Why would the money go into OCA rather than one of the others?
Is it because of all the operators, they have stayed down after the covid dip? (As per post #5896.)
Just trying to understand the thinking here.
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Sector yah aw......
Some funds need to be allocated on healthcare, real estate, consumer staples, tech., Financial, sex toys products..lol
I didn't say OCA would be favoured over the others BUT the fact of the matter is it will be the only retirement company left trading at under NTA, (although this may no longer be the case very shortly). The underlying PE, dividend yield and share price proximity to NTA is the best of the sector. Next best is ARV trading at a 17% premium to NTA and a dividend yield of 3.9%. I am sure some money will flow there and to SUM and RYM as well.Quote:
#5923 Extract A takeover of a N.Z. retirement company is likely to see a material portion of that capital released reinvested into an alternative retirement company in N.Z.
Yes , a friends already indicated he will put his (big) gains into SUM, with quality and safety in mind, in this brave new world.
Crikey... both OCA and PLX at 97c when I checked this morning......Spooky!!
yea spooky took of last week why i was filling my boots for my trade