but he kicks them to the kerb unless they look like Mick Jagger.
(which for those who don't know is a line from a song called Tik Tokby Ke$ha.)https://youtu.be/iP6XpLQM2Cs
Attachment 11453
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but he kicks them to the kerb unless they look like Mick Jagger.
(which for those who don't know is a line from a song called Tik Tokby Ke$ha.)https://youtu.be/iP6XpLQM2Cs
Attachment 11453
Just finished reading a recently issued report by one of the major broking houses in Australasia on NZ's Retirement Village sector.
Nothing really new which have not been discussed and debated ad nauseam here in the Meet, Sum & Oca threads.
Nevertheless, a few key points to note from the report (report goes to their institutional & international client base so bound to have some influence) :
1. Demographics trend continue to provide strong tailwind for long term performance of the sector, population of 75+ to double over next 10 years (250,000 more), and
2. Short term headwinds of increased costs and lower unit resales to adversely impact on profits in 2020/21.
Sensitivities:
1. Increased costs in order of biggest impact - OCA, ARV, RYM, SUM & MET
2. Devaluation of asset values when gearing hits 50% (trigger point for debt concerns) - RYM (14%), SUM (15%), OCA (25%), ARV (26%) & MET (38%).
3. Most highly geared so likely to require capital raising - RYM (40%), SUM (33%), OCA (31%), ARV (27%) & MET (16%).
Heard on the radio today, Kenepuru stage 1 sold out, taking preorders for stage 2. Development continues.
I value your barking very very much, Beagle. imo, you have been very transparent with your holdings and always give substantial analysis to back your opinions.
p.s. just a newbie showing support :t_up: I'm very clear that I'm still fully responsible for my investing decisions
Milford Funds' buying now takes their holding over the 5% mark.
http://nzx-prod-s7fsd7f98s.s3-websit...758/322087.pdf
Reversion to the mean more often wins out over emotion etc
Whatever 18% pa share price gains for each over 10 years is pretty good
I wish the legend who came up with that gold standard 50% relativity theory would come back. I miss him :(