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28-10-2016, 09:26 AM
#3851
For those who prefer underlying profit (measures operational effectiveness only) the $55m is 25 cents a share
On Ryman multiples that's worth well over $7 a share
At the top of every bubble, everyone is convinced it's not yet a bubble.
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28-10-2016, 09:41 AM
#3852
such a high growth rate surely justifies/support a higher multiple (of, say, 30). On that basis, fair value is $7.50!
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28-10-2016, 09:57 AM
#3853
They are indeed growing faster than RYM for the least few years. They also have a land bank of seven years supply, something the others would struggle to match I believe.
They are very good long term value but overall the market is soft so I remain cautious regarding the short term.
Last edited by Beagle; 28-10-2016 at 10:07 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-10-2016, 10:05 AM
#3854
And...back to $5 on open!
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28-10-2016, 04:12 PM
#3855
Originally Posted by Roger
They are indeed growing faster than RYM for the least few years. They also have a land bank of seven years supply, something the others would struggle to match I believe.
They are very good long term value but overall the market is soft so I remain cautious regarding the short term.
Yep any short term gain could easily be erased in this current extremely volatile market but this is a wet and forget kinda share for the long term investor with patience(I could do with more of this) This and the other listed retirement companies are no brainers for any investor who wants to watch their money tree grow with no intervention necessary.
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28-10-2016, 04:51 PM
#3856
Last edited by Beagle; 28-10-2016 at 04:52 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-10-2016, 04:57 PM
#3857
Im always suspicious when that term is used so i looked it up. "No Brainer. Something that requires little mental effort or intelligence to perform or understand. The term is often applied to decisions which are straightforward or sometimes to people who appear to lack intelligence."
Im still watching property stock trends in Aus and NZ. Still dropping and Healthcare property companies are lagging but following them down. may be a while yet before the macro turns.
NZX is very close to correction territory atm.Am sitting watching the storm clouds building.Alot of money being taken off the table and out of the country.
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28-10-2016, 05:10 PM
#3858
I agree with you JT in the short term, there is every reason to remain cautious. I know what Couta1 is referring too is the outstanding long term tailwinds this sector will enjoy for the next 10-20 years.
The population trends are undeniable, SUM most well positioned in a tightening land market in terms of years of land banking and the whole sector enjoys a very favourable binding ruling from the IRD meaning that occupation licence resale's are tax free. Very hard to lose in the long run with those macro economic factors which means Couta1 is quite right about it being a long term no brainer.
Last edited by Beagle; 28-10-2016 at 05:59 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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28-10-2016, 05:27 PM
#3859
Originally Posted by Roger
I agree with you JT in the short term, there is every reason to remain cautious. I know what Couta1 is referring too is the outstanding long term tailwinds this sector will enjoy for the next 10-20 years.
The population trends are undeniable, SUM most well positioned in a tightening land market in terms of years of land banking and the whole sector enjoys a very favourable binding ruling from the IRD meaning that occupation licence resale's are tax free. Very hard to lose in the long run with those macro economic factors which means Couta1 is quite right about it being a long term no brainer.
You interpreted my post perfectly mate, to me no brainer has nothing to do with lack of intelligence but rather lack of mental effort required. As an aside Met up 3.2% today, Rym up 2.6% with Sum running 3rd at 2.3%, strange thing the market aye.
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28-10-2016, 05:31 PM
#3860
Originally Posted by couta1
You interpreted my post perfectly mate, to me no brainer has nothing to do with lack of intelligence but rather lack of mental effort required. As an aside Met up 3.2% today, Rym up 2.6% with Sum running 3rd at 2.3%, strange thing the market aye.
The market sure is a strange and fickle beast at present that's for sure. Anyone would be forgiven for thinking the other two retirement companies were the ones making the extremely positive forecast, go figure ?
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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