OCA will have no real trouble meeting their NPAT forecast for FY18...
However once that report drops, it becomes another ticker in a rather low valuation sector of the market.
OCA has a very FY18 centric pipeline, there is little info on the timeline for FY19 construction and sales commencement.
It will not be given a premium to the market... 13-16 times forward earnings seems to be most likely.
Sept 2017
Sept 2018
RYM - $9.50
$13.48
SUM - $5.19
$7.70
ARV - $1.24
$1.34
OCA - $1.03
$1.18
MET - $6.00
$6.26
Just for comparison purposes I've changed a column and put in today's prices.
Originally Posted by hardt
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