“Kiwi Property today advised that Ian Passau, GM Development, will be leaving the company following a restructuring of its development function.
Kiwi Property Chief Executive Officer, Clive Mackenzie, said: “Ian has made a huge contribution to Kiwi Property over the past seven and a half years, leading major initiatives such as the Sylvia Park galleria expansion, the construction of our Resido build-to-rent scheme and the successful upzoning and commencement of development at our Drury landholding.“
“Unfortunately, given our focus on cost reduction and with no new development projects commencing in the short term, we’ve been forced to make some tough decisions. I want to thank Ian for everything he has done for the business and we wish him all the best for the future."
Ian will remain at Kiwi Property until mid-August 2024.”
Share price continues to fall …….and divies not covering capital loss
Suppose Kiwi now just a hoping like anything things get better on day stock …and some say hope is not a good strategy
“Continues to fall”
KPG has been trading in a range between high 70s to high 80s for the last 6 months (77c low was in Oct).
Earnings at month end, unlikely to be anything between now and then that would move the stock out of that range, unless there is a shock interest rate move, or if the Vero Centre deal is announced.
Kiwi Property today announced its draft valuations for the six months ended 31 March 2024, recording a 0.1% or $3.6 million increase in the fair value of its property portfolio, which was expected to be worth $3.2 billion at the end of the period.
KPG has been trading in a range between high 70s to high 80s for the last 6 months (77c low was in Oct).
Earnings at month end, unlikely to be anything between now and then that would move the stock out of that range, unless there is a shock interest rate move, or if the Vero Centre deal is announced.
This is what ‘continues to fall’ looks like
Crude but bestei can do on phone
Last edited by winner69; 03-05-2024 at 05:55 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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