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31-01-2018, 03:55 PM
#6011
Originally Posted by minimoke
1 share going through at $6.99 at 14:54
They must get good deals on the bro.
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31-01-2018, 04:53 PM
#6012
End of the month balancing I think. Many others are also going up
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31-01-2018, 05:02 PM
#6013
Originally Posted by Ggcc
End of the month balancing I think. Many others are also going up
Things just go nuts at this time of day / month.
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01-02-2018, 08:35 AM
#6014
Member
update on the property market: https://www.stuff.co.nz/business/101...gional-centres
although things looking flat, don't think it'll have much impact on SUM/RYM unless the ar$e falls out of it completely.
plenty of demand out there. still 10-20 parties going through most of the open homes I am visiting and limited stock around.
tailwinds still alive and well.
filthy
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01-02-2018, 11:55 AM
#6015
Originally Posted by Filthy
update on the property market: https://www.stuff.co.nz/business/101...gional-centres
although things looking flat, don't think it'll have much impact on SUM/RYM unless the ar$e falls out of it completely.
plenty of demand out there. still 10-20 parties going through most of the open homes I am visiting and limited stock around.
tailwinds still alive and well.
filthy
Hi filthy. Welcome to ST.
From an affordability perspective, residents currently free up significant amounts of capital when they move into a village so there remains plenty of price-headroom for incoming residence. For example, the current median Auckland house price would need to drop from $1.2million to $900k before a transition into a SUM/RYM retirement unit becomes breakeven. I can't see house prices falling 25%.
But on top of that, and most importantly, elderly people move into a retirement village based on health needs and security, rather than what the housing market is doing.
And further still, demand for SUM/RYM and the likes will be greater than supply for the foreseeable future given NZ's age-demographics. As such, people will take a capital hit, if they have to, on transitioning into a retirement village in NZ.
Based on the above, I believe the property market has no impact at all on SUM/RYM's businesses.
This has been shown to be true when looking at the historical results of these companies compared to what the property market has been doing.
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01-02-2018, 12:17 PM
#6016
Start of the month and down she goes........ I must follow these patterns and sell at the end of the month and buy in the new month
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01-02-2018, 12:19 PM
#6017
Originally Posted by Ggcc
Start of the month and down she goes........ I must follow these patterns and sell at the end of the month and buy in the new month
Sounds bad right? Down down down
Then you realize it is basically, give or take a cent, the same price it was at the start of this week and that maybe yesterdays unusual spike was just that - unusual.
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01-02-2018, 12:31 PM
#6018
Originally Posted by trader_jackson
Sounds bad right? Down down down
Then you realize it is basically, give or take a cent, the same price it was at the start of this week and that maybe yesterdays unusual spike was just that - unusual.
It had to go down or RYM had to go up.. whatever it takes to ensure the SP phenomena of SUM x 2 = RYM, aye Couta
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01-02-2018, 12:35 PM
#6019
Originally Posted by Vaygor1
It had to go down or RYM had to go up.. whatever it takes to ensure the SP phenomena of SUM x 2 = RYM, aye Couta
....and OCA x 10 = RYM is becoming a pretty good rule of thumb
Algebra then gives OCA x 5 = SUM
Spooky eh possums as Mr P used to say
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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01-02-2018, 12:42 PM
#6020
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