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OZG - Ozgrowth Limited

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:)

Hi folks,

..... here's your IPO Christmas present ... !~!

OZG ... listing 02012008:

07012008 ..... minor news

18012008 ..... minor cycle

15-18022008 ..... 2 cycles and a positive spotlight on OZG ... :)
..... long-term finance details ... ???

21-26022008 ..... another significant and positive cycle here

10-14032008 ..... 3 significant cycles and positive news ... finances ???

17022008 ..... minor cycle

01-04042008 ..... 2 minor time cycles

Merry Christmas

paul

:)

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Re: OZG - Ozgrowth

:)

Hi folks,

OZG ... no news yet, but made a small gain in a sea of red ink, today ... !~!

happy days

paul

:)

=====
 
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Re: OZG - Ozgrowth

Announcement out today.

Trading at 17.5 cents, announcement says that the NTA are 23.5 cents per share.

I do hold this company. Looking for a long term view on this one.
 
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Re: OZG - Ozgrowth

Announcement out today.

Trading at 17.5 cents, announcement says that the NTA are 23.5 cents per share.

I do hold this company. Looking for a long term view on this one.
Have you had a look at EZL, they own a large chunk of OZG and collect a management fee as the investment manager.
 
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Re: OZG - Ozgrowth

Have you had a look at EZL, they own a large chunk of OZG and collect a management fee as the investment manager.
A little.

I think that they (Euroz) own AEU and AZF too.
 
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Re: OZG - Ozgrowth

Interim dividend announced today with rest taking place in 2013. Fully franked.

I own OZG and AEU (have traded AFZ in the past too, when it was ~1.50.....now it's ~1.92).
 

pixel

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Re: OZG - Ozgrowth

How much lower? It's trading 23% below NTA. Where are all the self-proclaimed "Value Traders"?
I hold long-term for dividends.

OZG w 03-03-16.png
 

skc

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Re: OZG - Ozgrowth

How much lower? It's trading 23% below NTA. Where are all the self-proclaimed "Value Traders"?
I hold long-term for dividends.

View attachment 66203
WIC is the "sister" company holding a similar basket of stocks. It's trading @ 22% discount as well but with 43% cash.

I don't hold and not really interested, but I'd say WIC might be better value on your metrics.... and better for trading given it's higher share price.
 
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Re: OZG - Ozgrowth

WIC is the "sister" company holding a similar basket of stocks. It's trading @ 22% discount as well but with 43% cash.

I don't hold and not really interested, but I'd say WIC might be better value on your metrics.... and better for trading given it's higher share price.
I believe WIC were the ones that sold gold shares at the low, and held iron ore names all the way down...
 
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Re: OZG - Ozgrowth

I don't hold and not really interested, but I'd say WIC might be better value on your metrics.... and better for trading given it's higher share price.
Pretty ordinary performance considering it's been listed 8 years. You end up paying pretty steep fees for rather average returns. Given the performance, and no way of realising NTA I don't really see why the gap would close. The discount could even just represent the portion of returns that are paid in fees each year.
 

skc

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Re: OZG - Ozgrowth

I believe WIC were the ones that sold gold shares at the low, and held iron ore names all the way down...
A LIC that's great at buy high-sell low deserves some discount I guess!

I must say that I don't quite understand why they need 2 different entities (OZG and WIC) as they appear to hold mostly the same basket of stocks..

Having said that...their current portfolio has only 18% exposure to resources, and the bigger holdings are not illiquid penny stocks. So if I was able to CONTROL the company at current NTA discount it would be a great trade... I should be able to liquidate without eroding all the discount to NTA. But for a small holder with no control, one would hope that they don't deploy those cash into something that will drive price-to-NTA convergence by further lowering the NTA!!
 

pixel

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Rising into Wednesday's ex-div.
OZG n 30-01-17.png


but you're right: from a pure dividend yield pov, WIC would be twice as rewarding.
 

Ann

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31/12/2018 ASX notice first week in January 2019 Anthony Hewett Company Secretary had this company do a 'buy-back' of 114727 shares to the value of $18429.96. Nice way to sell shares without selling any shares. Nothing illegal folks, not suggesting anything. Just looking.
 
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