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21-04-2017, 09:51 AM
#4411
Originally Posted by Roger
One of the other things RYM said in response was that over the years 50% of their underlying profit has been paid out as unimputed dividends which are taxable in shareholders hands.
An important point and one not mentioned in articles.
Of course the other 50% of the profit will drive the growth - handy not losing 28% of that!
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21-04-2017, 11:27 AM
#4412
Surely the term underlying profit is wrong.
If there was a profit in the good old fashioned sense of income being greater than expenses, then they would be paying taxes & imputing their dividends.
Oh great, we also have development profits, but what is the purpose of building more assets that we don't make an ongoing profit from ?
At least most listed property companies make some rental profits & pay taxes, but most of them are PIEs, so at least they don't have to deduct RWT from the unimputed portion of their dividends.
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21-04-2017, 01:24 PM
#4413
In Accumulation Mode, the sellers are welcome to their Oceania shares.
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21-04-2017, 01:46 PM
#4414
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
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21-04-2017, 01:48 PM
#4415
Originally Posted by Roger
Sparked up changing soon to Summing Up ?
Good point as I'm currently Sparked out. PS-Changed now.
Last edited by couta1; 21-04-2017 at 01:52 PM.
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21-04-2017, 02:18 PM
#4416
SUM's it up nicely mate
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
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21-04-2017, 02:23 PM
#4417
Since I put that accumulation post up, the sellers are running away, they must be reading this forum, hope some non readers come back late this arvo.
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21-04-2017, 02:58 PM
#4418
Member
It's a pretty attractive price to be accumulating at, had to help myself to SUM more this morning.
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21-04-2017, 03:45 PM
#4419
Originally Posted by JoeGrogan
It's a pretty attractive price to be accumulating at, had to help myself to SUM more this morning.
Looks like the Oceania sellers are drying up, they only have 2 days left to sell anyway and most wouldnt want to cut it that fine, shame about that.
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21-04-2017, 04:06 PM
#4420
Baa Baa
"What comes around goes around, it seems prudent to examine what is actually making this sector so profitable for shareholders, and what could be taken away at the swipe of the IRD Commissioner's and/or the MSD's CEO's pen."
Very valid point. The govt can as they've done in Aus recently stop being so generous; reduce funding, whittle a bit of there add a cost there. The companies will keep providing essential service but will they have the stellar gains of the past? Will EHE ( on ASX)ever recover? I think not because profits are now less. Will EHE stay listed ;prob but at a much lower s/p and off many investors radar. For me,from now on SUM and the others are not the bullet proof bluechip premium invest companies to be over exposed in imo, one needs to factor in a bit more risk i think. And now with the caregivers getting an increase(yay) as couta said ,nurses cleaners etc will want to have an increase too.Yes the national govt will pick up the tab for the careworkers ,FOR NOW.
The third spanner in the works is the IRD; how generous will they be going forward when the NZ economy cycle is less healthy.
Last edited by Joshuatree; 21-04-2017 at 10:47 PM.
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