Going by Tuesdays azx close I'm guessing we are in for a great rise today. Even with the lower offer on met than what others were expecting
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Going by Tuesdays azx close I'm guessing we are in for a great rise today. Even with the lower offer on met than what others were expecting
Beagle says: (I know this seems overtly bullish (re: SUM) but I am happy to follow my own nose of this one). I don't see anything like that potential with OCA in the short run.
Whatever the analysis Beagle, OCA up another 4.1% today, my largest NZ Shareholding - very pleased! Seems to be a major sentiment swing going on...
Happy for you seeing as its so badly underperformed in 2019.
To clarify.
Share price was $1.07 exactly a year ago today. When I made that post this morning I was referencing the closing price from the previous days trading of $1.23 so the overall gain at that point was 123/107 = 14.95% plus dividend yield of about 4%, total 18.95%. This against the NZX which according to the N.Z. Herald boxing day edition is up 31.6% year to date. Underperformance relative to the NZX50 is thus 12.65% before today's trading. Who knows though, the way this sector is performing it might be up, (inclusive of today's gains), by another 12.65% by year end to match the NZX50 ?
FYI - Gains to close of trading 24 December for the year (excluding dividends)
OCA 15%
MET 19%
SUM 32%
ARV 42%
RYM 53%
NZX50 inclusive of dividends 31.6%