Sure is and gives one the warm fuzzies eh and reassurance that maybe I haven't bought a dog of a stock afterall
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Hey winner, OCA only worth 1/11 of Ryman SP by the looks not 1/10.
...as t_j says OCA is grossly undervalued .....but 10x or 1/10 is easier to work out
Rough day today eh ....watched QF161 from SYD do 2 aborted landings before heading to CHC, AIR SYD flight aborted one landing but was OK second time around and Virgin BNE flight landed beautifully first time in ....and in between a little Sounds Air plane had a decent of landing as well.
Its averaged a tick over 10% since lsiting
Interesting on the day it listed it was 9.2% of RYM and today it is about 9.2% ...spooky eh possums
When it was ramped up to 110 in Augst or thereabouts the % got to over 11% but reversion to the mean kicked in ...as it was overvalued at that time
Who me ?...ramp a stock, surely not !!!!...wash your mouth out with soap and water :D
Bit of a bummer of a week for OCA share price in that it closed at 102 being the same as last Friday
No recovery this week which doesn't bode well for the next few months
Their business model is sound going forward and as discussed the PE is very reasonable for this sector and compared to the market overall. Its a needs based business with very strong long term demographic tailwinds. Early days but this looks like a good long term growth stock to me. Short term doesn't concern me.
That just proves that both OCA and ARV are fairly/correctly valued at the moment with most of the next years performance priced in (punters are bullish)
On the other hand SUM was up more than 3% over the week ....with the marketing starting to price in F18 expectations .....with a fair bit to go, making SUM the best bet of the three by a long way.