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Things appear to be going swimmingly well submarine style for some in the Property Development sector
Take for example this one -
https://www.nzherald.co.nz/business/...FWY54FC5ZNPPE/
House-builder Compass Homes Franklin stops trading
And that's in one of the better growth areas for the sector - Article may be paywalled
A fairly good run down of some of the issues the sector faces, including scarcity of sales in this case.
Last edited by nztx; 31-01-2024 at 11:19 PM.
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Member
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Originally Posted by thedrunkfish
Article mentions they self produced a reality tv show about their life and work.
If not enough red flags already, massive one there!!
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Originally Posted by Sideshow Bob
Article mentions they “self produced a reality tv show about their life and work’.
If not enough red flags already, massive one there!!
I would love to see this show be screened, but not sure if it's reality or comedy
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Member
Ipo
Definitely all smokes and mirrors where they rented a house in arrowtown short term to stage that plus they were renting in Auckland also to stage that side.
This ipo is just converting debt they cant repay to shares which will be hard to move
Another mid level property business who live of cashflow to have a show lifestyle while investors bleed
Wouldnt touch it with a barge pole
Originally Posted by Habits
I would love to see this show be screened, but not sure if it's reality or comedy
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IPO def. Investors Probably Outsmarted
Alt: Invariably Poor Outcome
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Originally Posted by SPC
IPO def. Investors Probably Outsmarted
Alt: Invariably Poor Outcome
It's Probably Overpriced
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So as the pool of listed companies slowly shrinks, is this the future for the NZX?
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https://businessdesk.co.nz/article/p...e461-402467359
(Paywalled)
Saying they were technically insolvent last September.
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Last edited by nztx; 12-02-2024 at 12:54 PM.
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