That must be good for another 100 posts.. :-)))))
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Screwed that guy good and proper
Jeez we cant lose can we as shareholders ....just the confirmation I need to buy more tomorrow
How well did we do ...watch here
https://www.tvnz.co.nz/shows/fair-go
Actually bringing the contract up to date as the misinformed fair go lady suggested would mean the family would get less than the 159k they got. He would now get the purchase price minus 30% so in this case 179k minus 30% equals 125k, refurbishment costs are now met by the company. You can't bring an old contract up to date because it was a completely different contract being a unit title. That aside someone made a boo boo on the amount of money spent on that refurbishment as that one went well beyond the standard which is strictly policed in terms of costs.
Yes they actually did well.
Under the new contracts they'd get next to nothing.
10-15 years ago (from memory, maybe longer) there was a big noise about this sort of thing with council flats and other similar places.
Lot's of people not happy at the imbalance of benefits.
Last order of the day at $1.14 was removed...... I maybe reading too much into it, but maybe Macquarie might enlighten us as to their holdings tomorrow and what they intend to do with them. I always thought they would let us wait until after the dividend.? We will have to wait and see
I am very pleased with the result and even more pleased with the outlook. I like the uptick in the build rate, as well as the dividend. It also looks like all their current builds are on time. I was just hoping for a DRP to re-invest and give more shares, maybe I'll just have to keep accumulating myself.
Topped up a bit more after the result. I think if you are long term in this share, the share overhang doesn't matter in the short to medium term. The valuation will have to show, and being a retail investor actually helps you out in this situation as you have the ability to go long. Insto's have to report numbers on a short term basis to their clients and can't move as quickly.
Taking into account the long term tailwinds in this sector, I agree that long term investors should do very well out of OCA.
Building on time and on budget in the Auckland market really is quite a remarkable achievement given the state of the building industry especially in Auckland. !
I like the fact that the vast majority of their future developments are already consented whereas SUM other companies seem to be buying themselves more drama's in that respect.
I think the action on the overhang does matter because it shows their opinion on the value and future. Did they own before it was listed? In which case they might have had info shared to them that could otherwise not be disclosed due to listing regulations.