Obvious which ones to BUY eh
And hardly worth while taking a punt on any other stocks in other sectors
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OCA will be lucky not to raise again in the near term. ARV and SUM would be my picks.
last mth
rym down 18%
sum down 17%
oca down 15%
arv down 10%
still looks like investors are avoiding the sector
The property development sector is a disaster area out there currently. Why would any investor without exposure invest there?
RVs are but glorified property developers with huge tax as well as leverage advantages which they exploited entirely & appropriately, and extremely successfully during the boom years.
Like so many of the property I have seen over the decades, they all go one or two deals too far.
Now they face the ‘bust’ and it’s going to get really ugly before it gets better.
Dear Balance please define "property development sector'...As opposed to property investment ...I believe there is a difference.
BTW ...Do you understand that all markets operate in cycles.
Tell me when is the best time to buy..cheers.
I could be wrong I believe the only place on earth that land has been reclaimed is in the Netherlands.
I mean you are a legend.
Markets and cycles? But of course - so timing is important as much as time in the market.
And you do have a valid point - the listed RVs are both property developers and investors.
Like I wrote before, they used leverage very successfully during the boom years and now, the leverage is coming back to bite them hard.
I will tell you the best time to buy when I have bought - promise.
They will not get rid of the dividends imo though they should.
Need to keep faith with the shareholders and maintain the facade of respectability.
Heck, the banks have been doing it for decades! Pay high dividends and hit shareholders for capital ever so often for ‘growth’ or to repair balance sheets.
Interest rate hikes trigger biggest property sales slump in almost 40 years - CoreLogic
https://www.newshub.co.nz/home/money...corelogic.html