If property prices go back to what they were last year hopefully the OCA share price does the same thing..
Printable View
If property prices go back to what they were last year hopefully the OCA share price does the same thing..
Well, yes - house prices took a quite minor dip (25% up last year, 5 % down so far over last 6 months - end of the world must be nigh ...).
Personally still grappling with the concept to turn this into a market crash story. Just looked at the latest data from the monthly property report (homes.co.nz). Does the trendchart of the median residential house prices really look like sky falling as some people around here (no,not you ...) try to make us believe? Really?
I think there is a good case to be made that SP of retirement villages (including but not limited to OCA) overreacted (no surprise if some holders took some of the hype around here at face value) and should be due for a nice swing back :):
Attachment 13766
Discl: happy holder ...
But do not be surprised if it is lot sooner .
A factor that may be underestimated is new house price inflation.
A builder I know was earning $50 hr two years ago-now 80 and has been offered 100 to work in Auckland
We all know materials,fuel etc big price rises
Then building regulations and specifications additional costs
well i was away most of yesterday and geez looked last night and wow 98c :scared: no way they say.
how can this so undervalued stock be so undervalued lol
maybe the market is smarter than most on here ... well obviously the market is always right
anyway maybe my 91c lower bolly is in play on the weekly ? heaven forbid they say its even more undervalued now better get a bigger truck or should it be dig a bigger hole