Your $1m inheritance is locked for 10 years in one company, which one ?

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Originally Posted by 777

Longest share I have held is KIP/KPG 31/3/1997 (22+years)
Bought 18,000@1.10 Cost $19,840.
Value now $28,922
Total dividends received $27,528.

A few cash issues along the way with them.

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Equating to <5% annually on a compounding basis??

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Originally Posted by Sideshow Bob

Equating to <5% annually on a compounding basis??

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That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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LOL. I can take it. He could be upset knowing how many I actually hold.

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Originally Posted by Sideshow Bob

Equating to <5% annually on a compounding basis??

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But $92000 (or an extra 44k approx.) if dividends reinvested annually at an equal rate. And Allah alone knows what if reinvested on receipt. (quarterly)

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Originally Posted by fungus pudding

But $92000 (or an extra 44k approx.) if dividends reinvested annually at an equal rate. And Allah alone knows what if reinvested on receipt. (quarterly)

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Actually it works out at 4.87% (7.27% gross) with the reinvestment.

Not my best investment but a long way from my worse ones.

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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Apologies I wasn't trying to be mean-spirited. Just trying to gain a little more understanding.

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Originally Posted by Baa_Baa

That's a bit mean spirited, if you were offered 5% compounding (linear) for 22 years, right now, would you take it?

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But today a 6 month term deposit might be 3%? Back then was about 7-8% - so completely different environments.....

Regardless right now could go buy Argosy at 4.61% yield, and even KPG is 4.32% (after tax).

I am 63, retired. bought AIA, CEN and MEL since listed. Never sold any of them.

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Originally Posted by Sideshow Bob

But today a 6 month term deposit might be 3%? Back then was about 7-8% - so completely different environments.....

Regardless right now could go buy Argosy at 4.61% yield, and even KPG is 4.32% (after tax).

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I have all the property companies Bob, so I am covered.

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Originally Posted by Apathy

Hey Percy - can we get an update please?

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Big day today........$3,000,000 as PAZ hit 21 cents.Our buy price was 7 cents.

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Originally Posted by percy

Big day today........$3,000,000 as PAZ hit 21 cents.Our buy price was 7 cents.

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Well done picking this one when you did Percy :)

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Originally Posted by percy

PLX..I was the highest bidder for two days at 18 cents.They traded at 19 cents.I never brought any.!!..Another big mistake..lol
Always opportunities.

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I bought some 18.2 to 19.5 probably around the same time. Feeling equally ill that I sold them for .24 because the market started to turn and I wanted to pull some profit out prior to last Christmas. :confused:

However they got here I wish I'd stuck with them a bit longer! Instead I have to go and kick some other dogs and see if I can a return off them.

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Originally Posted by Timesurfer

I bought some 18.2 to 19.5 probably around the same time. Feeling equally ill that I sold them for .24 because the market started to turn and I wanted to pull some profit out prior to last Christmas. :confused:

However they got here I wish I'd stuck with them a bit longer! Instead I have to go and kick some other dogs and see if I can a return off them.

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The market can be hard...
My luckiest was when I brought an Aussie company called Longreach in the morning ,and in the afternoon a takeover was announced.!

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Originally Posted by Jim

I am 63, retired. bought AIA, CEN and MEL since listed. Never sold any of them.

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Thats the secret with solid shares Jim (and property) , hold longterm. Can you share your gains on these shares s/p wise to keep it simple?

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Originally Posted by Joshuatree

Thats the secret with solid shares Jim (and property) , hold longterm. Can you share your gains on these shares s/p wise to keep it simple?

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Sounds like he purchased at list , So gains the Full Monty ...

Whoops yeah, looks like we have a winner.:t_up:

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Originally Posted by percy

Above posted 23-06-2018.
PAZ share price at that date was 7 cents.
So in 11 months the $1mil inheritance has grown to $2mil.
I guess in another 11 months to 1 years time it will be $4 mil.
And that is what is known as "well positioned".

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Above posted 25-5-2019
6 months later the inheritance is now worth [ PAZ at 26 cents] a total of $3,714,285 and remains "well positioned".

I have had other thoughts at other times :lol: but what a wonderful thread this has turned out to be. :t_up:

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Originally Posted by Beagle

I have had other thoughts at other times :lol: but what a wonderful thread this has turned out to be. :t_up:

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Too flashy for me. Lol

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Originally Posted by percy

Above posted 25-5-2019
6 months later the inheritance is now worth [ PAZ at 26 cents] a total of $3,714,285 and remains "well positioned".

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Might struggle to ditch them all at that price though

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Originally Posted by peat

Might struggle to ditch them all at that price though

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With another 8 years to run ?
Looks as though the inheritance is going to build up to between $20 and $40 mil.

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Originally Posted by percy

With another 8 years to run ?
Looks as though the inheritance is going to build up to between $20 and $40 mil.

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Percy , the families favourite uncle !!!!!!!

With PAZ hitting 28cents today the inheritance has hit $4 mil.!!

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Originally Posted by percy

With PAZ hitting 28cents today the inheritance has hit $4 mil.!!

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:eek2: Well done Percy, what a wee ripper! Very pleased for you, congrats on being very very very well positioned! :D

This inheritance was fictitious!, and started by Beagle, though percy does have some invested and is well positioned

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Originally Posted by Jay

This inheritance was fictitious!, and started by Beagle, though percy does have some invested and is well positioned

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Yes I assume most of us following this thread know this is just a hypothetical investment but its fun to acknowledge Percys hypothetical pick has been very successful so far. Just so happens Percy is not the only one in real life that is well positioned, Mr Beagle and the Handsome Bear are on board this one as well. :D

Shame I'm not!:(

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Originally Posted by percy

Big day today........$3,000,000 as PAZ hit 21 cents.Our buy price was 7 cents.

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Above posted 08-07-2019 ..11 months ago.
Well the inheritance has been increasing by $101,190 per week since then.ie over one hundred thousand dollars per week.
[Taken it is 48 weeks since the above post.]
With PAZ trading at 55 cps today,our $1mil inheritance is now worth $7,857,142.
Wonder when it will hit $10 mil.? This year or next year.?

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Originally Posted by percy

Above posted 08-07-2019 ..11 months ago.
Well the inheritance has been increasing by $101,190 per week since then.ie over one hundred thousand dollars per week.

With PAZ trading at 55 cps today,our $1mil inheritance is now worth $7,857,142.
Wonder when it will hit $10 mil.? This year or next year.?

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Sincere congratulations Percy. Even if your actual investment was less than $1 mill, I'm sure you have done well. Enjoy!

Yes well done Percy and thanks for bringing this wee gem to our attention :)

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Originally Posted by Left field

Sincere congratulations Percy. Even if your actual investment was less than $1 mill, I'm sure you have done well. Enjoy!

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Fictitious portfolio unfortunately...lol.

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Originally Posted by percy

Fictitious portfolio unfortunately...lol.

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Appreciate that, but I understood you still held/hold a few? You were certainly calling this a long time ago and as a result I took a long hard look but decided... nnnoooo much to my regret!! Stella returns for holders.

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Originally Posted by Left field

Appreciate that, but I understood you still held/hold a few? You were certainly calling this a long time ago and as a result I took a long hard look but decided... nnnoooo much to my regret!! Stella returns for holders.

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Great gains for sure but it’s the lack of liquidity that will keep some folks from participating, hard to tell whether under or over priced when the illiquid market is set up to attract reluctant sellers to drip feed small parcels at ever increasing ask’s. Virtually impossible to buy in or get out of in volume, particularly quickly if one needs to. Best thing this company could do imo is move to the NZX and test their market value against the big money, could be a very big winner for early entrants, while also providing the liquidity for the first followers, before the late majority pile in. Imo

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Originally Posted by Left field

Appreciate that, but I understood you still held/hold a few? You were certainly calling this a long time ago and as a result I took a long hard look but decided... nnnoooo much to my regret!! Stella returns for holders.

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Yes I just kept buying them,and they are now by far our largest holding.
Fundamentals and prospects today are more compelling than ever.
The catalyst for non holders to buy, will most probably be in their first half result announcement of 7th August, which will include their trading update, and also their outlook statement.The outlook statement should be a cracker.

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Originally Posted by Baa_Baa

Great gains for sure but it’s the lack of liquidity that will keep some folks from participating, hard to tell whether under or over priced when the illiquid market is set up to attract reluctant sellers to drip feed small parcels at ever increasing ask’s. Virtually impossible to buy in or get out of in volume, particularly quickly if one needs to. Best thing this company could do imo is move to the NZX and test their market value against the big money, could be a very big winner for early entrants, while also providing the liquidity for the first followers, before the late majority pile in. Imo

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I think it is highly likely they will need to raise capital in the near future to fund the exceptional growth and in my view a NZX listing is likely to be done at the same time. Just a guess of course !

PAZ is not a stock for traders.
Only suitable for long term investors.

ps.In the past 9 or 10 years I have only ever brought PAZ shares,.Never sold any.Why would I.?,,lol,

From my post #4 PAZ thread posted 23/4/2011
A word of warning.The unlisted companies are thinly traded.Brokers do not follow them.You are on your own.Uncharted territory.More risk,but possibly more rewards.

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Originally Posted by percy

PAZ is not a stock for traders.
Only suitable for long term investors.

ps.In the past 9 or 10 years I have only ever brought PAZ shares,.Never sold any.Why would I.?,,lol,

From my post #4 PAZ thread posted 23/4/2011
A word of warning.The unlisted companies are thinly traded.Brokers do not follow them.You are on your own.Uncharted territory.More risk,but possibly more rewards.

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percy, u hold 7 or 8 figures ?

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Originally Posted by whatsup

percy, u hold 7 or 8 figures ?

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7 figures .


I brought 80,000 at 3.5cents on Thursday, ...........again from my post #4 on PAZ thread dated 23/4/2011.So have brought a lot since.Really loaded up when they had a capital raise at 7 cents.

Thanks Percy, Iceman and Baa Baa, good comments. The unlisted/hard to trade nature was what put me off when I looked at it. However I can recall reading the list of shareholders which seemed to be a veritable Who's Who of Southern Investors (and a few old mates)!!

Lots of good people 'well positioned' including Percy. ( Note to self - put 7 Aug in Diary!)

Arguably THE most controversial thread I ever started with some real roller coaster consequences but crikey am I pleased I did !
PAZ a very good company with very strong growth propsects. Thank you Percy.

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Originally Posted by Beagle

Arguably THE most controversial thread I ever started with some real roller coaster consequences but crikey am I pleased I did !
PAZ a very good company with very strong growth propsects. Thank you Percy.

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Well we are nearly 4 years on and our $1mil locked into PAZ is currently worth $8.71 mil.
Way we are travelling I expect it will be worth nearly $25mil at the end of the 10 years.
However with their two new fantastic state of the art factories due to come on stream in the next year or 2 who would know.
Adding fuel to the fire I note they have enough land at Rolleston to build even more production capacity.
Maybe our $1mil may grow to between $30mil and $40mil.Thank goodness it is locked away for another 6 years.
"Well positioned,."...lol

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Originally Posted by percy

Well we are nearly 4 years on and our $1mil locked into PAZ is currently worth $8.71 mil.
Way we are travelling I expect it will be worth nearly $25mil at the end of the 10 years.
However with their two new fantastic state of the art factories due to come on stream in the next year or 2 who would know.
Adding fuel to the fire I note they have enough land at Rolleston to build even more production capacity.
Maybe our $1mil may grow to between $30mil and $40mil.Thank goodness it is locked away for another 6 years.
"Well positioned,."...lol

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Thats awesome Percy, you are indeed very well positioned :)

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Originally Posted by RupertBear

Thats awesome Percy, you are indeed very well positioned :)

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Pity in real life I did not have a spare $1mil to lock up for 10 years.
However I did invest far more than was prudent.!..lol

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Originally Posted by Beagle

Arguably THE most controversial thread I ever started with some real roller coaster consequences but crikey am I pleased I did !
PAZ a very good company with very strong growth propsects. Thank you Percy.

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A LOT has changed since that post nearly 2 years ago In June 2020. They have certainly been on a baptism of fire journey with their growth aspirations and its not over yet by any means. PAZ face a gargantuan sized challenge immediately ahead trying to find the manpower to run all their new plant and machinery when they're already 20% short and don't appear able to solve their existing staff crisis issues. Trying to solve that massive problem probably has major implications for pay rates and consequently quite serious flow on effects to the profitability of the company in the future. Its acts like a huge handbrake on earnings growth. We've all seen how the rapidly escalating pay rates for companies like OCA has really sucked the life out of earnings growth for them. One problem child in my portfolio is more than enough for me lol

$1m today invested in HGH will give investors a gross yield of (my estimate) 8.4% in FY23 ($84,000 per annum gross income) and they have a well proven and long track record of steadily growing earnings and dividends so it won't be long until that million generates $100,000 annual income !
The perfect stock, (trading on compelling metrics in the early teens PE), for those looking for growth and high level's of income that continue growing.

What was the point of starting the tread?

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Originally Posted by percy

What was the point of starting the tread?

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Boredom...

The point was where would you put $1m for 10 years and Percy is saying the PAZ short term hurdles don’t matter with a 10 year investment time horizon

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Originally Posted by couta1

Boredom...

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not as boring as your great contribution

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Originally Posted by blackie

not as boring as your great contribution

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Been too busy with the grandkids and out catching snapper, what's your excuse for your 39 posts?

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Originally Posted by Rawz

The point was where would you put $1m for 10 years and Percy is saying the PAZ short term hurdles don’t matter with a 10 year investment time horizon

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Exactly.............
Although the $1mil has already grown to $8.71 mil in just 4 years.

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Originally Posted by couta1

Been too busy with the grandkids and out catching snapper, what's your excuse for your 39 posts?

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you are an antagonist, so I thought I would just call you out.
not much of a fishing trip was it 3.57pm to 4.17 pm

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Originally Posted by blackie

you are an antagonist, so I thought I would just call you out.
not much of a fishing trip was it 3.57pm to 4.17 pm

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Antagonism has a purpose and is fitting at certain times and occasions. Actually caught 20 snapper between the 2 of us so you can't do much better than that without breaking the law.

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Originally Posted by couta1

Antagonism has a purpose and is fitting at certain times and occasions. Actually caught 20 snapper between the 2 of us so you can't do much better than that without breaking the law.

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The daily limit is currently seven.

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Originally Posted by davflaws

The daily limit is currently seven.

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Depends on the area, its 10 per person/27cm where I am otherwise it's 7 per person/30cm.

What a great thread...kiwis are great at making the stuff...but ..in my opinion...hopeless at keeping it.

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Originally Posted by Beagle

A LOT has changed since that post nearly 2 years ago In June 2020. They have certainly been on a baptism of fire journey with their growth aspirations and its not over yet by any means. XXX face a gargantuan sized challenge immediately ahead trying to find the manpower to run all their new plant and machinery when they're already 20% short and don't appear able to solve their existing staff crisis issues. Trying to solve that massive problem probably has major implications for pay rates and consequently quite serious flow on effects to the profitability of the company in the future. Its acts like a huge handbrake on earnings growth. We've all seen how the rapidly escalating pay rates for companies like OCA has really sucked the life out of earnings growth for them. One problem child in my portfolio is more than enough for me lol

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You could be describing just about any company in NZ at the moment and with our stupid border rules continuing, the hurt will continue to be magnified. Absolutely crazy !
But like Percy said, this is 4 years old and he's just updating, not starting now ! In the scheme of things, PAZ's current issues are indeed slowing things down but will be just a small dot in history looking back, for those with enough patience :-)
Happy Easter all.

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Originally Posted by percy

Fictitious portfolio unfortunately...lol.

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The complete paucity of liquidity means you could never have invested $1m four years ago, (even if you had that much spare investable funds back then), without radically affecting the price so that invalidates your theoretical conceptual percentage gains. The point of this thread was to identify which companies you can totally trust as a safe investment for a decade that you really could have invested $1m in. To do that you need $1m in cash and the liquidity to create a position without dramatically affecting the share price. PAZ has never had the liquidity to do that. Few, if anyone, took the intent of the thread seriously which is why quite some time back I tried to cancel this thread twice.

I'll leave others to work out for themselves why you dug up this very old thread. Its seems obvious to me.

What you suggest is true Iceman but the risks should be crystal clear for any company currently trying to double their workforce. My contention is that labour shortages are chronic, will be severely enduring and there are real implications for serious ongoing pay rate increases and serious implications for future eps growth. Each to their own, I'd rather invest in a reliable GARP, (growth at a reasonable price) stock that's going to give me reliable growth and income as well as decent liquidity.

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Originally Posted by Beagle

The complete paucity of liquidity means you could never have invested $1m four years ago without radically affecting the price so that invalidates your theoretical conceptual percentage gains. The point of this thread was to identify which companies you can totally trust as a safe investment for a decade that you really could have invested $1m in. Few, if anyone, took the intent seriously which is why quite some time back I tried to cancel this thread twice.

I'll leave others to work out for themselves why you dug up this very old thread. Its seems very obvious to me.

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Yes under $1mil,yet a very considerable amount.
Others did manage to buy between 500,000 and just over 6mil shares at the 7 cents level.[I bought somewhere in between.]
Liquidity on Unlisted has been surprisingly good.I also managed to build a substantial holding in SFF for both myself and my wife in under 18 months.
Both PAZ and SFF are held in our long term portfolios.
My point is no matter where a company is listed, so long as you do your research and buy for the long term you will do well.
A case in point I held Ebos for 27 years.
So far my PAZ and SFF holdings have been incredibly successful.
We also hold GNE,HGH,and SPK in our long term portfolios,and have added SEK this year.
All the above holdings I expect we will be holding in 10 years time.
I saw the point of this thread clearly,so acted accordingly.
I have never had cause to change my mind .

ps.I look forward to posting on this thread in a year or two's time...loli

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Originally Posted by percy

ps.I look forward to posting on this thread in a year or two's time...loli

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I can't wait that long lol

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Originally Posted by Beagle

Maybe a change of title to the thread is appropriate then lol...better not suggest a different name, that might not be politically correct.

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Think we would all laugh at you and say:
"no surprises ,he has changed his mind yet again."

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Originally Posted by Beagle

I can't wait that long lol

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"No surprises here."......................lol.

Its certainly been a very interesting and very revealing thread. I'll leave it at that but I am sure some others won't lol.

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Originally Posted by Beagle

Its certainly been a very interesting and very revealing thread. I'll leave it at that but I am sure some others won't lol.

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Now that is a surprise....lol.

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Originally Posted by Beagle

My contention is that labour shortages are chronic, will be severely enduring and there are real implications for serious ongoing pay rate increases and serious implications for future eps growth.

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I agree with the labour shortage 100% and almost agree with EPS comment. I can't speak for the other regions but getting good employees in Hawkes Bay is difficult at the moment. Wage rates are increasing just to hang onto existing staff. But this increase in costs is being offset by price increases.

From SFF recent newsletter.
This week we welcomed back 15 staff members from Samoa. Our challenges accessing skilled labour are well known and going into this wave of Omicron we were around 550 workers short across our site network.
From a recent Seeka newsletter.
RSE’s are now starting to arrive in good numbers – the “Charge of the RSE Brigade”.

Yes a very serious shortage of workers through out the country..
In the meat industry they are having to get numbers off farms, so it is a case of quantity rather than quality cuts,whch in turn lowers the amount of export revenue NZ earns.

I’d blow it all on lotto tickets

Think of all the thousands I’d win. And free bonus tickets for years and years to come.

I really should be a financial planner.

If you want more top tips on how to destroy your wealth feel free to PM me.

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Originally Posted by Fiordland Moose

I’d blow it all on lotto tickets

Think of all the thousands I’d win. And free bonus tickets for years and years to come.

I really should be a financial planner.

If you want more top tips on how to destroy your wealth feel free to PM me.

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Knew a chap years ago who decided to "invest " his weekly retirement funds in Tatts lottery tickets.
Long and short of the story:he is still working,while all his friends are comfortably retired.

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Originally Posted by Beagle

Compound interest has been described as the eighth wonder of the world.
For the benefit of the young ones and those of us getting on a little but still with time to make a serious difference to the level of comfort in our retirement if you can find an investment that will grow earnings or give you a net return after tax of 10% per annum and you reinvest all proceeds after 10 years that $1m will become $2.59m, after 15 years $4.17m and after 20 years $6.73m.

Warren Buffet reckons you only need a few good idea's to get really rich and I think he's right because after 30 years that $1m compounded at 10% per annum gives $17.5m.

No question the tax working group currently contemplating options presents as a regulatory risk but whatever they regulate could just as easily be overturned by a more business friendly government. Currently a net 44% of business's think business conditions will deteriorate, a shocking statistic not seen since the depths of the GFC.

There's been some really good idea's put forward in this thread. Companies including among others like Port of Tauranga, Fisher and Paykel Healthcare, Infratil, Frieghtways, Mainfrieght all make a good case for themselves in my opinion.

My pick however is Ryman. The best guide to the future in my opinion is the past and Rym have built a stellar reputation for consistent growth but perhaps even more than that they have built a stellar reputation for being the brand of choice and as we head into the tsunami of baby boomers looking for a comfortable place to spend their latter years its the brand value of Rym that sets it apart in my view. In deciding on Rym I excluded all companies that haven't been listed for at least 10 years. Rym listed in 1999 at $1.35 if my memory serves me correctly. They closed the week at $12 and had a five for one share split a number of years ago so adjusted this is $ 60. 44.5 times your money in 19 years.

No doubt there's many other fine alternatives so no right or wrong answers but to my way of thinking its a classic bottom drawer buy and forget about it kind of stock. I've been pontificating about whether its worth $12 or only $11 based on my observed long term average PE. It won't matter 10 or 20 years from now will it :)

SUM other stocks enjoy the same tax efficient model and are off to a good start in building wealth for their shareholders too. I think the business model as it currently stands for these companies and the demographics make for a compelling investment case.

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Buffett. Tt.

I couldn't leave any money in a communist dictatorship for a decade. God knows what could happen.

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Originally Posted by SailorRob

Buffett. Tt.

I couldn't leave any money in a communist dictatorship for a decade. God knows what could happen.

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Did you manage to sell your Russian holdings.?

I'd choose Auckland Airport.

Either that or spend it at the bar.

https://rmarine.nz/models/395-suv/ An investment in fun and good times.

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Originally Posted by percy

Did you manage to sell your Russian holdings.?

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Speaking of leaving money in a dictatorship for 10 years! No currently unable to liquidate. Both the official and on street in Moscow exchange rate is better than when I bought and Sberbank share price has recovered on the MOEX but with restricted selling its probably not a real price. So I might find out the answer to my own question.

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Originally Posted by SailorRob

Speaking of leaving money in a dictatorship for 10 years! No currently unable to liquidate. Both the official and on street in Moscow exchange rate is better than when I bought and Sberbank share price has recovered on the MOEX but with restricted selling its probably not a real price. So I might find out the answer to my own question.

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After having a wine I found your reply rather funny...........Sorry if I should not have.!!!

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Originally Posted by Beagle

https://rmarine.nz/models/395-suv/ An investment in fun and good times.

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Your most sensible post in a long time.......................
Well today any way....lol

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Originally Posted by Beagle

https://rmarine.nz/models/395-suv/ An investment in fun and good times.

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I'll go with the "fun and good times" (if you actually go to sea) but investment???

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Originally Posted by davflaws

I'll go with the "fun and good times" (if you actually go to sea) but investment???

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https://boattest.com/article/future-...ource=hs_email Cost of a new one is only going to go one way.

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Originally Posted by Beagle

https://boattest.com/article/future-...ource=hs_email Cost of a new one is only going to go one way.

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True - but would you accept that as justification for one of your clients calling the purchase of a flash boat "an investment?

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Originally Posted by davflaws

True - but would you accept that as justification for one of your clients calling the purchase of a flash boat "an investment?

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Depends how you define investment. People buy Art, holiday homes, classic vehicles and so on that they don't use much and hope they go up. Our last boat held its value really well from new and we had awesome fun over the years on it and enjoyed it heaps. You could argue that many happy times with friends and family while the kids were young is the greatest dividend of all. I don't regret one minute of it. My policy has always been that you should enjoy some of the spoils of your hard work and investment along the way. Go figure why some people just think the accumulation of money is a goal unto itself and they have no clear plan on how they will ever enjoy their wealth ? What's the point of being the richest person in a secure lock up unit in a dementia ward ?

All absolutely true - and if you check back over this and other threads you will see that I have consistently advised you to go to sea or go fishing when you have been feeling down.

And I have just arranged to have a power winch with remote fitted to my trailer so that I can launch and retrieve my dory on my own and extend its "useful life" a bit further into my dotage.

But that's a different usage of the term "investment" from the criteria you normally advocate so elegantly and eloquently. Enjoy!

Yes I have appreciated your encouragement and enthusiasm for all things nautical, thank you. Unfortunately the first available production slot on that Riviera 395 is not available until December 2024.

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Originally Posted by Beagle

Yes I have appreciated your encouragement and enthusiasm for all things nautical, thank you. Unfortunately the first available production slot on that Riviera 395 is not available until December 2024.

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Plenty of developers boats to come on the market before then beagle :ohmy:

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Originally Posted by stoploss

Plenty of developers boats to come on the market before then beagle :ohmy:

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Thanks, I agree 100%. I think there's a lot of people that will have to sell their toys in the foreseeable future ! The current grossly over inflated market for all sorts of lifestyle assets like classic cars, campervans, holiday homes and boats looks really vulnerable to a big fall.

Quote:

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Originally Posted by Beagle

https://rmarine.nz/models/395-suv/ An investment in fun and good times.

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It looks like an Exocet! A bit different from the Parkercraft (similar to this one https://www.boats.co.nz/parker-craft-dinghy/2104) I was invited on at Easter...

Edit: We had an enjoyable time tootling close to the lake shore.