Retirement village operators

[Lola]

Thanks GWD.. OCA guru management team looking pretty good right now

And so do the PHL team. Well under the radar but recent published announcement shows solid progress.

[bull....]

Debt holding back retirement village sector - report

https://www.rnz.co.nz/news/business/...-sector-report

roll out the cash raises

[justakiwi]

Or maybe they simply do what we have already discussed, as mentioned in the article:

"If interest rates and construction costs remain high, we estimate that the sector has an attractive 'out' by not starting any new build projects.
"This could result in the sector becoming largely debt-free."
Forsyth Barr said the three operators had each indicated they would scale back on development and take a more cautious approach.
"If these operators are able… to pay down debt alongside the development rundown… there would be a sizeable upside to the equity value over the next three to four years," it said.

Debt holding back retirement village sector - report


https://www.rnz.co.nz/news/business/...-sector-report

roll out the cash raises

[Greekwatchdog]

Debt holding back retirement village sector - report


https://www.rnz.co.nz/news/business/...-sector-report

roll out the cash raises

Obviously you have forgotten about detailed report I posted last week that this just mirrors yawn, really.

[Balance]

And so do the PHL team. Well under the radar but recent published announcement shows solid progress.

You must be joking, right?

PHL changed from whatever they were doing to becoming a RV operator right at the top of the property market cycle!

[Lola]

You must be joking, right?

PHL changed from whatever they were doing to becoming a RV operator right at the top of the property market cycle!

No not joking, but I'm just observing. Another careful move to expand announced on Friday. Thats two in what was the last week of the financial year.

[bull....]

property market still softening so i guess it keeps the pressure on these stocks

New Zealand annual house prices retreat further in March

https://www.newshub.co.nz/home/money...-in-march.html

[Balance]

Been doing my rounds of talking to real estate agents and developers in the last week.

Some trends starting to emerge in the property market.

Very very interesting and I will be bold and say that the bottom has already been reached in certain segments of the market.

For some other segments, more pain on the way and once the higher mortgage rates bite, the pain will be there for all to see.

[Aaron]

Been doing my rounds of talking to real estate agents and developers in the last week.

Some trends starting to emerge in the property market.

Very very interesting and I will be bold and say that the bottom has already been reached in certain segments of the market.

For some other segments, more pain on the way and once the higher mortgage rates bite, the pain will be there for all to see.

Don't be so enigmatic.

What segments have bottomed? if you are so bold

and what segments are in for more pain.

[Balance]

Don't be so enigmatic.

What segments have bottomed? if you are so bold

and what segments are in for more pain.

Starting to put my money where I see the opportunities.

Will obviously update once I am set!

Suggest anyone really interested in what's happening out there - just go and talk to a few good real estate agents. They are hungry for business, especially the new ones and are more likely to be frank and honest about what's happening out there.