Dude for the love of god I have been spelling this, in red above, out to you for Months if not years!
Which is proof to me that you're just using OCA to try and attack...
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Ok that's great, but to help me understand, can you comment on the fact that I have been hammering home in great detail and great frequency about the ORA hitting the bank account up front , and now you act as if this is the first you've heard of it?
That's what I don't get... It's the only reason I have any interest in OCA at all and why I despise the other listed property like Argrossy
No you are right about that and I did hear you mate. I understood about the ORA hitting it up front.
It’s just that I then muddied the waters trying to analyse the CF statement without remembering to take a portion of that ORA out.
Ferg was very patient with me and stepped through it all until the bit I was missing clicked into place. It is hard to explain some of the details over ST. Easier on the spreadsheet together.
If I was not genuinely interested Rob, I would not have just spent all this time with Ferg trying to clarify it all (I am not just trying to ‘attack’ anyone).
But I think this explains why you reacted so angrily to me? You thought I was just being wilfully ignorant and taking the p1ss?
@Ferg, well done for helping Mistatea understand the accounts. I agree that a discussion group is a poor forum for getting into the detail but I commend you on having consistently year after year shone light on the important insights and helped clarify the tricky stuff that is not clear to anyone other than professional analysts or learned investors. It is much appreciated and always helps with our own reconciliations with the accounts and conclusions as to the health of the company.
No one has ever said OCA accounts are easy to understand! What I would like to see is the listed RV's get together and the CFO's agree a common consistent accounting and reporting approach that can be documented in sufficient detail as to be transparent and understandable by mere mortals. But also summarised consistently in the same format by each of them respectively into something investors, analysts and insto's can easily consume, understand and compare.
I think that would do a good service for all of them. One shouldn't need to be a guru financial analyst to understand the financial health of the companies they invest in.
What you are suggesting Baa_Baa would make it a hell of a lot harder for us to make a living. I hope it doesn't happen.
The more confusing the better and the more irrational the market is the better.
If everyone can easily consume understand and compare then we are Whangareid up the Puhoi well and truly.
That was some return buddy …….buying at the bottom and selling at the top a true traders dream.
If you ran your special Grahamite NET.NET screen today would STU come out as one of the most undervalued stock in the whole world like it was back in 2020 …and we could have another trade and make heaps
I think we already know which stock he loves second at the moment. And to be honest I have found it reassuring reading the debate, if he had quit and shut up maybe even Ferg would have said nothing. I am happier to hold longer. I could never do that much analysis myself.