Should see some upwards action today!
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Should see some upwards action today!
Excellent news. Jumped on the bandwagon yesterday after doing some numbers plus the research provided by senior memebers on here, this looks like a very firm investment to add to my portfolio :)
I like this quote from Norah:
“In our experience, many of the people moving into retirement villages are down-sizing from three and four bedroom family homes. I believe this will play a part in assisting Auckland’s housing shortage and fulfil the council’s goal of ensuring all Aucklanders are living in secure, healthy homes they can afford.”
It’s entirely in keeping with my theory that the NZ housing market will stall and go backwards when all those baby boomers start selling up over the next few years. Best dump those rentals and buy some SUM.
Getting into the Agecare sector with SUM and MET. Bottom drawer stuff. Ready to be open when I retire at 55 ;)
Ah wonderful news! Good on Norah Barlow and the team :)
3.3 breached.. here we go
Good to see. Interesting that the number of buyers and sellers appear less today. I wonder if the big fish are finally settling after the Quadrant sell-down.
Bought medium parcel of SUM at 3.30 without much research. But generally looking for a long time frame with this one especially with a dividend reinvestment plan in place.
I think the Quadrant sell-down has been hanging over this stock and underpricing it for a while now, it really needed to happen and for the stock to get some distance on that looooong 2.90-3.10 value period. So looking pretty rosey for this stock at least up to 3.70-3.80 to comply with the true value proposed by many. A way to go yet....
Disc: sold out to buy PEB but will get back in shortly!
Learned from previous mistakes and backed up the truck and filled it up BEFORE talking about it this time.
Fact is this company is growing ar a far quicker pace than RYM and has a substaintial pipeline of new developments to underpin that growth over the forseeable future.
Combine real earnings growth of ~50% with the prospect of it continuing due to bringing in all the construction process in-house and this company on a 2014 forward PE looks very, very cheap in view of the strong tailwinds prevailing in this sector.
Why own a stock growing @ circa 15-18% (RYM which may well incurr a growth hiccup in Aust), when you can own one on a cheaper forward PE growing at circa 3 times that rate and without the risk of Australian expansion !!
Factor in Quandrants exit, (which was a necessary step before I jumped in boots and all) and a significant number of new institutional shareholders, who all want the same thing, SP growth, along with a solid clearly defined project pipeline and you have a recipe for outstanding share price appreciation in 2014 in my opinion. My #1 pick for 2014. Disc, sold all Ryman.