How much more pain would you be in if Oceania was given to your family for free? The entire company?
I think you'd be in ecstasy.
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Agree, value is everywhere.
This is a massive opportunity (in general) that most will miss, and I fear you'll be in that camp with 50% + cash. It will be pure luck if you can deploy that into better opportunities than exist now but you may be able to.
I'd argue this isn't the time to be 50% invested but 300% or much more if you have access to the correct type of capital.
Hopefully there are no diversity and balance pumpers on sharetrader.
The pain for most people comes from falling asset prices, not the purchasing of assets at low prices. Unfortunately it is human nature to place much weighting on the current $ value of their portfolio, even if it makes no difference to the investor what the current market price is unless they decide to sell their holdings.
I agree with your premise that people should be happy when shares fall (as a result of a change in market sentiment rather than the fundaments of the business) since it allows them to purchase more shares for the same amount of money; Just as people are happier when the price of everyday goods fall.
True re human nature - although - Depends a bit on why those hypothetical share prices are falling and whether the fall can be reversed in good time.
Not specifically referring to OCA. For all I know it could be well up 12 months from now if economic circumstances show signs of flattening off and hope returns.
The property market is in dire straits out there with prices in some areas in free fall as developers bail out to try and stave off financial difficulties & receivership.
Have had multiple inquiries from developers needing refinancing desperately after their existing as well as their planned developments fail to sell.
One development in West Auckland has seen prices dropped from. $950k to $750k - still no presale takers.
Don’t read and take too much notice of what the banks and real estate sources are saying - they are doing the exact opposite of what they are saying.
The screws are started to really tighten and short of an immigration influx, things are extremely grim out there.
Imo, all the RV listed companies are but real estate developers - they are going to need to do CR like Ryman given the state of the property market.
That’s the time to consider increasing exposure if you are already a shareholder imo.
The banks are in defensive lending mode currently and as we have seen with Ryman, it is one thing to have standby bank facilities but another thing to draw down on them when you really need to!!!