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08-04-2019, 03:40 PM
#7351
Originally Posted by freddagg
Since further growth is likely to be low is there any reason SUM should sell for more than its net assets ? MET is below net assets.
Good question
SUM book value $4.35 ...ouch
But while they continue to build things at a great rate won’t that figure increase .....would take a massive drop in the value of existing units for book value to go backwards....I reckon
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-04-2019, 03:46 PM
#7352
Originally Posted by freddagg
Since further growth is likely to be low is there any reason SUM should sell for more than its net assets ? MET is below net assets.
Good question
Is there any reason why OCA should sell for more than 88 cents?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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08-04-2019, 03:55 PM
#7353
Originally Posted by winner69
Good question
Is there any reason why OCA should sell for more than 88 cents?
no probably over priced as well
one step ahead of the herd
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08-04-2019, 04:03 PM
#7354
Originally Posted by bull....
no probably over priced as well
At least your back to your normal vague downramping self, I was getting worried when you switched to being the power company Evangelist.
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08-04-2019, 04:06 PM
#7355
Originally Posted by couta1
At least your back to your normal vague downramping self, I was getting worried when you switched to being the power company Evangelist.
preach the truth so people gain an understanding of something previously not understood lol
t/a on the hrlys is showing the bollinger expanding with the adx rising strongly( means strong trend) very bearish
Last edited by bull....; 08-04-2019 at 04:10 PM.
one step ahead of the herd
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08-04-2019, 04:20 PM
#7356
Originally Posted by trader_jackson
And what a difference in reactions today - ARV down not even 1% (and still above that rock solid level of $1.30), while sum others falling over 7%... Unlike sum others, the NTA and dividend yield (both of which are relatively low) ain't enough to provide a backstop, still above that physiological important $6 mark, for now
Good to see someone else bringing up NTA, when I mentioned it a few days back nobody cared... Hope SUM keeps building, borrowing and selling... it is doing the first 2 things well, just not so well (anymore) on the third part (that makes all that building and borrowing 'worth it')
Apart from MET (which we all know has a basket of other issues), ARV trades on the smallest share price v NTA premium, maybe thats why it has only gone down a mere 1 something percent despite sum others tumbling double digit percentages?
Last edited by trader_jackson; 08-04-2019 at 04:22 PM.
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08-04-2019, 04:20 PM
#7357
Originally Posted by bull....
preach the truth so people gain an understanding of something previously not understood lol
t/a on the hrlys is showing the bollinger expanding with the adx rising strongly( means strong trend) very bearish
TA looked dire for AIR when it was $2.23 a few weeks ago and lots of people told me the company was stuffed and was only worth $1.50-$1.80. Funny thing is those people have been very, very quiet lately lol
Anyway I hope this goes down to $5 so we can shake out all the weak hands and I can "do a Couta"
Last edited by Beagle; 08-04-2019 at 04:22 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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08-04-2019, 04:42 PM
#7358
Originally Posted by Beagle
TA looked dire for AIR when it was $2.23 a few weeks ago and lots of people told me the company was stuffed and was only worth $1.50-$1.80. Funny thing is those people have been very, very quiet lately lol
Anyway I hope this goes down to $5 so we can shake out all the weak hands and I can "do a Couta"
the bounce back in air was very surprising even with a rising oil price
one step ahead of the herd
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08-04-2019, 04:48 PM
#7359
Two rules i adhere to. 1.Never trust the market over the short term. 2.Never trust Analysts over any term. PS-Learnt from many bad costly experiences.
Last edited by couta1; 08-04-2019 at 04:54 PM.
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08-04-2019, 05:27 PM
#7360
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