OCA - Oceania Group - retirement villages

[Waltzing]

Is OCA now a bond proxy. Yields on bonds are down as share prices are increasing and inflation is static. Answer No.

[tommy_d]

Is OCA now a bond proxy.

depends on time-horizons

[dreamcatcher]

After dumping some at $1.31 balance remaining cost 70c ..................appears good trading stock as heaps of seller/buyers daily.

Unimpressed but still holding, not interested in buying more presently

[Beagle]

over-valued at $1.10, under-valued at $0.85= clear buy/sell markers. Within that range it's less simple. I bought more in the 90s yesterday.

For me valuation must be contextualized by its peer group, the market overall, overseas markets and is a function of ultra low interest rates.
Covid adjusted I see a forward PE of only 10, the lowest in the sector, about one third of the forward PE of the NZX50. Even the US market S&P 500 with interest rates at 100 year lows is on a forward PE of 26 and that country is riddled with over five million cases. OCA is probably the best value stock on the NZX50 with amongst the best growth profiles but also has strong defensive properties.

[Leftfield]

After dumping some at $1.31 balance remaining cost 70c ..................appears good trading stock as heaps of seller/buyers daily.

Quite amazing trading well done!!.......particularly as OCA hasn't traded at $1.31 lately??.... perhaps you mean $1.03?

[Waltzing]

prehaps is sold back in early january when we sold also for 1.30.. lost the profit later in AIR..... easy come $$$$ easy go!!!!!

[dreamcatcher]

[QUOTE=Left field;836070]Quite amazing trading well done!!.......particularly as OCA hasn't traded at $1.31 lately??.... perhaps you mean $1.03?[Walt/QUOTE]

Waltzingironmansinlgescul is correct sold 27th Dec. personally don't trade just make a one-of-sale, price permitting to reduce original holdings cost balance LTH

[Leftfield]

Waltzingironmansinlgescul is correct sold 27th Dec. personally don't trade just make a one-of-sale, price permitting to reduce original holdings cost balance LTH

Thanks for explaining. You're 'well positioned' with DCA around 70c. Well done.

[Waltzing]

According to the Beagle, a dollar is cheap in 5 years. You may well find that a dollar was so cheap you will be kicking yourself and the Beagle will be unable to eat all the bones in his dog bowl......

[Leftfield]

According to the Beagle, a dollar is cheap in 5 years. You may well find that a dollar was so cheap you will be kicking yourself and the Beagle will be unable to eat all the bones in his dog bowl......

No prob's there, my av holding SP 81c.
It's all about DCA IMHO, I started buying 13 May 2020 around 75c and as the SP moves up over the next 5 yrs I aim to keep averaging up, (keeping a nice safety moat.) OCA only 3% of my portfolio at this stage.