Rome wasn't built in a day, but burned in one ……..so take care out there
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It was cant have to many. I did have to many a couple of years ago. Probably the only sensible thing I did around covid. It has always felt very much tied to the residential property market for me.
I looked at a residential retirement development near home Saturday. All new builds. 5% per year up to 25% retention in the 5th year which seemed fair if you were unlucky enough to be short term. I was quite surprised at the asking prices. More or less as much as a new house in the same area on a reasonable section.
This could hurt.
https://www.nzherald.co.nz/brand-ins...box=1700440921
Maybe tomorrow is going to a case of Believe in Better
Guy from Jarden says Arvida and Oceanía's dividends as unsustainable, even though both companies “cut their full-year 2023 dividends meaningfully from full-year 2022 levels.”
Be interesting what OCA say tomorrow about dividends ……suspend them maybe, surely not.
I'm not even sure that they should have been paying dividends to begin with anyway. If a dollar of retained earnings in OCA creates more than a dollar of shareholder value in present value terms, I'd suggest dividends shouldn't be paid out.
Considering OCA's rapid growth as a company I'm pretty sure that would be the case, but it would be interesting to hear what others think anyway.
As a holder, 100% OCA should suspend dividends. Possibly should have for the last year or two and likely for another year or two. Use it to pay down debt or expansion as appropriate. Much more effective and better for long term prospects of the company.
dont think they cut div entirely but another decline in div payout a possibility.
i agree with others though should cut the div entirely