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  1. #7621
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    Quote Originally Posted by winner69 View Post
    Seems a pretty fair price ...but that cunning?
    Ask the Gold standard man. He reckons normal range is 50-60% of RYM price with the mid point being 55%.
    Anything under 50% is extremely unusual and a great buying opportunity.

  2. #7622
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    Quote Originally Posted by Beagle View Post
    Ask the Gold standard man. He reckons normal range is 50-60% of RYM price with the mid point being 55%.
    Anything under 50% is extremely unusual and a great buying opportunity.
    Since SUM floated average is 50.1% and has spent about half the time and most of the time has been between 40% and 60%

    The SUM share price did spend a few months under 40% of RYM (when RYM was outrageously over priced / SUM under priced) and has spent a bit of time last year when SUM share price was over 60% of RYM (when SUM was totally over priced)

    So SUM share price about right today v the gold standard.

    Saying the gao between the two should close over the next year or two is a pipe dream eh Couts
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  3. #7623
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    Quote Originally Posted by winner69 View Post
    Since SUM floated average is 50.1% and has spent about half the time and most of the time has been between 40% and 60%

    The SUM share price did spend a few months under 40% of RYM (when RYM was outrageously over priced / SUM under priced) and has spent a bit of time last year when SUM share price was over 60% of RYM (when SUM was totally over priced)

    So SUM share price about right today v the gold standard.

    Saying the gao between the two should close over the next year or two is a pipe dream eh Couts
    Objection...leading the witness I talked to Coutts the other day about this and as the author of the Couta1 relativity theorem he told me I can completely disregard the time they spent at 40-50% as a temporary aberration and it was always his intention that the Couta1 relativity theory to RYM is that the normal range is 50-60% and anything outside that range is several standard deviations from the norm and to be ignored. Your stat's matter for nought mate because he's the author of this theory and I have this 50-60% thing direct from the horses mouth a few days ago !

    So going off this Gold standard (which we all know is permanent and nothing else matters, not PE's, cash flow, sales level's balance sheet stat's or anything esle lol) the normal level is 55% and at RYM's closing price of $12.35 therefore we should see SUM gravitate towards $12.35 x 55% = $6.79 so I'm looking forward to that in due course
    Last edited by Beagle; 18-04-2019 at 05:27 PM.

  4. #7624
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    Quote Originally Posted by Beagle View Post
    Objection...leading the witness I talked to Coutts the other day about this and as the author of the Couta1 relativity theorem he told me I can completely disregard the time they spent at 40-50% as a temporary aberration and it was always his intention that the Couta1 relativity theory to RYM is that the normal range is 50-60% and anything outside that range is several standard deviations from the norm and to be ignored. Your stat's matter for nought mate because he's the author of this theory and I have this 50-60% thing direct from the horses mouth a few days ago !

    So going off this Gold standard (which we all know is permanent and nothing else matters, not PE's, cash flow, sales level's balance sheet stat's or anything esle lol) the normal level is 55% and at RYM's closing price of $12.35 therefore we should see SUM gravitate towards $12.35 x 55% = $6.79 so I'm looking forward to that in due course
    Hey Beagle I reckon you'd make a great Turners car Salesman(Whooos I mean Salesperson keeping with all the PC BS) Dont get too enthusiastic about that 60% mark, the 50-55% mark is the main home for SUM(Currently at 48.5% so a tad undervalued) Winner is right about the gap closing significantly, has been a pipe dream for yonks and will remain so for yonks.Lol

  5. #7625
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    Beagle / Couts

    The longer the time frame = more data points = more compelling the REVISED COUTS REVERSION THEOREM that SUM is 50% of RYM share plus / minus A bit but ‘gravitates’ back to 50% on a regular basis. Gravitate another word for reversion
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

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  6. #7626
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    SUM share price just can’t get back to 50% of RYM’s share price so just a fractionally underpriced / undervalued at the moment

    We really want RYM to get stronger ....like lead the way up.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  7. #7627
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    Birdies starting to chirp more loudly about the screwed up Govt remuneration model for rest homes in NZ, making the rich property investors even richer, feeding off the elderlies savings, depriving their progeny of fat inheritances for the sake of fatter investors, citing the underarm bowlers sector review and what might come from that here in due course.

    Can't say much more, you get the gist of it. Winds of change are blowing, just a zephyr so far but a breeze may soon follow.

  8. #7628
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    Quote Originally Posted by Baa_Baa View Post
    Birdies starting to chirp more loudly about the screwed up Govt remuneration model for rest homes in NZ, making the rich property investors even richer, feeding off the elderlies savings, depriving their progeny of fat inheritances for the sake of fatter investors, citing the underarm bowlers sector review and what might come from that here in due course.

    Can't say much more, you get the gist of it. Winds of change are blowing, just a zephyr so far but a breeze may soon follow.
    Hmm - you sound angry and poetic at the same time. I must however admit that I have problems to make much sense out of your post. What exactly do you want to convey?
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  9. #7629
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    Quote Originally Posted by Baa_Baa View Post
    Birdies starting to chirp more loudly about the screwed up Govt remuneration model for rest homes in NZ, making the rich property investors even richer, feeding off the elderlies savings, depriving their progeny of fat inheritances for the sake of fatter investors, citing the underarm bowlers sector review and what might come from that here in due course.

    Can't say much more, you get the gist of it. Winds of change are blowing, just a zephyr so far but a breeze may soon follow.
    Be a shambles (and not good for shareholders, ie rich property investors) if it did go ahead but seems inevitable something will happen.

    Might be just a storm in a teacup but who knows with this lot.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #7630
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    No more investors then so no more building which then would create a new problem.

  11. #7631
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    More fuel to fan growth in the housing market, ASB economists reckon https://tmmonline.nz/article/9765147...ted+to+pick+up

  12. #7632
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    Just as well the Auckland well to do don’t sell up and move into retirement villages

    Maybe couldn’t afford some of those expensive Summerset apartments

    https://www.stuff.co.nz/business/112...ute-data-shows
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  13. #7633
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    Quote Originally Posted by winner69 View Post
    Just as well the Auckland well to do don’t sell up and move into retirement villages

    Maybe couldn’t afford some of those expensive Summerset apartments

    https://www.stuff.co.nz/business/112...ute-data-shows
    unless you lived here:
    Prices were up...
    Takapuna: 30 per cent
    Onehunga: 19.4 per cent
    Morningside: 18.9 per cent
    Rosehill: 14.7 per cent
    Oteha: 14.1 per cent
    Milford: 13.6 per cent
    Glen Innes: 12.9 per cent
    Grafton: 11.6 per cent
    Stonefields: 10.5 per cent
    Half Moon Bay: 10.4 per cent

  14. #7634
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    Quote Originally Posted by winner69 View Post
    Just as well the Auckland well to do don’t sell up and move into retirement villages

    Maybe couldn’t afford some of those expensive Summerset apartments

    https://www.stuff.co.nz/business/112...ute-data-shows
    Some did win, some did lose. Median sales price per month is as well not terribly significant - sometimes its the more expensive houses which sell, and sometimes the less expensive. Sounds like though the people in Takapuna have plenty of additional money to spend.

    Makes no difference to Summerset or any other retirement village from which suburb the well-off buyers come - and I guess not everybody is after the 200 sqm unit with beachfront anyway. Most units would be priced well below the average Auckland house price.

    Just one of the hyped up property market articles - no wonder journalists are not paid well, they get what they deserve.
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  15. #7635
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    Quote Originally Posted by winner69 View Post
    Just as well the Auckland well to do don’t sell up and move into retirement villages

    Maybe couldn’t afford some of those expensive Summerset apartments

    https://www.stuff.co.nz/business/112...ute-data-shows
    Damn, pretty surprised by that

    Prices were down...
    Mt Albert: 31.2 per cent
    Royal Oak: 25.4 per cent
    Long Bay: 24.8 per cent
    Westmere: 22.5 per cent
    Kohimarama: 21 per cent
    Parnell: 20.8 per cent
    Albany: 20.5 per cent
    Mt Eden: 20.1 per cent
    Herne Bay: 17.2 per cent
    Freemans Bay: 17 per cent

    Was looking at the 2 bed villas at Summerset Ellerslie, asking 980k

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