1 Y1 1.15 1.15 15% Y2 1.15 1.3225 32% Y3 1.15 1.520875 52% Y4 1.15 1.749006 75% Y5 1.15 2.011357 101% Y6 1.15 2.313061 131% Y7 1.15 2.66002 166%
Best Wishes
Paper Tiger
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I know what I did wrong - I started with 1.15*1.15... LOL
The tiger beat me to it ...ha ha
NCEA accreditations on their way!
;)
I hate to say it again...if residential house prices (at least in the most populated cities...which in itself is virtually a given ) continue there upward trajectory ...then this "freight train'' aint going to stop.
If this month's fairly solid support level of $7.60 is cracked then the bears are in control, and the sp could easily drop to $7 before Christmas.
If I was holding, which I know longer am, I'd be getting out soon after the next bounce off 7.60 (I'm guessing that this time it won't go higher than about 7.85 before falling away again - that's how I'm reading the chart...but like I say it's just a guess).
BC
Market sentiment will never cease to amaze me. The reason for RYM's high PE Ratio is its certainty and predictability. i.e. You can count on it.
I was surprised with 22%. It was more than I was expecting, but not by much, I was expecting 20% and that in my view is a very good result, and I would have also been surprised too if it was any less than 15%.
So HS, your question is an excellent one. Just what were people expecting?... or is this a coincidental big-holder sell-off for some reason? By selling now, one foregoes the dividend that would be paid in about 3 weeks from now, so you can effectively add another 5 cents to drop in share price.
Are there overseas entities for instance that do not want a dividend for some reason (ie to avoid scrutiny or tax)? or has a big seller just sparked a herd mentality for a while? Will still be very interesting to see what happens next week.