@CaptainBarnacles Hi Captain. Are you still in MOC? Love to...

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daicosisgod

12,147 Posts.

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29/09/20

08:59

Post #: 47696048
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Originally posted by CaptainBarnacles ↑

Well I might buy some more at a low price. There are four things that I like about the current situation:
1. Brokers are not unhappy enough to leave - might even be satisfied - hopefully the IT work is making their lives easier.
2. There are likely still more interest rate cuts coming I believe, and then possibly some sort of QE, maybe even buying of RMBS.
3. The state governments are gradually sorting out the property development fiasco, should be sorted in the next two years or so, and confidence recovered - and this time the Mortgage Choice brokers will be in with a fair shot at getting referrals now that paying referral kickbacks is totally gone. Customer service will win I suspect.
4. The restructure of the business to deal with Hayne etc is coming closer to an end, and stability will return.

The main potential cloud is Frydenberg's inquisition in Mortgage Broking. (Assuming that Covid 19 doesn't invade Aus!)

Good timing for dip buying IMO, and maybe sell if/when QE gets rocking in a few years time!

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@CaptainBarnacles

Hi Captain.

Are you still in MOC?

Love to heasr your current thoughts on MOC and the recent lift in SP.

Cheers....................Daicosisgod

P.S I have held since early 2018 so deeply in the red, just pondering whether to hold or sell.

MOC Price at posting: $1.06 Sentiment: Buy Disclosure: Held
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