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14-06-2019, 07:48 PM
#7941
Originally Posted by Ggcc
Hell of a big transaction just took place $52,000,000??
Originally Posted by sb9
And crossed at $5.30 a piece
Originally Posted by sb9
Originally Posted by percy
Hopefully the market will start to look forward again,and when SUM's sp downtrend reverses, it will be time to buy back in.
in my experience , quite frequently the crossing of a significant parcel eventuates in a trend reversal
For clarity, nothing I say is advice....
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15-06-2019, 06:05 AM
#7942
Member
More importantly, what the hell is going on in Gisborne? up 54%? Whole region going long on the legalisation of Marijuana?
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15-06-2019, 09:14 AM
#7943
Lol yup.
Possibly catch up by investors looking at other locations? I haven't bothered investigating that data.
I wonder if sum can keep increasing underlying earnings throughout these next few years?
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15-06-2019, 09:44 AM
#7944
Originally Posted by Aarrgghh
More importantly, what the hell is going on in Gisborne? up 54%? Whole region going long on the legalisation of Marijuana?
I read a recent article on ASX listed NZ company, STG Straker Translations, who moved their whole business from Auckland to Gisborne.
Perhaps that is part of the reason.
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15-06-2019, 12:23 PM
#7945
Originally Posted by Aarrgghh
More importantly, what the hell is going on in Gisborne? up 54%? Whole region going long on the legalisation of Marijuana?
It is quite a small market, so more susceptible to outliers. REINZ median price for Gisborne shows a big spike in May $358k (April) to $440k. Looks like an anomaly. Trademe property analysis (asking prices, big volume) to 30 April shows Gisborne up 20.4% yoy, so yes some big rises.
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15-06-2019, 04:21 PM
#7946
Median average should just about get rid of the outliers. Mean average includes outliers.
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16-06-2019, 09:42 AM
#7947
In case you didn’t see it on the Oceania thread
https://www.stuff.co.nz/business/pro...ext-four-years
No worries
”When investors are euphoric, they are incapable of recognising euphoria itself “
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16-06-2019, 12:56 PM
#7948
Originally Posted by winner69
Conflicting comments under picture suggests a good time to WAIT/WATCH market. Brokers appear underweight on retirement - property stocks but either way .......... No worries
Quote "An ASB survey shows New Zealanders have low expectations of property prices."
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16-06-2019, 04:55 PM
#7949
Originally Posted by dreamcatcher
Conflicting comments under picture suggests a good time to WAIT/WATCH market. Brokers appear underweight on retirement - property stocks but either way .......... No worries
Quote "An ASB survey shows New Zealanders have low expectations of property prices."
Not sure about any conflict there..depends how you read it... "An ASB survey shows New Zealanders have low expectations of property prices [remaining stagnant]".
But I would think 20% over 4 years ... or more to the point 18.3% which is stated in the article is definitely not 'soaring' as the headline states, but rather a bit under the historical norm.
5.8% per annum compounding equals 18.3% over 4 years.'
NZ's historical average annual increase in housing looks to be higher than 5.8% per annum....
Attachment 10615
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16-06-2019, 05:19 PM
#7950
[QUOTE=Vaygor1;763074]Not sure about any conflict there..depends how you read it... "An ASB survey shows New Zealanders have low expectations of property prices [remaining stagnant]".
But I would think 20% over 4 years ... or more to the point 18.3% which is stated in the article is definitely not 'soaring' as the headline states, but rather a bit under the historical norm.
5.8% per annum compounding equals 18.3% over 4 years.'
Try doing the maths again
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