Originally Posted by
Leemsip
I strongly disagree with SR on the float. They have spent it all already. I get that its an interest free loan etc, but the $$ is all sunk into the assets. Counting the float on top of the assets doesnt make sense to me and is a straight double count. Its still a liability as OCA owes the oldies the money, just not an interest bearing liability.
My 2c on OCA is, without valuation uplifts across the portfolio (these are slowing significantly and will slow further), and without loads of new builds which are built for a one off profit (this is slowing), the business model is a money looser and uninvestable. Share price to decline steadily going forward.
I acknowledge and bow before SR superior intellect, money making ability and sharemarket nouse etc.... so not an attack.
I will now hand over to Winner to discuss a cap raise.