Starting?
Looks like the number of sales has been declining for the last four years
Not my fault no labels on x-axis ...REINZ dont think them necessary
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Thanks for the link.
So.. Underlying eps for 2018 was 43.7 cps
Average broker forecast for FY19 47.58 cps (growth 9%) - Forward PE 12
Average broker forecast for FY20 54.05 cps (growth 14%).
So.....after 7 years of vastly stronger (more than double) underlying earnings growth than RYM, forecast average growth is declining to RYM level's but SUM trades on ~ half the forward PE. SUM things continue to be nonsensical. Maybe after they have a full decade of growth SUM people will wake up and smell the coffee.
Obviously the "world is ending" in this so called cooling property market lol.
In many ways (economically at least) Auckland follows the rest of the country (often not a leading indicator). Theory goes that it takes a while for the real money in NZ (generated from the land eh c) to filter through to Auckland
Aucklanders are so up themselves they can’t see that. They hardly manufacture / make anything and essentially is the most unproductive part of the country. The Auckland economy is driven by services (like making coffee and hamburgers for other Aucklanders and spending time down the casino) and that is only after they have wasted hours sitting in traffic jams.
Jeez but they think they are the centre of the universe but don’t realise they only account for about 30% of the country’s economic activity. Never mind let them live in the dream world.
Amazing - if the SP keeps rocketing up with the current velocity (SP $5.80 as I type), we might be back at a $6 handle next week (or later today ;));
Just looked through the last handful of pages on this thread - and there are a lot of really negative and fear mongering posts (I won't call names) accompanying the recent spike downwards. Some read like doomsday is nigh.
Just wondering whether the people who sold out at or slightly above $5.50 are still happy with their decision? Did the fear mongering on threads like this have anything to do with their decision?
For all of us (but particularly for any newbies) an outstanding lesson to take anything said here with a ton of salt ... and yes, while all of us make mistakes - some are particularly good in turning any market jitter into a share market crash!
Ah yes - and obviously the famous Buffett saying "Be greedy when others are fearful" still applies.
Obviously (for the traders amongst us) the current uptrend still might turn into a "dead cat bounce", but for investors I think the fundamentals look pretty convincing at the current price.
Discl: happy holder;