I think OCA will really have to blow it out of the water for the SP not to retreat a bit tomorrow, it's just ran so hard recently. I'm expecting a sell the fact event but not selling any as I'm not a trader.
I think even it is a sell tomorrow you wont have to wait long to see it well past todays price. I have been looking at what else there is available that does not look fully priced and its slim picking.
I think OCA will really have to blow it out of the water for the SP not to retreat a bit tomorrow, it's just ran so hard recently. I'm expecting a sell the fact event but not selling any as I'm not a trader.
i'm nervously excited about this one. Biggest chunk of my portfolio, and a buy order sitting in the queue just in case the price slumps for some reason
second biggest chunk is TRA. Then Scales
A few of OCAs results have ended in pullbacks even when the result seems good I expect more of the same tomorrow but nothing like last year's one before covid hit. Mac announced he'd sold out at 1.15 and caused the share price to pull right back from the 1.34 it hit. If it hits 25mill I'd say a 15 cent pull back. 30 mill may actually see again. And 27-28 mill will see it shed about 5-7 cents.
That my prediction.
Long term though its still a great share
Provided the long-term outlook, and thus my determination of fair value, does not take a knock, I will be contented.
By the time I have had my breakfast and started my analysis with the first cup of coffee of the day, I dare say you lot will have discussed the result in detail.
After I left Fonterra last winter I moved 80 percent of my shareholding to OCA and its recovered most of my losses. Whatever happens today I think its the FY that will be the game changer. Thanks to everyone here who has offered their perspective and opinion, its been very helpful. Happy long term holder.
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