Property market on fire
No wonder Kimgfish increased their holding
All good
https://www.nzherald.co.nz/business/...ectid=12356469
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Property market on fire
No wonder Kimgfish increased their holding
All good
https://www.nzherald.co.nz/business/...ectid=12356469
"Annually, national median prices rose 15 per cent from $575,000 last July to $660,000 last month".
Must admit, that is VERY STRONG.
Apparently SUM half year out today ...should be close to guidance
If they don’t report it I’ll work out what the RR-NUPPCA is
I reckon that profitability number will support a share price in the $8.00 to $8.50 range (esp seeing it be better than what OCA achieved)
From underlying profits, to development margins... alot of metrics things lower or the lowest even in 3 years... and possibly the first time in sum time that SUM's equity is down... although one thing that is noticeably up is the debt ratio now nearing 36%.
Not exactly a growth company these days it would appear...
https://www.nzx.com/announcements/358066
Julian got to get the facts right in his releases
Summerset CEO Julian Cook said the result was at the top end of market guidance provided in
early July which forecast underlying profit between NZ$40 million and NZ$45 million.
Surely $45.1 million BEAT guidance
Coronavirus has influenced valuations of one retirement giant's properties to such an extent that last year's gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly zero.
https://www.nzherald.co.nz/business/...ectid=12356985
Nice chart showing the resilience of the sector
Attachment 11856
Bad eh -- others to follow (esp that Arvida
For those who have bull on Ignore here's what he posted from the NZ Herald
Coronavirus has influenced valuations of one retirement giant's properties to such an extent that last year's gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly zero.