Thanks Percy.
A little confession, I sold out of these a while ago and really regretted it, but thankfully relaised the error of my ways and got back in last September at $3.99. Thank God I came to my senses and realised there's still heaps of value in the long term fundamentals supporting this sector.
I'm thinking the fact that people have started to realise that money in the bank is not the guilt edged security they thought it was may be supporting the market for the forseeable future.
But the advance in Ryman and Summerset is breath-taking... I'd like to see a bit of sideways movement for a while so I can save some money and get some more :) Demanding fundamentals now for both these stocks with huge PE ratio's but with an on-going booming housing market making it relativly easy for prospective new village entrants to sell their houses and forecast low interest rates for as far as the eye can possibly see, with the well reported favourable tailwinds for this sector, as long as one has a long term time horizon I still see value in these stocks especially given the paucity of other alternatives in terms of reputable growth companies in the N.Z. market.
Ride the uptrend for all its worth I reckon:t_up:
This stock is a true buy and stick in your bottom draw till you retire investment, how many other stocks can you say that about ?
Recent volume suggests this company could be a take-over target, I personally hope it isn't I'd rather own it indefinitly and pass the shares on to my kids.