Originally Posted by
Maverick
I've been very open with my high expectations on the upcoming 1HY underlying result. According to my calcs, this result was going to be significant as was going to be the first -easy to read- proof of OCAs model finally cranking into action. All the ducks WERE lined up.
Well bad news folks, after some recalculating I have to now downgrade that to just being another benign/flat upcoming result. The kind we have had for 3 years now. Basically their new delivery in Tamaki Makaurau (Eden was going to deliver 49 apartments this HY) being on hold for at least 5 weeks and a few extra Covid costs, will have a material effect on the result. Beagle indicated this a while ago that this might happen but I was hanging onto you guys going to L3 sooner than this.
There is reasonable “ hope” that the gang buster sales and improving price points prior to L4, or even an early delivery date of Eden, may save the day but that is leaving the world of facts that we do know over to crossing fingers.
The delays and covid costs will be of no long term consequence for those of us here who are settled in but I just want to be transparent here of my lowered expectations as I've been quite vocal on this particular HY1 result.