Low compared to what ;)
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superfluous to requirement
superfluous to requirement
If you have followed this thread (well before your join date of Jan 2024) you will see both Beagle and W69 comments get darker and darker on OCA as each half year and full year update came in..
I guess the business never performed as they had hoped and they have posted about it on this thread. Bulls turned to bears. (in for a trade no doubt).
Even long-term investors (not traders) like Mav, you can see the tone in his posts changing to one of maybe frustration(?) as each reporting period comes and goes. And Mav hasnt commented here since the last update, when normally he always does....... thats saying something. Or maybe just doing it in private with his trusted circle. Away from the squawking seagulls lol
I see some an insider buying over at RYM. Suitor negotiations must be really heating up at OCA to not see anything similar.
That is absolutely legendary work ValueNZ. By reading posts from 2021 you are learning more than you could by reading many books on investment psychology.
Just beggers belief. I knew Snow Lepper was full of it but by god have you exposed them.
This evening I will share what I was saying about OCA in 2021.
Hey Sailor, this post was when you first introduced the float to the thread (good work). Back in Nov 2022. Think after 18 months we all agree how to value it. i.e. like its acceptable to most (not all) to exclude it from the NTA calc.
Market however still dont get it (clearly) as the SP is down 32% from the SP at time of post (80 cents) to today's 54 cents.
One reason for the drop could be something you also discussed back then. The fact that all the profits are stuck on the balance sheet. 18months later still stuck it seems. I.e. need sales sales sales to unlock the income from the balance sheet and transfer it to the PnL. People just not as patient as you maybe
(nb. in between all your attacks on other STr members you do end up posting some quality for those less learned.)
Updated this chart
They say one day they will be cashflow +ve ….line will start going up then. All funded by new capital and debt
OK …yes assets have grown over this period but ……
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