i watched his video , he gives a nice summary of results.
i agree with his comments around capital structure.
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Thnx for the link Rawz. Joshua has 11000 subscribers yet only 700 views for this one vid, presumably more will watch
Didn't take long eh.
Reimagine / reimagination seem to be the latest buzzword in the Oceania vocabulary ... keeps popping up in presentations and reports
Even in their PURPOSE these days
Wonder what it means
For shareholders maybe its imagining great performance and a $2 share price in 2 years
Maybe if all things remained equal. More recent history has introduced a publicised inflation rate of close to 7%. More likely closer to 10 or 12%. Also cost of construction index is much more than CPI, could be closer to 15 to 18%. Interest rates have increased more recently, and look to increase further. OCA has 100 mill raised last year at 3.3% available at that rate for another 4 years at least. These factors while a moderate effect on the company, nevertheless add to the mix. So it's not all bad. Understandably, when a SP sinks (and we don't know the exact reason for this) investor depression takes over creating a pessimism over the company as a whole.
Yeah when I got into these at float my expectation was they would be hitting $3.00 by now. Not so. Things can quickly change though and it does seem they are now positioned for growth. World scene however seems to be in a dark place right now with all that is going on. Negative sentiment is outstripping the positive for now. Still buying the dips however.
Reserve Bank predicting house price fall of 14% as market turns rapidly - Landlords.co.nz
Higher interest rates eating property prices combined with increasing building materials and labour not a good look
Disc: hold add @ 80c