I wish Earl would conveniently forget to put this chart in his presentations ......and just use their preferred UnderlyinG EBITDA instead.
this chart is far from inspiring ....quite depressing really
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I wish Earl would conveniently forget to put this chart in his presentations ......and just use their preferred UnderlyinG EBITDA instead.
this chart is far from inspiring ....quite depressing really
Back in the 1980's you got up to 3 optional papers out of 20 so the dog got his snout into other interest area's including psychology and investment analysis, both just "slightly" more interesting than all the super boring bean counter stuff lol
My read on the early redemption thing is they would have to pay people out at market value so if the bond was trading at (just say for argument sake) 1.5% yield to maturity at the three year point they'd have to pay you out the difference between 2.3% and 1.5% (0.8% per annum for the remaining 4 years. ~ about a 3% capital gain). Does that sound right to you mate ?
2.3% is super low BUT that's exactly double the rate the BNZ (1.15%) will pay you on a 5 year term deposit and with the open banking resolution I know where I'd rather have my money.
thats great to hear that you voluntarily rounded yourself out Beagle. I personally highly value my arts and science papers but always spent my first part of the day reading the business section of the Herald at the UG reading room.
Yes you would get all existing capital gain if forcibly redeemed at market when they paid you out but... DURATION . You're not necessarily getting a 7 year bond which is what you bought. Maybe this only really matters to portfolio construction nerds. I just think that if you go for these extended length bonds (by that I mean 7 instead of the usual 5) then part of the reason you do this is to lock in these low rates for as long as possible because you think the world is going to hell in a handcart.
Or you may be going for the immediate capital gain quite likely if it goes at anything over 2% but many people hold bonds until maturity and they count on that being the full stated length of the prospectus. SO NB
Enough said.
Saw this about inflection points ...cool stuff
Realising the simple power of fundamental inflection points started me on a journey toward a new (and successful) investment approach.
https://mattjoass.com/2018/11/10/inf...int-investing/
Awesome article Winner, loved this part...
Most value investors arrive for the party two hours early and make awkward chit-chat with the hosts over a bowl of dip. We arrive a half-hour late, a couple of other guests have already arrived and the conversation is flowing. Soon the party will be in full-swing. Later on, when Mr Market has gotten drunk and starts making a scene, we’ll make a polite exit.
Nice call as a trader bull...for investors though, the next five years are going to be very exciting with strongly growing profits and dividends.
Inflection points are almost always rewarding in more than one way. My theory is that reputation and trust is always earned and never given freely by the investment community. As profit steadily grows in the years ahead I think its highly likely OCA will earn the trust, reputation and respect of investors and we will see not only strong growth in earnings and dividends but a rerating towards a market medium PE for this sector of about 18.
I can foresee eps of 18-20 cents earnings per share in 4-5 years time and a market medium PE of 18...Hmmm that's $3.24 - $3.60.
breaking out on summerset update 1.20 resistance broken next test might be 1.32 pivot from last time , im back in just had to mossy over to the power stocks for some gains as well recently lol