To be fair its clear they have been in the process of transforming their business model and there was always going to be some pain involved in that. As the old saying the gym trainers use goes, No pain, no gain !
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To be fair its clear they have been in the process of transforming their business model and there was always going to be some pain involved in that. As the old saying the gym trainers use goes, No pain, no gain !
Not sure if anyone saw this interesting article from Stuff News that came out yesterday https://www.stuff.co.nz/business/124...leading-broker
As I’ve often said it’s the power of a story drives corporate value .....ie share prices
Oceania a great example of this .....the power of the story has produced a share price of $1.40 whereas if priced at a PE of 11 for a no growth company it would still be 70 cents odd.
Lets see where these Retirement stock go ....posted on 4/6
Updated ------4/6--...--6/7-----..-5/8........8/9.......7/10.........7/11........3/12.......10/1.......18/2.......10/3
Arvida .........$1.37....$1.48 .....$1.60.....$1.65.....$1.77........$1.78.....$1 .67......$1.75......$1.81.....$1.70
Summerset...$6.34....$6.73......$7.80.....$8.56... ..$9.15.......$10 .50...$10.83....$12.35....$12.92....$12.75
Ryman.........$13.35..$13.04 ...$12.77....$13.79....$14.85.....$14.7 0...$14.69....$15.05....$15.75....$15.44
Oceania........$0.94....$0.95 .....$1.03.....$1.04.....$1.20.......$1.36......$1 .29......$1.46......$1.49.....$1.40
Metlifecare....$4.28....$5.76 .....$5.92.....$5.94.....$5.98 ......$6.00......
These Building Stocks have all declined recently. LVR 30/40 shortly required will bite plus interest rate increases suggests not all rosy outlook
Hold OCA........ but would not buy more
Market is always forward looking as you well know and sees excellent potential for earnings growth in the years ahead now they've passed the famous "point of inflection" with their business transformation program. Average analyst target price is $1.61 https://www.marketscreener.com/quote...268/consensus/
the story is dead? earl jumped before being pushed?
Deeper speculation: https://www.nbr.co.nz/story/headhunt...rce=Heads%20Up