They are definitely chalk and cheese. Been following both for over a year and like 'em both. Don't own OVH as I struggle from an absolute valuation perspective; on a relative valuation basis, it is cheap.
I remember staring at HUB at around $1 thinking the price didn't make any sense. Never really fell so never held. But it did make sense... eventually and I half learnt a lesson. Similarly OVH just might not fall to a price I'm comfortable with.
Interested in your take on "I need them [SEQ] to get more focused..." From a broader perspective, which can be applied to SEQ, OVH or other businesses:
1. Can a business that offers a range of related services be successful, if they are not particularly focused on or currently successful in any one of them?
2. How much value is there in the diversification of revenue and earnings from offering a range of services?
OVH Price at posting:
56.5¢ Sentiment: None Disclosure: Not Held
