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  1. #1331
    Speedy Az winner69's Avatar
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    Quote Originally Posted by value_investor View Post
    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #1332
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    About 45% of my few holdings.

    Quote Originally Posted by Lukeskywalker View Post
    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.

  3. #1333
    Speedy Az winner69's Avatar
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    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #1334
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    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 03:32 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

  5. #1335
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    Quote Originally Posted by Beagle View Post
    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

  6. #1336
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Ggcc View Post
    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #1337
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    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 07:41 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #1338
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    Quote Originally Posted by winner69 View Post
    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.

  9. #1339
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    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
    Heading is one of my favorite sayings to clients. See post #1327 which pretty thoroughly articulates my thoughts mate. Just trying to take a more conservative long term approach. I did put the word a LOT sooner in capitals for a good reason It takes time for any company to earn the market's trust.

    I managed to sneak a few more into the kennel at close at $1.09, happy with that
    Last edited by Beagle; 15-06-2018 at 04:20 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

  10. #1340
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    Quote Originally Posted by value_investor View Post
    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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