[QUOTE=Bjauck;1004613]Hindsight. It is difficult to be the Pilchard that breaks out from the shoal. We see the ones that don’t end up in the belly of a barracuda…[/QUOTE
Did it really take hindsight to see the opportunity at 67, or indeed now?
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[QUOTE=Bjauck;1004613]Hindsight. It is difficult to be the Pilchard that breaks out from the shoal. We see the ones that don’t end up in the belly of a barracuda…[/QUOTE
Did it really take hindsight to see the opportunity at 67, or indeed now?
Might have to wait for value to go over a dollar. Unless they bring back the dividend to at least 60% or more, of profits.
It's a longer term hold for now. At least there will be less worry about the SP bottoming out. There are a lot of worse places to park your money during this economic turmoil. Inflation, in any property holding company, is your friend.
The properties up for sale, just can't be built for anywhere near what they used to be. I would guess they are going to go for decent prices, not fire sale prices. Just because they are up for sale doesn't mean they are dead ducks.
Well said, and actually in line with what we learned in todays presentation from the CFO. While she couldn't talk about the agreed price (hey, its commercially sensitive and still pending), she indicated that she didn't saw any discounting coming through for investment properties like these.
Come home Balance, all is forgiven.
In todays environment not a good headline in the NBR
Oceania Healthcare’s net debt up as sales slow
The company has put emphasis on cash flow reporting but it’s not transparent enough for one analyst.
https://www.nbr.co.nz/investment/oce...as-sales-slow/
Prob paywalled but gist is about continuing cash burn and the company not being that transparent how it’s going to get better