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14-06-2018, 08:48 PM
#1331
Originally Posted by value_investor
These things can happen, just in recent memory:
- The group managing director of CBL won the Entrepreneur of the year award 2017 https://www.ey.com/nz/en/about-us/en...ur-of-the-year
- Ralph Norris overseeing huge losses at Fletcher and running away with his tail between his legs at Fletcher
https://www.stuff.co.nz/business/ind...r-ralph-norris
- Steel and Tube's very high profile move downwards (after touting a very experienced and successful team)
https://www.stuff.co.nz/business/104...-turned-corner
I haven't been burned before but just reasoning myself for my decision above of not going all in just yet on this one. I'll keep accumulating as I see more and more positive signs. I think that accountability at the top is very myopic, when the company does well its the management, when the company does poorly its because of ____ factor and not poor management.
Hi VI - ever read The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers by Rosenzweig
great book
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-06-2018, 11:31 PM
#1332
About 45% of my few holdings.
Originally Posted by Lukeskywalker
Enjoying these gains as of recent OCA friends? I would be very interested to know (if people feel comfortable sharing), how many shares do you have in OCA? I have 20,000 and it's my biggest holding.
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15-06-2018, 03:55 PM
#1333
Going to finish the week on a RECORD HIGH ......isn’t it?
Wow ...the rocket did blast off ...must stick to my new TA system
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-06-2018, 04:28 PM
#1334
Originally Posted by winner69
Going to finish the week on a RECORD HIGH ......isn’t it?
Wow ...the rocket did blast off ...must stick to my new TA system
Pretty sure this is headed to $2 in 4-5 years time and quite possibly a LOT sooner.
Last edited by Beagle; 15-06-2018 at 04:32 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
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15-06-2018, 04:37 PM
#1335
Originally Posted by Beagle
Pretty sure this is headed to $2 in 4-5 years time and quite possibly a LOT sooner.
I’m thinking more like 3 years
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15-06-2018, 04:42 PM
#1336
Originally Posted by Ggcc
I’m thinking more like 3 years
Surely middle of next year just before F19 results
That's only just aver a year away
Don't forget everything is going for it .....the very best in directors and management, develpment pipeline etc etc
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-06-2018, 04:47 PM
#1337
Originally Posted by Beagle
Pretty sure this is headed to $2 in 4-5 years time and quite possibly a LOT sooner.
I know its Friday but have you lost the plot or something
That 5 years to $2 is only 13% pa .....and you touting a PE of 16/17
Latter half of next year it will be close to 2 bucks
Last edited by winner69; 19-06-2018 at 08:41 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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15-06-2018, 05:10 PM
#1338
Originally Posted by winner69
I know its Friday but have you lost the plot or something
That 5 years to $2 is only 13% pa .....and you touting a PE of 16/17
Latter half of next year it will be
I am thinking. It is FriYay! SUM would say that there is a lot of attention in this sector atm. And I can consider options where a lot of cash will get diverted to. Good day!
P.s. good work Winner69 with the posting and info.
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15-06-2018, 05:18 PM
#1339
Last edited by Beagle; 15-06-2018 at 05:20 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
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15-06-2018, 09:31 PM
#1340
Originally Posted by value_investor
not going all in just yet on this one. I'll keep accumulating as I see more and more positive signs.
one of the criteria of Benjamin Graham was 10 years of growing dividends. So for him the company had to be at least 10 years old. (Guess he wasnt an IPO sort of guy!)
For clarity, nothing I say is advice....
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