Just an afterthought, I will put some widow stays on the first floor windows, just in case the SP keeps going down.
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Just an afterthought, I will put some widow stays on the first floor windows, just in case the SP keeps going down.
Don’t forget we are past the ‘point of inflection’
Think X marked the inflection point …or was it Y
Sounds a bit morbid. Permanently propping open the first floor windows of widows missing their dear departed husbands. Letting that cold air rush in. Then hoping those widows will jump out committing hari kari, and so freeing up the room for the next resident? But I guess room turnover would bump up the OCA share price?
SNOOPY
While I'm not enjoying seeing the capital value of my overly large holding reducing daily to well under what the company could wind-up and sell it's assets for, I look to more encouraging thoughts because I have a genuine longer term horizon with this one, possibly past my own time.
Whatever the market decides about the day to day price of the shares:
- the business is sound, it will continue to be successful, grow and profitable.
- the market for it's services just keeps growing and will do for decades.
- the future footprint of revenue generating accomodation is embedded, years in advance.
- earnings will continue to be paid out to shareholders, or just get more cheap discounted shares with the DRP.
- I have no need or desire to return my capital, incurring trading fees and tax, also for some capital loses.
A sell means; share sale price achieved (perhaps a capital loss for some), minus loss of future earnings, minus trade fees which can be substantial for a larger holding, minus tax if in profit. That's a lot of minuses.
Long term investing is a mindset. I consider it a personal achievement to have been able, at least in my own mind, to distinguish between how I manage my longs, versus my momentums, or my punts. Other members here have been influential in all of these areas, it's a privilege to have had so many wise lessons shared.
They're all different investing methods, and only a few of the myriad of others. It helps me to have written down a playbook for each that I can refer to when circumstances happen in each investing situation. My OCA playbook is:
- don't look at the share price every day, it's not important
- except, last time this happened (only a couple of years ago) I got a second truckload for peanuts :O
- tell the broker to say 'shut the **** up' if I panic and call to sell
- ignore almost everything on Sharetrader, except a few bias confirming posts ;)
- find something else to worry about, this isn't worthy of worry.
- check what other RV's are selling at a ridiculous discount, get some.
Have a nice night.
“ugly mange infested mutt”
lol.. too good.
The SP has become comical. I would sell but can’t see any value elsewhere. OCA looking cheap as chips. Should buy more.. but we are all waiting for $1. Maybe it won’t come. Too much money on the side lines waiting for it ?
1 .0 ? SP a BUY?
depends really. If the last 5 years of P&L hasnt returned anything much then unless you have a huge model that is Quant grade its become a high risk stock until proven otherwise.
NTA doesnt mean much at the moment but if the 10's moderate .
wont bet against the Beagle though.
Nothing worse than seeing the cash you gave a company when they held the begging tin out lose so much value so quickly.
Most paid $1.30 didn't they ...whoops
And the last few DRPs haven't been 'profitable' I'd hazard a guess.
Oceania and Arvida 'cheapest' stocks of the sector - maybe it is this ongoing raising of capital for diminishing returns is the reason for this 'cheapness'
Disc never given cash directly to either company..... existing shareholders have got my cash over the years and others have given me cash for shares ....by the popular calculation method used by many well ahead
https://www.nzherald.co.nz/business/...TPCSOG6FJ6SRM/
Better not annualise the 6.3% drop in Auckland house prices last month...we don't need any help feeling glum at the moment.
Suppose the near halving of sales volume might get reversed and normalise again when the Govt's investigation into the application of new consumer credit finance laws helps the banks understand them better....or maybe the "rocket scientists" in power have no idea what they're doing ?
Market merely front running a collapse in house prices this year ? You folks be the judge.
Just as well nationwide medium prices only dropped 2.2% last month...we can annualise that without any blood pressure issues, that's only dropping at a rate of 26% per annum which isn't too bad and would only wipe out last year's real estate gains so no worries, nothing to see here, or maybe this is the start of a multi year pullback in real estate as dramatically higher and increasing further still, interest rates cripple recent home buyers ? Interesting times.
Thing is, most people need to sell their house to get into a retirement unit and if sales have halved, that could be a nasty big "fly in the ointment".
I do all of those bad things. Snoopy, the allusion to first floor windows was relating to people jumping out of high rise buildings in the crash if 1929.
I thought about reducing my exposure to OCA a little while ago, as I was getting increasingly uncomfortable with my accumulations. But where do you put the money. I decided that OCA covers all my bases of investment, such as security, long term growth and success and somewhat inflation proofing. Just wish I could pick where the bottom will be. It must be getting there soon.