OCA - Oceania Group - retirement villages

[Daytr]

What do you need to know about trading?

That's more than one post and deserves it's own thread.

Only fools dismiss things just because it's not their bag or more likely from a position of ignorance. It's fine if it's not for them but there's a lot of ways to make money.

Anyway, probably the one biggest thing besides all the technical side, analytical skills etc is to have discipline and admit when you are wrong, which can be easier said than done.

You don't actually have to get it right the majority of the time if you have good discipline, but obviously it helps.

I have three portfolios
1) short term trading derivatives, fx, commodities, indicies etc.
2) share investing short to medium term.
3) Longer term investing where I switch in & out of various portfolios, sectors & indices.

[winner69]

Oceania the star of the day ….share price up 5%

Not a sector thing

ARV up 1%
RYM flat
SUM down 1%

Fans chanting OCEANIA, GO YOUR BEAUTIFUL THING

Bodes well for a Warriors win tomorrow night

[Panda-NZ-]

Interesting history reminder:

Macquarie bank sold their shares in OCA for $1.20 four years ago.

https://www.nzherald.co.nz/business/...YEH4XNRM3IQBA/

The 251 million shares were sold for $1.20 a share in an underwritten sell-down., a 4 per cent discount to the last close of $1.25 on the NZX. Oceania shares' net asset backing at Nov. 30 was $1.15.

Oceania NTA is now $1.42 and share price 60 cents.
I couldn't help myself but get in on the action recently with my own purchase.

[Panda-NZ-]

Controlling runaway costs was my main concern and looks to ease with inflation low helped by less pressure to lift wages (oceania has a hell of alot of employees).