I'm pretty sure I said OCA is worth at a minimum $2.50 at some point. Don't remember ever mentioning $3.60, but quote the post if you can find it.
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Warriors have the bye this week so no game for them. Fans reflect on where they are on the table …12th but only a win or two from the top 8. So finals football on the card and fans still saying ‘this is our year’ UP THE WAHS
Oceania share price down 3 cents (5%) last week. Not a good week after the excitement of the results announcement. But the fans are still happy and if anything they are becoming even more convinced that this is our year with share price doubling. The cheer leaders are bringing the mob with them with ‘deep value’ talk. GO OCEANIA
A casual observer would be saying this is not our year for either of them and saying maybe that’s 5 years or more away.
We still haven't seen our genius Maverick turn up since OCA results were out.
Maverick, we need your expertise decode on OCA results, and your insights on OCA's future.
So the way I read this is that he is saying they are sitting on 2.8 mil assets plus 900 mil of that is float and take out the debt.
But I agree it could be seen the other way.
But from studying Baa_Baa's posts over the years, he understands it like I do and will not have meant to add the 900 to the 2.8 bil
Yeah my bad, poorly worded. The $1b of refundable ORA sits in liabilities on the balance sheet, so technically it's an offset against assets. But in practice the refundable ORA's are never actually refunded in TOTO and in fact grow, as a non-callable, interest free, bucket of money that can be leveraged by the company.