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  1. #51
    Senior Member
    Join Date
    Sep 2004
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    Fukuoka, , Japan.
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    725

    Default

    Tax changes are driving the rise in todays SP

    APT up 3
    CHP up 4
    ING up 5
    MGP up 6
    KIP up 7
    PFI up 3

    Any other opinions?
    \"The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.\" - <b>Adam Smith</b> - <i>The Wealth of Nations</i>

    The information you have is not the information you want.
    The information you want is not the information you need.
    The information you need is not the information you can obtain.
    The informaton you can obtain costs more than you want to pay.

  2. #52
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    Oct 2003
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    , Auckland , New Zealand.
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    337

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    There doesn't seem to be any other explanation, rmb. Traditionally these stocks have generally traded at prices below NAV. Suddenly they've become growth stocks as well as yield plays.

    The rises continue. Currently APT is up 4c for the day, ING +5. KIP +7, MGP +5, PFI +7.

    Since Friday's close the rises to date are APT 7.07%, ING 5.17%, KIP 2.18%, MGP 7.81%, PFI 6.67%.

  3. #53
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    Apr 2005
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    182

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    quote:There doesn't seem to be any other explanation, rmb.
    What about APT's acquisition of the AXA tower?

  4. #54
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    Nov 2001
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    wellington, , .
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    273

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    Don't you just luv it when a plan comes together !!
    nelehdine

  5. #55
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    Oct 2003
    Location
    , Auckland , New Zealand.
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    quote:What about APT's acquisition of the AXA tower?
    That's obviously boosted APT but it doesn't explain the strength in the entire sector. It's mainly the tax changes plus all-round strength in the commercial/industrial property market.
    Re-read nelehdine's analysis above.

    But how about FBU? Closed today at 1080 [^] Now my biggest holding[8D] even after taking some profit @ 1005. Mainly due to takeover speculation, I imagine. I'm not asking why; just enjoying the ride.

  6. #56
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    Nov 2001
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    wellington, , .
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    Another record close on PFI Lawso ... $1.48 !! Awesome !!. APT not doing badly either at $1.23. With my heavy exposure in Australia to the U boom ( specifically via CMR and AGS ) I am like a pig in you know what at present !!
    nelehdine

  7. #57
    Share Collector
    Join Date
    Mar 2005
    Location
    Porirua
    Posts
    3,509

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    Haha Nelehdine - that is going to be one Happy Christmas for you then!

    Always enjoy your posts btw. (Being one of those odd people who diversify into property trusts and blue chips as well as the speccy growth stocks)

    Liz

  8. #58
    Member
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    Nov 2001
    Location
    wellington, , .
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    273

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    Cheers Lizard ... yep 2006 is going to go down as easily my best ever year. Have made 1/2 doz really awesome trades this year and only 1 real clanger ... with that sort of hit ratio and $350,000 in the market at 01.01.06 I can safely say I have a big smile on my face !!

    PS ; Buy yourself some U stocks if you aren't already exposed. U boom next year in gonna make Nasdaq 1997-2000 seem REALLY tame !!!
    nelehdine

  9. #59
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    Apr 2005
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    182

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    http://www.nzx.com/market/market_ann...pany?id=141554

    So this means ING has a blocking stake in APT???

  10. #60
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    Nov 2001
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    wellington, , .
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    273

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    I think the ING stake will be reasonably passive. These property stocks provide excellent balance to a diversified portfolio and ING manage some serious $$$$ ... maybe they are just using APT to achieve a higher weighting. If you want to invest in NZ office space APT's portfolio is second to none and pretty irreplacable.

    Disc: hold 116,656 APT's
    nelehdine

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