KPG - Kiwi Property Group Limited

[Snow Leopard]

Do not quote me on this but I think that much of the property gain can be attributed to the current low interest rates and how that is factored into the valuation methodology.

Reversing the property revaluations out there is still a significant increase in 'operating profit', due to the lower interest rates & possibly the capital raising during the year?

I own some KPG and may read the report properly later and form a less uninformed view.

I recall reading recently that NZ is growing up and that the likes of H&M & another companies are invading (we already have them here in KL) so whilst they may drive a hard bargain with the likes of KPG and affect the (retail clients of KPG) competition I do not believe that physical retail therapy in NZ is quite dead yet.

Best Wishes
Paper Tiger