Back to 98 cents
On light volume so doesn’t mean anything
no worries
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Back to 98 cents
On light volume so doesn’t mean anything
no worries
Wow Lets have a look at the Macquarie Group shareholding in OCA. It is some 330 million shares? Lets place a value on them of 330 m x 98 cents= $323 Million . The public holds 200 Mill shares at 98cents= $196 Million . Total shareholding is worth $519 million.
HEY as I see it OCA's assets have passed $1 billion plus goodwill, 47 freehold properties, well over 1000 care units coming on stream and Liz leading (must be worth another Bill) and that experienced Southern success story giving advice/ guidance and 3500 skilled staff in place (try and duplicate that ) on course to pay a final dividend of 4----4.6%?
I am convinced Macquarie Group could get $2.50 A a share this afternoon and the buyer would still have more assets than liabilities in a top class, highly regarded, well led, skilled business with mighty cash flow and real bricks and mortar (NZ real estate in a sector growing hugely although not without competition I agree)
Cant wait for them to sell but hey this is a dividend driven, highly profitable company in its first year (Amazing). Macquarie Group would be mad to sell. (They are worth $482 bill A).
I'm buying still.
T_j, you never have really explained by you think they are ‘cheap’
Why are they ‘cheap’
I think when the sp does rise, it will happen quickly. By the end of 2021 I will see $2.50-$3.00 per share. Great return I think!!!!
I do think similar thoughts Ggcc. There are similarities in this share to shares I purchased 10+ years ago. Often I sold out too early.
DYOR and enjoy the fun & challanges of putting your cash into operations you don't control yourself ...
You don't want to be left wishing the governement will look after your pension and retirement plans. Investing in various ways is one way to boost your wealth for the short and up to long term.
OCA IMO can do a lot of good for a kiwi company, operating in New Zealand. I value that and it is another reason I happily invested in OCA, keeping NZ money, in NZ