Those canny investors who let it back-test the IPO price and establish a support level and uptrend and then have doubled down twice into a confirmed uptrend have done extremely well too :)
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Well... this years results were even better than expected, which is a nice surprise given how close to end of financial year when they were listed.
I could go on about how great the operating cash flows are, how great the development pipleine is looking, the nice EBITDA etc etc (slide 4 of the results presentation is real nice by the way - although I did note expenses were a bit higher than expected...)
But I'll cut to the case... the words I liked most are "we are well placed to achieve our forecast in 2018 and continue to create long term value for our shareholders" you can almost smell the upgrade/beat of FY18 coming (not just profit wise, but dividend wise as well)
Maybe I was right that yesterday was the last chance you could buy these under $1? Todays results would certainly suggest it should be
Like it - looks like the market is opening above $1 (the morning auction sits currently at 101) and hardly any sellers up to 110. Could turn into an interesting day ...
Looks like holders just found another company helping them to be "well positioned" (Sorry, I know Percy should have said that ... but maybe he has?).
Can't understand people complaining that there are no bargains anymore on the NZX ...
Pretty impressive, wanted to see the results before jumping in. Now in before it jumps past $1.00.
Given SUM is being shorted and being pretty quiet, I've sold sum from SUM and diverted funds to OCA.
Well done on identifying the potential Trader_Jackson
Not a great response from MR Market - early days yet while the instos digest it and after lunch there should be better response , didn't hit $1.00 ( yet ) .99 high !
Is the current price already built into it ATM ?
Yep, took a fair bit of risk out of the equation eh ......the derisking cost minimal in the big picture.
Had to wait see what the sentiment really was around this stock, because as we know it's sentiment that really drives share price (often more so than company performance)
Nothing to stop punters getting even more positive over Oceania
I am surprised at the strength of the sellers, they've come out dumping (sort of)... clearly, missed the results announcement and just like the 'high' price.
No doubt they will dry up eventually, after all, you can only sell so much.