........heading to $1.20 .......then $1.50 .....then $2.00 .....faster than we think I reckon
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Seeing the listing was so close to the end of the financial year one would have to assume the f17 forecast in the IPO documents were well and truly locked away ....and with a few extra sales than anticipated in May and a bit of fine tuning around the edges of the accounts they will exceeded
So expect a good result tomorrow = gives management credibility and the market confidence PLUS indications if not an outright revised guidance that F18 will be as good as or much better than forecast = share price to rocket ahead
Yes t_j .......just imagine eh
Some sellers are raining on OCA's parade... must be a bit uneasy about tomorrows result.
On the flip side, they could be very disapointed they sold at 96 cents ish come this time tomorrow... some might say the sellers today at 96 cents might be a bit less 'well positioned' tomorrow.
The big day today. I've bought at 83 and 86 so it is now my biggest holding. Whatever the result I'll be drinking...
Exceeded IPO forecasts as expected
Company worth a lot more now -
In the year ended 31 May 2017, reported net profit after tax of $44.9m was ahead of the $25.3m forecast in the Company’s Product Disclosure Statement (PDS) due to a significant increase in the valuation of Oceania’s care and retirement village assets. Total assets increased by $135m to $918m following a material increase in development capital expenditure and acquisition of sites, and net debt fell to $84m (from $274m) resulting in low gearing of 15%.
Bloody high development margins - over 27% - wow