Originally Posted by
Jenny Ruth
Thanks, winner69. You got here before me. I was just going to provide a link.
But re an Oceania capital raising, unless Oceania can't sell down any of that excess inventory, I don't think that's likely. It's certainly not in the immediate future. Unlike Ryman and Arvida, Oceania has met all its covenants. The Helier development should start to deliver cash - the company said it has sold 12 of the 79 apartments - these a $1m plus apartments. An analyst asked whether they'd start discounting and got a firm no. In my view, as soon as you start discounting, you devalue your brand.