Comp Props holding under a lot of pressure from the spiking 10 years today.
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Comp Props holding under a lot of pressure from the spiking 10 years today.
$1.155. unbelieve price.
NTA (based on last years reval) was $1.29.
11% gain on the table just to square up the ledger.
NTA soon to be in the low $1.30s on next valuation.
There was always going to be an adjustment until the market settles and that could take a year or 2.
When rates settle back to 1.9 and a bit above and dividends start to power away prices should move up for some comp props...
Some will slowly decline. This one should move up but its anyone guess when.
good demand today across the COM Props .. we were waiting for 213 on GMT and nothing..
good demand on this stock today shows that even with rate on the rise demand for good retail and commercial property stocks is still holding on the NZX.
GMT would have been a good trade today.
Retail & Office assets are currently changing value on much more immediate concerns such as Covid lockdown likelihood. We are in the homestretch of the ever shrinking possible lockdown window, with vaccinations rolling out the threat of lockdowns impacting retail and office operations will soon be a thing of the past - after which assets should return to their appropriate long term valuations.
Edit to add: Friday trade saw the late afternoon announcement of Auckland coming out of level 3, and rest of country coming out of level 2, and hence KPG bounced on that news.
Laser kiwi eye,
You owe the Tesla thread an explanation
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