My favorite Sky TV must have some float too I guess.
They offer annual subs for Sky Sport NOW... so all that cash up front is some awesome float eh.
Christ, now that I think about it - I can see float everywhere I look!!
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Agree with you, MT.
I have stated before and will do so again - huge assumption made by posters here that the 'float' has been profitably invested when the evidence is that it has not been in the last 2 years.
OCA along with Ryman had bought ever more expensive land and developed ever more costly RV units at a time when property values have plummeted - something that the institutional market has priced in but not so many retail investors.
Also, they have been using ever more debt to develop the new units and pay dividends as they are not generating enough cashflow to pay operating costs.
The expansion I refer to is the number of units being built. This is funded by a mixture of debt, sales, resales & net DMF proceeds.
If OCA stopped building and just collected the profit from sales, resales & net DMF proceeds, they would start building the float that SailorBoy referred to and he then lept to the conclusion that they would invest this ever building float as insurance companies do.
But that's a big leap as I think it's more likely OCA would pay dividends.
Either way it would be a substantial amount of free cash over time.
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Mohammed was certainly a man of interesting proclivities.
Warriors 24 Sea Eagles 24 …a DRAW. Coach not entirely happy. Fans happy as a draw is almost as good as a win but they would have preferred to see the team play to full potential and have another win but next week all will see the real us v the Dragons. Sill on track for this to be our year
Oceania share price held up around 64/65 last week (actually down) so a Ho-hum week (like a draw). Fans say at least it didn’t drop too much and things still looking good and sales, sales and even more sales must be happening. Still on track to be our year and share price to go over $1
UP THE WAHS …..C’MON OCEANIA …this is our year