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04-03-2020, 03:30 PM
#4571
Member
A friend has just returned from a cruise. Her mother is in SUM other rest home.
She is not allowed to visit her mother for 2 weeks.
Her mother is going on a cruise. She will have to self-isolate in her room for 2 weeks when she returns.
Sounds pretty draconian, but I guess they're putting the procedures in place.
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04-03-2020, 03:30 PM
#4572
Well...let see...in couple weeks....there is a cheeky buyer at 85c now.....
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04-03-2020, 09:10 PM
#4573
Retirement homes are experiencing a hiccup in their building program. I am hearing that at least the electrical components of new builds are running out of supplies because of the China issue and work on a local retirement village has stopped.
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05-03-2020, 08:23 AM
#4574
Originally Posted by Timesurfer
Retirement homes are experiencing a hiccup in their building program. I am hearing that at least the electrical components of new builds are running out of supplies because of the China issue and work on a local retirement village has stopped.
Might be just a bonus ... given that everybody is telling us that the sales side is (in general) a bit soft anyway?
Better not building more and selling instead the ones they already got. Lower supply is the recipe to higher margins ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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09-03-2020, 11:46 AM
#4575
Have a good long look at the chart image of OCA provided below. For nearly a whole year in 2019 the shares were trading in a tight range around $1.05. Very shortly before Macquarie unloaded they suddenly shot right up to $1.39 and Macquarie unloaded their stake shortly afterwards at the "very special price" of $1.20 and now they have reverted to where they were.
In a quiet moment, (if there is such a thing in this market) one could ponder the possibility of whether some party friendly to Macquarie stepped in to bid this up and help them offload at a very advantageous price ? Surely not ? OCACHART.jpg
Last edited by Beagle; 09-03-2020 at 11:52 AM.
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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09-03-2020, 12:04 PM
#4576
Originally Posted by Beagle
...
In a quiet moment, (if there is such a thing in this market) one could ponder the possibility of whether some party friendly to Macquarie stepped in to bid this up and help them offload at a very advantageous price ? Surely not ?
Impossible.
Macquarie does not have friends ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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09-03-2020, 12:49 PM
#4577
Originally Posted by Beagle
Have a good long look at the chart image of OCA provided below. For nearly a whole year in 2019 the shares were trading in a tight range around $1.05. Very shortly before Macquarie unloaded they suddenly shot right up to $1.39 and Macquarie unloaded their stake shortly afterwards at the "very special price" of $1.20 and now they have reverted to where they were.
In a quiet moment, (if there is such a thing in this market) one could ponder the possibility of whether some party friendly to Macquarie stepped in to bid this up and help them offload at a very advantageous price ? Surely not ? OCACHART.jpg
Remember how Summerset looked so good for ages but because Barlow did a sneaky weasel and sold out before announcement we ended up having years of suppressed SUM share price?
OCA had to battle the over hanging risk of a market dump not favouring it.
All sorts of possibilities
... as well as a thirst for the retirement sector.
For the current fear on the streets... my guess is a good drop below $1 due to a sell sell sell trigger happening beyond normal recent market reactions.
What is people's (businesses) risk parameter. At what point will you go... ahhh, yes, 20% is ok... 25% is less ok... 35% below purchase price is... etc
MAC sure did time their sale well and with OCAs nice divi to support a long term holders good returns...
Or pwrhaps they thought of the risk... heard a rumor about Corona and thought let's call it a day and get out and pass on the risk.
I could keep brainstorming for hours on this.
Enjoy your posts Beagle. One of my favourite dogs, my aunty had a beauty of a Beagle growing up.
Don't let it near the corn fields. Or it would be gone for a few days, slip the lead, chasing rabbits
Heading into hidding for a week may result in a whole lot of good. Fishing and all those relaxing hobbies can be a good way to reduce stress and recover from anything a bit quicker than those following the negative bounce about.
There's always eb and flow 🌓
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09-03-2020, 12:55 PM
#4578
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10-03-2020, 05:33 PM
#4579
Wasn’t long ago share price hit $1.39 and today less than a buck.
Those who got the deal of the century a month ago with the 250 million Macquarie discards must be a bit gutted now
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-03-2020, 05:48 PM
#4580
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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