not to much downside risk after that announcement, topping up at 1.22
Printable View
not to much downside risk after that announcement, topping up at 1.22
Upgraded forecast issued 12 March 5.5 to 5.6 per share
Actual 5.72 (5.15 ÷ 90pct), up to 4 pct higher than upgrade
SP lower now at 1.22 each vs 1.27 then
Not sure I can understand this market value
inflation fears reflected in the 10 year and more to come weighing on sectors SP's. Perhaps offering a yet again wonderful opportunity to buy a bargain in a country that is expected to under perform.
Ohinewai given go ahead for housing and sleephead factory. Maybe that disadvantages the need for extra drury housing. Nope I dont think so
Retail spending surge may see NZ avoid recession
https://www.nzherald.co.nz/business/...ectid=12445163
Says that we continued our post covid spending spree over the Summer months. If retail is hot, how about retail property??
Huntly , and other planned developments are by Perry on the Eastern side of the expressway.
Just shows the expansion all the way south to hamilton off the new motorway corridor.
The expressway south of tamahere went through some very wealthy farm land belonging to some of new zealand most prominent individuals.
Only anecdotal but in Chch the malls have plenty of boarded up units. South City for example I counted Five the other day. EB games gone, Michael hill gone, a shoe shop gone, couple of others gone. Either boarded up or turned into mini kids playground.
Barrington mall, all the banks closing their doors. Riccarton, busy as always, but a few empty units dotted about.
Retail landscape changing from lots of smaller malls to much larger 'destination' malls with more/better offerings.
The retailers are dropping out of smaller malls and beefing up their online presence to support the smaller store footprints (great for margins).
Lucky KPG own some of the best destination malls :t_up: