Yeap...its still under $1 now so it's still really, really cheap
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Yeap...its still under $1 now so it's still really, really cheap
F18 earnings growth is to mainly driven by 1) new unit sales going from forecast 33 this year to 84 and 2) resales going from 87 to 113 .....along with improved development margins
Big growth numbers = big increase in share price
So Thursday we should see numbers close to the 33 and 87 stated above and close to forecast underlying ebitda of $44m and underlying npat of $33m
Then its all go for F18
Yeap Trader Jackson says its only on a PE of 9 so if they can progress their business plan as intended we could see it rerated up towards sector average PE quicker than maybe you or I even expect. A lot of potential that's for sure, lets hope they can crystalise that potential going forward.
Was listed at 9 yes, as mentioned on 14-07-2017, 06:26 PM (post 294) it finally made it past 10, still crazy low really.
Fast forward to today, another day of large volume, nobody selling till 97 cents
Some say tomorrow might be the last day OCA is under the dollar mark ;)
(Who are these crazy people still selling under $1?)
Below graphic is the 'promise' that Oceania have made for F18
After hardly growing ebitda in F17 it's going to skyrocket in F18 - as can be seen by selling heaps more new and used retirement units. Stuff all extra ebitda from looking after (care) oldies
Off course they will keep this 'promise' .....
going...going...