KPG - Kiwi Property Group Limited

[Baa_Baa]

Markets are getting nervous surprised GOLD is not a lot higher.

Gold is not really a factor in KPG, unless there's some physical stashed under the floorboards which is unlikely.

But excuse my indiscretion while I go a bit off piste on Gold, since you mentioned it.

Gold market is currently confused in fallback mode. Gold's global fiscal job for a long time was to balance the global balance sheet but it has failed at that for decades, due to paper gold (derivatives) issuance and manipulation (more paper Gold than physical gold) and the obscene global cash issuance (which is real money we all use) and currency constrained balance sheet distortions to ridiculous levels.

The easiest indicator is monetary supply which counters Golds ability to balance (which further compromises its role and therefore it's price), as Gold hasn't either the production or the cash inflows that equal (by a very long way) or exceed the reality of sovereign nations ability to endlessly extend monetary supply. That's because Gold, real Gold, is a physical thing limited in total stock and supply. It can never outrun profligate governments until some great reckoning, which the Gold bulls would love but the rest of the world haven't even given a thought to.

Recently though Gold reverted to its short term uncertainty mode as everyone is confused about global store of wealth. So it's acting like a currency, but not having sovereign links it's schizophrenic, note the difference in USD/Others upturn past couple of day, similar number went down. Gold went with the Up's.

So that's my theory on gold, thanks for the indulgence, which has nothing at all to do with buying commercial bricks and mortar which might be one of the very few sectors that don't get quite as badly hurt in a recession. Especially if they have a stash of Gold under the floorboards.

"Do not go gentle into that good night".

[Waltzing]

Actually GOLD is still used in technology today and its not likely to be completely replace by other metals in producing computing devices.

A lot of metals are currently becoming hard to source and prices are rising.

In high inflationary times commodities often out perform other sectors of the market.

In times of high risk such as a world war where trade grinds to a halt metals become even more valuable.

Its true silver and copper provide higher conductivity but can corrode.

Gold connectors on PCB's can handle high temperatures.

https://www.sciencedirect.com/scienc...59652620336428

https://www.specialtymetals.com/blog...d-they-contain


...GOLD A metal that not used anymore for anything? Your joking...


For example the China lock downs have hit demand for gold in technologies.


It used in almost every technology that uses a high end LED.

Every commercial property that wants to go green will have to use technology that was created using polluting processes and GOLD will have been used in that process.

[Habits]

What a flirty little shareprice, flirting with the single..

[Waltzing]

Going by pass performance it will at sometime perhaps start a very slow 6 year grind higher...

maybe....seems to peak once every 10 years...

a statistic eager beaver like winner(n) might even calculate the ODD's on it..

[Habits]

Soon you can live at the mall: Corporate landlord model coming to Auckland | Stuff.co.nz
https://i.stuff.co.nz/life-style/hom...ng-to-auckland

I do wonder if part of the appeal is bringing shoppers to retailers... win win for both parties and kiwi in the middle collecting lots of moola

[cyclist]

From the last paragraph of the article:

Last year the company made a net profit of $224 million, including $187m in rent from its commercial properties, and paid shareholders a dividend of $5.60 per share.

Looking forward to that $5.60 a share dividend! That should get the share price out of the doldrums.

[Waiuta]

From the last paragraph of the article:

Last year the company made a net profit of $224 million, including $187m in rent from its commercial properties, and paid shareholders a dividend of $5.60 per share.

Looking forward to that $5.60 a share dividend! That should get the share price out of the doldrums.

Certainly woke me up to. My portfolio is looking really healthy now!

[GTM 3442]

Soon you can live at the mall: Corporate landlord model coming to Auckland | Stuff.co.nz
https://i.stuff.co.nz/life-style/hom...ng-to-auckland

I do wonder if part of the appeal is bringing shoppers to retailers... win win for both parties and kiwi in the middle collecting lots of moola

Mixed-use developments may be new to New Zealand, but theyve been a feature of the Gulf states for a long time.

Residential tower above big mall with a hypermarket as an anchor tenant.

What's not to like?

[LaserEyeKiwi]

I suggest taking the time to read through the pages of the Annual report published last week.

Was interested to see one of the big benefits of adding BTR, office & large format retail to a mall complex as one big “Mixed Used Asset” is that the entire asset receives a lower cap rate for valuation purposes. Which makes complete sense as it lowers the revenue risk profile of the asset overall. Hence why Sylvia Park is now “Sylvia park precinct” after the Sylvia Park Lifestyle (adjacent large format retail centre) was absorbed, and with now two office towers and the BTR apartments now included in the valuation (It is now valued as if the under construction BTR towers & 3 Te Kehu way office tower are finished, less the value of the future expected construction costs required to finish those developments).

[Waltzing]

KPG may well have its big re pricing time in the sun.

https://www.stuff.co.nz/life-style/h...ng-to-auckland