paying 80c for something with an asset value of $1.30, how is that not a bargain. Then there's the 5% divvy as well!
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paying 80c for something with an asset value of $1.30, how is that not a bargain. Then there's the 5% divvy as well!
I'll be all in if it's down to 80C. Even the property value goes down and its NTA will be down, say, by 30%, then 80C is still less than its adjusted NTA plus attractive dividend yield.
Bloodbath. RYM 845. without rhyme or reason I might buy Ryman instead. Mum says they are all the same and she should know, she's really old. 40 or something.
Over the last month I've broken down some areas of my expectations of some of the main increased incomes and expenses. Anybody reading through them will most likely be wondering ,”when all these add together what does it all mean?”
In the most simplest form , after all of these considerations,here are last year's underlying EPS and my forecast for the HY that just ended last weekend.
1HY22 3.9c
2HY22 4.15c
1HY23 4.6c
So if I'm correct enough…
Pcp EPs is up 18%, from last HY its up 10% (in only 6 months)
While this growth is not super amazing remember all RVs report stronger second halves (winter vs summer ) so this growth in EPS during a winter HY will be quite an achievement.
Also this improvement in EPS does not include anything of the Helier yet.
Certainly an impressive potential result considering the market currently rates it as to have no growth prospects at all with a PE of 11.4
So while my forcast is not going to be perfect it should be very close. It should prove at last the plan is coming together and finally the snowball( to use Ferg’s term) has started rolling. The drivers that have created this growth are sustainable and the growth will be ongoing . Then the turbo effect of The Helier will be some serious, ongoing cream on top of this.
What the mood of the market (ie SP) will be in mid November when this is reported is anybody's guess. For those of us in it for growing dividends a ~ 15% pay rise will be none too shabby. Mostly though it will be a strong waypoint of the next leg ,as many of the new caresuites start maturing and we enter the apartment phase.