So true, winner. Especially on this thread!Quote:
Punters think (and worry) too much
;)
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So true, winner. Especially on this thread!Quote:
Punters think (and worry) too much
;)
Based on what I foresee I think they can approximately replicate this years 53% increase in underlying earnings growth next year.
That gives just over 13 cps for FY19. At theoretical ex divvy price of $1.074, (cum $1.10) that puts OCA on a forward PE of just 8.25 the cheapest they have ever traded on an earnings multiple basis, including the float price which at 79 cps was on a slightly higher multiple then.
If they maintain a 55% dividend payout ratio that suggests 7.2 cps in divvies next year and on $1.074 gives a gross yield of 6.7%.
What these numbers tell me is the market is pricing in massive level's of uncertainty regarding Macquarie's intentions. Once that matter is resolved this could pop in a similar manner to the way it did after the float.
Long term given the dynamics of this industry and the intrinsic strong tailwinds I think this is a truly outstanding long term investment opportunity at this level. It is trading on just one third of RYM's PE by way of comparative example and about half SUM's forward PE. The price doesn't make sense to me so I've done something more about it x 3 today.
I would like to own some OCA but I don't touch Private Equity and because they still control Oceania the books are suspect.
As Joshuatree mentioned I was cynical early on but you've taken it to a new level calling into question the integrity of the independent directors the CEO and CFO who know these accounts will be audited. That's "next level" cynical in my opinion. I'm curious, If you're going to plumb those depth's of cynicism are you calling their increased build rate target's a load of "creative window dressing" too ?
I can assure you that you're not the only one !!...anyway back to OCA http://www.sharechat.co.nz/article/f...ling-stakehtml
Shareprice up 2% on the day on pretty solid volumes
That’s pretty good
Tomorrow’s another day ....usually takes a day or two for the numbers to sink in so we’ll be ok
Hi Beagle,
I am not casting aspersions at anyone in particular.
There is a fair body of opinion on this thread that the current share price should be higher and the point I am trying to make is that there may be many with similar views to mine that will be happy to wait until private equity no longer controls the company.