCA...was that only temporary while they were above a buck?

  10. #5210
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    Quote Originally Posted by youngatheart View Post
    Close of day mid 80c by the look of it!
    Well done, 84c already...can I please borrow your crystal ball?!

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