Dane Coles is a top bloke I believe.
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Both of the recent OCA polls on sentiment from forum posters (good idea by the way given how chaotic this thread is) were very positive overall, which is curious as I don't really get a very positive impression from this thread overall. We have a couple of exuberant posters counterbalanced by some significant detractors it seems, but not many middle of the road types. Quietly confident perhaps? Stage shy? Don't want to get personally attacked for posting? Or just not much to say, business as usual, carry on and check back in a few years?
For the detractors I wonder at what price it becomes viable, or indeed if there is no price worth paying as there is no confidence in OCA's long term viability? I haven't heard anyone go quiet that far yet?
For the exuberant among us I would ask what it would take to shake your faith but I think that has actually been covered before and the answer was more or less nothing, take it down to $0 :eek2:
superfluous to requirement
Yes I agree, nothing is going to change until interest rates drop and kicks off the property cycle again. The only way rates are going to drop is a bit more pain in the economy. That means business doing big layoffs or liquidations, higher unemployment rates and then increased mortgagee sales.
I like to invest in businesses in a good news up cycle which basically means the company announcements are positive. Examples are expansion, market share gains, profit upgrades etc. the only two NZX stocks I hold is 2CC and TWR, these tick all the boxes. Got ridiculed for holding these but I just laugh lol as they are performing extremely well.
Lastly like you say OCA balance sheet is not strong and this is hurting the SP. again I got mocked by the usual two when I said I don’t invest in companies nearing 40% leverage but this situation (weak economy) is exactly why. Just too risky for the SP. other reason is with a weak balance sheet the dividend always gets cut in a weak economy. See if OCA had a strong balance sheet they wouldn’t have to temporarily cut the div, so at least holders could ride through this with an income coming in.
The OCA thread gets a lot of attention, its a STr favourite. Reading here you could think the SP drop is end of the world stuff. But holders need to remember we are in a bear market and there are a heap of other well-known names doing WORSE for holders than OCA over the last 12 months:
OCA down 33%
HGH down 37%
WHS down 37%
FBU down 39%
RYM down 40%
THL down 49%
RBD down 50%
DGL down 52%
CVT down 53%
MHJ down 56%
PGW down 62%
SML down 75%
OCA actually doing pretty good!
TWR up 36%
2CC up 170%
ValueNZ is not your pet. You cant just order him around. Also let other people give him advice. Its weird when you post stuff like "he doesnt need advice from you", like you are the only one to teach him. Its like you are grooming him or something.
ValueNZ, if Sailor ever invites you onto his boat for a 'private lesson' RUN, RUN AWAY.........