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  1. #6551
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    Quote Originally Posted by Beagle View Post
    ... and most importantly NOT subject to the Reserve bank open banking resolution...
    Yeah, that.

    Grinds my gears.

  2. #6552
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    Are we going to see a break through the 1.05 today?

  3. #6553
    Speedy Az winner69's Avatar
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    Quote Originally Posted by thegreatestben View Post
    Are we going to see a break through the 1.05 today?
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #6554
    ShareTrader Legend Beagle's Avatar
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    MET raised $100m in a debt issue at 3% in September 2019 and history shows their share price took off shortly afterwards. I know debt and equity are inextricably related but I found it curious that shortly after MET raised those funds the shares took off. Those bonds are currently trading on the NZDX secondary market at just 2.05%.

    With OCA certain (in my opinion), to raise the full $125m at just on 2.0% one wonders if the shares will behave in a manner similar to MET and also take off soon ?

    Why would they, how does one explain this ? I do not have any answers but only one theory.
    In the process of doing a bond issue the company, its prospectus, (now known as a product disclosure statement) and its future prospects gets put in front of many powerful and influential investors and many of them ask why bother with a 2% bond return when I can get north of 5% dividend yield plus outstanding growth prospects ?

    I think this theory of mine has genuine merit so I have believed my own creative B.S. and bought even more this morning
    Last edited by Beagle; 25-09-2020 at 11:30 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

  5. #6555
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    Quote Originally Posted by winner69 View Post
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    What meeting are you referring to winner?

  6. #6556
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    Quote Originally Posted by forest View Post
    What meeting are you referring to winner?
    Annual meeting was yesterday 2pm.

  7. #6557
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    Quote Originally Posted by Beagle View Post
    Some of OCA's facilities are basic level care that the Government funds. Its perfectly fair and reasonable that if OCA incurs substantial extra costs as a result of Covid that the Govt should step up to the plate.

    Bond issue appears imminent. https://www.nzx.com/companies/OCA
    Good timing with interest rates at record lows. BNZ offered me 1.15% as their top term deposit rate just the other day...all banks will probably all be less than 1% in a few months
    The strange thing is though Beagle that household deposits with banks have not been reducing and I am starting to think a lot of those deposit holders are far too conservative and scared to invest them anywhere else except maybe Government Bonds https://www.rbnz.govt.nz/statistics/...sits-by-sector

  8. #6558
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    Quote Originally Posted by winner69 View Post
    no .... should be through 110 after that meeting

    Sum others in the sector up so far today
    We're meeting half way at the moment, just scratching 1.07

  9. #6559
    Speedy Az winner69's Avatar
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    Quote Originally Posted by thegreatestben View Post
    We're meeting half way at the moment, just scratching 1.07
    Maybe the drunk monkey's have sobered up

    If so 115 here we come
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #6560
    ShareTrader Legend bull....'s Avatar
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    yea im a holder again major resistance breached so lets see how it goes , 1.10 next resistance then 1.20 not much in between based on price action
    one step ahead of the herd

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