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Macdunk - if you go back a bit further, KIP and CNZ were doing nothing at all. It's been a bull run for listed property for best part of 4 years and it won't last forever. I'm getting more underweight on them by the month...
Referring to the stock picking game for 2005, RBD returned 7.3% - beating 85% of average entries in the contest (including yours at 0.81%), despite finishing well off its mid-year highs...
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LIZ, I didnt say that listed property companies were a good investment. Snoopy and i have been having this discussion for years. He inferred that RBD stood up well against property listed companies i think the opposite. LIZ let me remind you that my dogs selections are way ahead of yours in this years comp so that means nothing at all. macdunk
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Oh well, another thread disintegrates into the same pointless arguments...
...must remember never to attempt any meaningful analysis on RBD! 
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quote: Originally posted by Lizard
The trading in RBD seems to have been very odd in the last few months since the expired takeover. It is trapped in a very tight range (mostly $1.27 - $1.30). Volumes have been quite erratic and occasionally large. Today (a relatively quiet day) a large volume of shares traded (does anyone have the VWAP?). I am interested to know whether there is an explanation for this behaviour.
Just noticed I hadn't answered the original question. In my assessment there is no explanation because not all market behaviour demands an explanation. And this IMO is one of those cases.
"Trapped in a very tight trading range" means there is general market agreement about the share value. Daily volume changes in all shares outside the top twenty can generally be classes as erratic.
In this case there are big shareholders selling shares to other big shareholders and small shareholders selling shares to other small shareholders.
All you have described Lizard is the normal operations of a generally static market. Just because some trading statistics can be generated doesn't mean they have meaning. My explanation for the trading behaviour you describe is 'random noise'. However, if you seek an explanation when there is nothing to explain your mind is a superb creative device. The mind will find a pattern in the random noise if you are determined to see one.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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Okay Snoopy, no arguments, I do have a superbly creative mind...[:0]
Still, RBD has broken out over the last two days. Somehow, it is not trading with the rest of the market. Personally, I think this seems positive.
Cheers,
Liz
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Last edited by Regi; 02-07-2015 at 01:12 PM.
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 Originally Posted by Regi
Very good but I am not sure they should be referring to increase sales/profits at KFC as "healthy"!
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quote: Originally posted by Lizard
RBD has broken out over the last two days.
I'd still say a rise of under 2% is just as likely to be noise than anything significant
quote:
Somehow, it is not trading with the rest of the market. Personally, I think this seems positive.
I'm not so sure RBD ever *has* traded with the rest of the market!
Both Phaedrus and Macdunk have pointed out to me several times that RBD didn't really take part in the market rally over the last two years. Largely I suspect because the market decided it was a 'zero growth' share. That is the negative way to look at RBD.
On the positive side a 'zero growth' share will not go down in price either, unless the outlook for the business deteriorates significantly. Management forecasts 'steady as she goes', and so sails the share price - even in a falling market.
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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 A dog with no kennel
Originally Posted by Snoopy
I'd still say a rise of under 2% is just as likely to be noise than anything significant
I'm not so sure RBD ever *has* traded with the rest of the market!
Both Phaedrus and Macdunk have pointed out to me several times that RBD didn't really take part in the market rally over the last two years. Largely I suspect because the market decided it was a 'zero growth' share. That is the negative way to look at RBD.
On the positive side a 'zero growth' share will not go down in price either, unless the outlook for the business deteriorates significantly. Management forecasts 'steady as she goes', and so sails the share price - even in a falling market.
SNOOPY
They might not take part in any rally SNOOPY but they certainly follow the market down. Interesting to see you still convinced your right and the market wrong by buying more. Macdunk
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You cant compare Dominos with Pizza Hut. Both have difference business models and Dominos is eating PH alive. The main concern with RBD is that they lack a strategic plan for growth. PH and Starbucks are dying ducks. The only winner they have in the portofolio is KFC. If a competitive chicken chains comes into NZ KFC maybe history also.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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