No, his decsion to buy, sell or hold is not contingent on w69 being in full agreement with managent or sharing the bullish views of others on this forum.
He can own shares (or not) and be as critical as he likes.
Because management can control the price set by the market?
Whiner is complaining about the share price falling and blaming management.
From a NZ Herald article on Brent’s appointment as CEO n 2021 “Pattison says it has the sector's lowest gearing at around 27 per cent following a $100m capital raising” blah blah and the article noted Oceania is trading around $1.46.
a few years on gearing about 40% and share price 63 cents
good job Brent
Value - he has formed the view that a big part of the reason for the flagging SP over the last 3 years is because of decisions Management have made.
The sentiment towards OCA is such that when news of a competitor downgrading earnings guidance hits there is a further drop in quoted value for OCA as the worst is assumed. OCA now down ~23% in the last year, and ~7% in the last week.
You see this as a wonderful buying opportunity, in line with your long term buy and hold strategy. All to the good.
If w69 is not quite so bullish on the prospects of the business and has concerns about Management, well that is fine too.
And you don't care what he or anyone else thinks presumably, because your independent analysis has OCA as a screaming BUY right now.
Brent or Kathryn…If you ever read this website would you please consider an update for us long suffering shareholders. Why don't throw us a bone amongst all this… give us an update on sales , margins or whatever ….your consideration would be incredibly welcome. It's been too tough for too long no
Well, I copied and pasted it into an email to them ……along with some other thoughts
Not expecting a response but at least passed on what some shareholders are asking for
Included the link to this thread as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
was just reading the anz outlook , i see they predicting 2 more rate hikes and saying this and the fact listings are increasing and days to sell have risen quite a lot point to a potential risk in any house price growth.
anyway i reckon directors should offer free shares to people to buy there units
I still remember Couta had a formula. He even had a wager regarding the share price vs the others. I believe he would have lost that wager.
I do feel though that OCA is a bargain, but I don't have any funds to buy some, nor do I want to sell other shares which are dropping as well to buy these. I do have TRA which is my paper value saving grace right now. It's just going to be a wait and reward strategy for all share holders now. Some will grow slower or faster than others.
Originally Posted by mistaTea
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