It is so sad that the youth of today do not know the significance of 42.
A generation of unhoopy froods who have no idea where their towel is.
:(
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If I have any available funds after the Infratil issue, I may add to my Oceania holding.
42 - significance being the number of the first black major league baseball player? Or. The Douglas Adams answer?
Personally I am more of a red dwarf fan, and prefer an Anglia to a Prefect!
That is a very simplistic interpretation of what I have said.
What is obvious to everyone is that it depends on the outcome. Averaging down can be the worst or best thing to do, but either way it's a risky strategy.
If your view on the stock hasn't changed from when you first bought it then perhaps it's the right thing to do. However it's not without risk and this is where SailorBoy and I disagreed, he acted like there is no risk.
My recommendation would be to diversify risk, as effectively you are buying into the sector, certainly not the management, in fact I would say the management is one of the biggest risks, as they have under performed and the new CEO is untested.
So if I owned RYM, I might look at topping up with OCA, or vica versa, at 42c or equivalent, naturally. 😉
As I don't own either, I have the best position of all.
I'm not going to waste my time on here stating the bleeding obvious. And I'm sure many on here will appreciate that.
Crikey, if you don't think management has underperformed, its no wonder you think this OCA is worth so much.
I have pointed out so many areas of concern over the last few months, but apparently none of that matters. The market obviously disagrees.
One last thing? Why has there been a change in CEO?
Delusion..only dumb holders that keep wishing the share price down 👇👇👇