Originally Posted by
trader_jackson
Is it really that bad? It seems it was 'fairly valued' when listed, but I'm not sure if overpriced would be the word to use, with a gross dividend at about 6%, growth opportunities (naturally with retirement villages such as potential acquisitions and expansion of existing facilities) and a forecast PE ratio of about 16 for 2016 and 2017, it seems pretty 'cheap' compared to many NZX listed companies at the moment. Despite 2 "market updates" basically confirming everything is on tract/ok, the share price has continued to fall. So despite announcement nothing adverse and having seemingly good fundamentals, can anyone explain to me why the share price has fallen?