Tax changes are driving the rise in todays SP
APT up 3
CHP up 4
ING up 5
MGP up 6
KIP up 7
PFI up 3
Any other opinions?
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Tax changes are driving the rise in todays SP
APT up 3
CHP up 4
ING up 5
MGP up 6
KIP up 7
PFI up 3
Any other opinions?
There doesn't seem to be any other explanation, rmb. Traditionally these stocks have generally traded at prices below NAV. Suddenly they've become growth stocks as well as yield plays. :)
The rises continue. Currently APT is up 4c for the day, ING +5. KIP +7, MGP +5, PFI +7.
Since Friday's close the rises to date are APT 7.07%, ING 5.17%, KIP 2.18%, MGP 7.81%, PFI 6.67%.
What about APT's acquisition of the AXA tower?Quote:
quote:There doesn't seem to be any other explanation, rmb.
Don't you just luv it when a plan comes together !!
That's obviously boosted APT but it doesn't explain the strength in the entire sector. It's mainly the tax changes plus all-round strength in the commercial/industrial property market.Quote:
quote:What about APT's acquisition of the AXA tower?
Re-read nelehdine's analysis above.
But how about FBU? Closed today at 1080 [^] Now my biggest holding[8D] even after taking some profit @ 1005. Mainly due to takeover speculation, I imagine. I'm not asking why; just enjoying the ride.
Another record close on PFI Lawso ... $1.48 !! Awesome !!. APT not doing badly either at $1.23. With my heavy exposure in Australia to the U boom ( specifically via CMR and AGS ) I am like a pig in you know what at present !!
Haha Nelehdine - that is going to be one Happy Christmas for you then!
Always enjoy your posts btw. (Being one of those odd people who diversify into property trusts and blue chips as well as the speccy growth stocks)
Liz
Cheers Lizard ... yep 2006 is going to go down as easily my best ever year. Have made 1/2 doz really awesome trades this year and only 1 real clanger ... with that sort of hit ratio and $350,000 in the market at 01.01.06 I can safely say I have a big smile on my face !!
PS ; Buy yourself some U stocks if you aren't already exposed. U boom next year in gonna make Nasdaq 1997-2000 seem REALLY tame !!!
http://www.nzx.com/market/market_ann...pany?id=141554
So this means ING has a blocking stake in APT???
I think the ING stake will be reasonably passive. These property stocks provide excellent balance to a diversified portfolio and ING manage some serious $$$$ ... maybe they are just using APT to achieve a higher weighting. If you want to invest in NZ office space APT's portfolio is second to none and pretty irreplacable.
Disc: hold 116,656 APT's