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05-09-2018, 12:50 PM
#1791
Originally Posted by Joshuatree
I believe terrific MAQ know how to extract maximum value for themselves and their timing is key to doing just that.Clever also to dump near the very top in tranches . Too rich for me at this stage of the cycle and ive got my eyes on something hugely discounted, over the ditch in the same sector instead..
At $1.14 I have them on a forward PE of just 11 which I see as remarkable value for this high growth sector. Yes Kashin will probably live up to its name again at some future date for another tranche but for the near future this placement removes the overhang and I am expecting a rerating accordingly.
Last edited by Beagle; 05-09-2018 at 12:52 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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05-09-2018, 01:14 PM
#1792
But wait there's more...!!!
OCA have been trading at a discount because of the over hang.
Now the discounted over hung shares are being off loaded at a discount.
Two discounts are better than one.....lol.
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05-09-2018, 01:34 PM
#1793
Originally Posted by percy
But wait there's more...!!!
OCA have been trading at a discount because of the over hang.
Now the discounted over hung shares are being off loaded at a discount.
Two discounts are better than one.....lol.
Will they continue to trade at what is seen to be a ‘discount’ because there’s still an overhang
If
”When investors are euphoric, they are incapable of recognising euphoria itself “
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05-09-2018, 01:38 PM
#1794
... less of an overhang tho
I have a bid in but a stingy one, as I already have some exposure. so not overdoing it, but always keen for a bargain with quality.
For clarity, nothing I say is advice....
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05-09-2018, 01:39 PM
#1795
Last edited by Beagle; 05-09-2018 at 01:40 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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05-09-2018, 01:57 PM
#1796
Originally Posted by peat
... less of an overhang tho
I have a bid in but a stingy one, as I already have some exposure. so not overdoing it, but always keen for a bargain with quality.
Not knowing what I am doing my broker is putting in multiple bids for me.
I will get more at the lower bids, and fewer at the highest bid.?
Yet we all pay the same set price./
Offcourse I said "Yeah right go for it."...…??...lol.
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05-09-2018, 01:58 PM
#1797
Originally Posted by Beagle
You're in top form today !
Agree 100% Maverick, onward and upward from here and everyone is a winner including the residents. Talk about a feel good investment !
Yes agree..
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05-09-2018, 02:01 PM
#1798
I wish you well guys but with all the euphoria generated i just hope you havn't been played like a fiddle by MAQ .
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05-09-2018, 02:06 PM
#1799
Originally Posted by percy
Not knowing what I am doing my broker is putting in multiple bids for me.
I will get more at the lower bids, and fewer at the highest bid.?
Yet we all pay the same set price./
Offcourse I said "Yeah right go for it."...…??...lol.
The Funds will bid higher to get volume done percy, I think thats the logic.
Everything below the book-build price misses out. Retail tend to try for a cheap deal, whereas wholesale know this is a great opportunity to pick up a decent parcel at one price, with no mucking about waiting for liquidity, and will bid it higher.
With still 40% to go, they may not be too aggressive for the first tranche. lets see how it pans out.
Nearest the pin? I'll say 1.11
And I'll also say, IMO, it's been the Funds churning this around ad nauseam, ensuring it didn't run away before this block sale took place. It clearly has not been McCashin selling it on-market
Last edited by Xerof; 05-09-2018 at 02:09 PM.
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05-09-2018, 02:06 PM
#1800
Originally Posted by Joshuatree
I wish you well guys but with all the euphoria generated i just hope you havn't been played like a fiddle by MAQ .
As always a case of doing your own research.
I trust my own, and back myself buying putting my hand up for more OCA.
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