One of them is me Balance
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One of them is me Balance
Knowing nothing about the fundamentals, the price action screams bad news ahead/cap raise. Conversely, the SP is often pumped prior to a raise so I dunno...
Long term it seems a reasonable investment. I guess it's all about other opportunities/getting more shares for less money at the moment.
Yeah..me too bidding at 68cents...
FWIW, at 7.3% and 7.46% the yields on OCA's retail bonds due 2027 and 2028 are priced about the same as ARV's and 0.8-1.0% (very very roughly) higher than Ryman's and Somerset's bonds. Maturity dates are a bit different in some cases but it gives an indication of how credit markets view the four companies. Also looking at some of the other bonds listed on NZX with similar yields (including NZX), this suggests that credit markets are pricing, at most, a very, very low risk of OCA insolvency.
As a side note, OCA management gets a pat on the back for locking in $125 million at 2.3% pa until October 2027 and $100 million at 3.3% pa until September 2028 (assuming no reset features - I haven't checked this). Not sure what they are paying on their other facilities.
Got 4000 shares..will double down if SP down to 20c.... 😂
Oh man..why u got so much time digging all my posts...u ruin the fun