sharetrader
Page 3 of 181 FirstFirst 12345671353103 ... LastLast
Results 21 to 30 of 1806
  1. #21
    Member
    Join Date
    Sep 2009
    Posts
    331

    Default

    https://www.nzherald.co.nz/business/...ectid=12286165


    Looks good - I foresee mixed residential apartments and facilities like recreational centre/swimming facilities on Carbine Road side of the train station.

  2. #22
    Risk Manager for FTX
    Join Date
    Dec 2019
    Posts
    194

    Default

    Any opinions on this? Was almost trading on a 20% discount to NTA this morning.

  3. #23
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Quote Originally Posted by Gerald View Post
    Any opinions on this? Was almost trading on a 20% discount to NTA this morning.
    Yes, looks tempting - but so do a lot of others! The big unknown, of course, is what the downturn will do to retailers' capacity to keep their tenancies and to keep paying those rentals!

  4. #24
    Advanced Member
    Join Date
    Oct 2001
    Location
    chch, , New Zealand.
    Posts
    2,494

    Default

    Quote Originally Posted by Gerald View Post
    Any opinions on this? Was almost trading on a 20% discount to NTA this morning.
    If you think there will not be an epidemic in NZ they look great. Basically that the bet you are taking, because if there is one those malls will be ghost towns

  5. #25
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Quote Originally Posted by ratkin View Post
    If you think there will not be an epidemic in NZ they look great. Basically that the bet you are taking, because if there is one those malls will be ghost towns
    Agreed and then there's this, https://www.linkedin.com/pulse/world...tin-lindstrom/. (Thanks Winner69 for the very interesting information). Will we see some degree of permanent change in consumer behaviour towards malls ?
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #26
    Junior Member
    Join Date
    Dec 2016
    Posts
    11

    Default

    Have a BUY order placed on KPG now. Seems like a heavy discount to their NTA, and given their significant property portfolio, I'm pretty confident about their future.

  7. #27
    Legend
    Join Date
    Apr 2008
    Location
    Sth Island. New Zealand.
    Posts
    6,428

    Default

    Quote Originally Posted by kiwijay View Post
    Have a BUY order placed on KPG now. Seems like a heavy discount to their NTA, and given their significant property portfolio, I'm pretty confident about their future.
    Also the other LPTs like Argosy, Stride, Goodmans, Property for industry, Precinct - all worth picking through. Remember the intrinsic value of warehouses, office buildings etc is heavily underpinned by bricks and mortar - while shopping malls, big box retailers etc are heavily underpinned by their location and foot-traffic, and not so much by the structure. Their tenants ability to pay rent will be more affected by the economy - some rents may need to be renegotiated.
    Last edited by fungus pudding; 17-03-2020 at 10:44 AM.

  8. #28
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Just got an email for Reading Cinema's All cinema's across Australia and New Zealand closed until further notice. Posted in here because they have a cinema in my local mall owned by KPG. I think this is an ominous sign for times ahead for KPG. I am certain many of their tenants will not be in a position to pay rent for the foreseeable future.

    Event theatre's also closing today https://www.nzherald.co.nz/entertain...ectid=12319045
    Last edited by Beagle; 23-03-2020 at 11:25 AM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  9. #29
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    https://www.nzx.com/announcements/351283

    Interesting announcement this morning. Cancellation of half year dividend, pay cuts, other cost savings measures and deferral of capex are all signs that the effect on this relatively modestly geared company is very serious.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  10. #30
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,480

    Default

    Quote Originally Posted by Beagle View Post
    https://www.nzx.com/announcements/351283

    Interesting announcement this morning. Cancellation of half year dividend, pay cuts, other cost savings measures and deferral of capex are all signs that the effect on this relatively modestly geared company is very serious.
    Bracing for a lot of tenants to have to stop or defer paying rents.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •