Yep I get excited every now and again when I look at the lovely Omega watch I’ve left on the dresser for many years ......especially when I look at 5.23 and say heck it still keeps good time
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House near me just sold in least than two weeks on the market.
Went past SUM's Avonhead development yesterday. Looking good. Thought the motorway noise might be an issue. But its not.
Nice short stroll down to Avonhead Mall for the supermarket, bookshop and hairdresser. 5 Minutes away from airport (for all the overseas adventures residents can still enjoy). 3 minutes away from motorway on ramps to head north or south.
It will be a great development
Thats a radical prediction sounding like fact. Using the c words.Sounds like a lemming mockumentary. Im GUESSING a minor drop this year. But then there is the global warming urgency starting to build, could impact capitalism somewhat; c words more pertinent there imo.
Global warming is not a problem for SUM (or OCA on Windermere for that matter) buyers in Christchurch. Our local council has declared a Climate Emergency and they are now well positioned to deal with the problem. All good in this neck of the woods - expecting property values to increase on the back of this comforting position taken by the Council
Um dont you mean climate change it's not all about warming some places are getting cooler. PS-I see the Aussies have given the middle finger to the over exuberant policies of the Labour Govt on climate change and aligned themselves with the Trumpet in their thinking ie Economy comes first.
Despite today's low interest rates I can't see house prices taking off again. There's a point at which repayments become unaffordable without higher incomes, slowing and eventually halting price rises. I don't see economic prospects supporting significantly higher wages and salaries.
Wonder if decline in sales would affect SUM nay their sales numbers are perfect ........
https://www.reinz.co.nz/Media/Defaul...ril%202019.pdf
Key Data Summary
Volume Sold Year-on-Year
Volume Sold Month-on-Month
Damn, below 5.50 she goes :ohmy: chart doesn't look great.
Had a very busy day and not even had time to look at RYM result in any depth at all. I see despite the very modest 12% increase in underlying profit, again undershooting their stated medium term target of 15% growth per annum, RYM at least in shareholders eyes can do no wrong and it gets to keep its market darling status despite growing considerably slower than SUM.
As a numbers man I believe eventually sentiment is less powerful than earnings and eventually the market will wake up to the numbers and growth SUM is generating and this old wives tale nonsense of it must trade at 40-60% of RYM will be confined to the annuals of folklore history where it belongs. I can't tell you which month or year this will happen, but if SUM keeps posting better growth numbers eventually the gap between the companies will close. I am in for the long haul with this one so as far as I am concerned whether this happens this decade or next it matters little to me other than it will happen as eventually the share price of all companies follows earnings per share.
Others will continue to cling to their theories on relative price and point to years of evidence to justify their opinion and that's fine.
I am not buying more and neither am I selling.
The thing is Beagle the Couta Theorum is iron clad and time proven, your hopes are not. PS - Is hope really a strategy.