KPG - Kiwi Property Group Limited

[LaserEyeKiwi]

One hopes the management understand there share price has gone nowhere in a decade and MR B's future predictions dont come to pass.

KPG from 2009-2019 had paid out 76c per share in dividends and increased the share price from 95c on April 1st 2009 to $1.48 on April 1st 2019 for a total return over that period of 136%. And that was despite the Christchurch & Wellington earthquakes causing significant costs to the business in terms of unexpected capex costs & lost income.

(The return from 2009 to 2019 would have been 156% if you had used the ATH share price from Sep 2019, but I use Apr 1st opening price for consistency as the start of the financial year)

Even looking at the most recent result: after Covid hammered the share price amid unfounded fears about retails future (and a one-off dividend cancellation) the returns from 2011 Apr 1st to 2021 Apr 1st period is 94%.

[Waltzing]

Ok you laser eyed computational investor...

Share price 2003 , 1.03, SP today 1.12.

This might be what MR B is Barking about?

[Rawz]

I used to be a believer in this stock. But sold out because of the woeful growth as Beagle and others pointed out.

Funny thing is i transferred sale proceeds mostly to OCA and they doing much worse lol

[LaserEyeKiwi]

Ok you laser eyed computational investor...

Share price 2003 , 1.03, SP today 1.12.

This might be what MR B is Barking about?

In a recent annual report KPG noted the annual return had averaged 9.2% since it listed. Most of that is from dividends of course, but thats what has undoubtedly has been the vast majority of the returns for shareholders rather than the share price.

[winner69]

Earnings result next week - I would say that would be the big move catalyst. Property revaluation and dividend confirmation inbound - could that lead to a break lower rather than than higher? Never say never I suppose. Bear in mind the stock price is already sitting well below the current $1.36 NTA per share value, and that NTA is likely heading higher next week.

Now 112 - close at that and that trading range is (if it ever existed) is no more

Next weeks announcement now has to be a 'bigger mover catalyst' than it was going to be

Heading to $1

[Rawz]

Now 112 - close at that and that trading range is (if it ever existed) is no more

Next weeks announcement now has to be a 'bigger mover catalyst' than it was going to be

Heading to $1

W69, you'd be a buyer at $1 ay? Pretty good value there

[winner69]

W69, you'd be a buyer at $1 ay? Pretty good value there

Nice round number --- often round numbers act as support / resistance

But if 5 year govt stock goes up more 90 cents on the cards

Survey of Expectations out 3pm today - that could be a good guide

[Waltzing]

W(N) , says a dollar.

Did that beat down MR B or did he not give a range.

Charting according to O Neil which was always a book at ones side taught one to draw the line under the bottom channel not the top. Although the charts from that era are incredibly complex. Lotus 123 1.0 with the French graphic addon was a pretty mean fast charting solution when it first came out. You had to get the Addon from france of course and i bought it back...to amsterdam.

[Beagle]

In a recent annual report KPG noted the annual return had averaged 9.2% since it listed. Most of that is from dividends of course, but thats what has undoubtedly has been the vast majority of the returns for shareholders rather than the share price.

I call complete B.S. on that.

Ok you laser eyed computational investor...

Share price 2003 , 1.03, SP today 1.12.

This might be what MR B is Barking about?

31 March 1994 the share price was $1.18.
https://www.rbnz.govt.nz/monetary-po...on-calculator/
To keep pace with general inflation (CPI) the share price according to the RBNZ inflation calculator should be $2.11 so in real inflation adjusted terms its ~ half what it was 27 years ago.

But wait there's a LOT more. How bad is that relative to say an investment in the housing market. House price gains since then off the same RBNZ calculator means anyone investing in housing has seen their $1.18 value climb to $7.89 !

KPG as a property stock has been a complete failure ! Sorry mate i don;t have price targets for uninvestable stocks.

[Waltzing]

It's bouncing .5 ...

some investors cry... but the pros just laugh...

trading range 1.10 to 1.23

when a stock continues to pay a DIV is not bankrupt.. but doesnt increase its NPAT or Div it can stay in a channel and then it moves from an investment stock to a trade as Guy Adami would say, its a range trade.