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28-10-2016, 01:52 PM
#191
Originally Posted by Lewylewylewy
Bullies. Am a shareholder in both and hope NPT shareholders tell them to take a hike.
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13-12-2016, 09:25 AM
#192
KPG are now in on the act. NPT management support their proposal over AUG's.
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13-12-2016, 04:48 PM
#193
Member
Blackstones in the USA are listing in the US in January.
They own 50000 single homes that they rent out .
Be interesting to see how they go.
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13-12-2016, 05:13 PM
#194
Originally Posted by 777
KPG are now in on the act. NPT management support their proposal over AUG's.
Good for both companies so they say, but not sure what is in for KPG holders.
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13-12-2016, 05:41 PM
#195
Member
During KPG's capital recycling of their properties they have been keeping a hold of managing the property ie 205 Queen and Centre Place. Now Majestic and North City?
Pretty good RoE on property management!
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14-12-2016, 06:33 AM
#196
With the risk of falling property prices, getting rid of property in favor of highly profitable management contacts is good risk management and profit taking.
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14-12-2016, 09:51 AM
#197
Member
Diversifying revenue streams is great but I wouldn't say theyre cashing in on property price risk - they're going to invest the cash right in to Sylvia Park and probably make it worth a billion dollars soon (incl adjoinings and SP lifestyle)
If they keep holding the management contracts for their property disposals we will have to call them Kiwi Property Management Group, but I think that acronym is already taken hehehe
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07-04-2017, 11:59 AM
#198
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07-04-2017, 12:22 PM
#199
I wonder if Francis is simply p****d off that he didn't get their offer accepted at the beginning and now is using Augusta shareholders money to buy more NPT to satisfy his own ego. Augusta is acting like a bully and nobody likes bullies. Should they fail then they are going to have a large holding in NPT which they will want to get rid of and that will drive the price down and mean a loss for AUG shareholders.
I hold all three involved companies and will vote for the KPG deal. They appear more professional.
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12-03-2024, 09:07 AM
#200
Member
Hi all. The latest column published on my Substack, Just the Business, this morning looks at the proposal to internalise Goodman Property Trust's management contract. The headline is: Goodman proposal is a $500m “vote of confidence in NZ”
And you can find it here:
https://justthebusinessjennyruth.sub...a-500m-vote-of
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