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14-08-2020, 10:45 AM
#9081
Property market on fire
No wonder Kimgfish increased their holding
All good
https://www.nzherald.co.nz/business/...ectid=12356469
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-08-2020, 06:21 PM
#9082
"Annually, national median prices rose 15 per cent from $575,000 last July to $660,000 last month".
Must admit, that is VERY STRONG.
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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14-08-2020, 06:48 PM
#9083
Originally Posted by Beagle
"Annually, national median prices rose 15 per cent from $575,000 last July to $660,000 last month".
Must admit, that is VERY STRONG.
Interesting with OCA they revised their valuation model conservatively which hit the balance sheet and contributed to an average result (not sure what sum did), so stands to reason there’s a nascent upside now that property is going ballistic?
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17-08-2020, 08:08 AM
#9084
Apparently SUM half year out today ...should be close to guidance
If they don’t report it I’ll work out what the RR-NUPPCA is
I reckon that profitability number will support a share price in the $8.00 to $8.50 range (esp seeing it be better than what OCA achieved)
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-08-2020, 08:36 AM
#9085
From underlying profits, to development margins... alot of metrics things lower or the lowest even in 3 years... and possibly the first time in sum time that SUM's equity is down... although one thing that is noticeably up is the debt ratio now nearing 36%.
Not exactly a growth company these days it would appear...
https://www.nzx.com/announcements/358066
Last edited by trader_jackson; 17-08-2020 at 08:40 AM.
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17-08-2020, 08:38 AM
#9086
Originally Posted by trader_jackson
Underlying profit the lowest in 3 years... and alot of other metrics down... not exactly a growth company these days it would appear... possibly the first time in sum time that SUM's equity is down...
https://www.nzx.com/announcements/358066
At least they made a profit - even if it was only $1.0m
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-08-2020, 08:42 AM
#9087
Julian got to get the facts right in his releases
Summerset CEO Julian Cook said the result was at the top end of market guidance provided in
early July which forecast underlying profit between NZ$40 million and NZ$45 million.
Surely $45.1 million BEAT guidance
”When investors are euphoric, they are incapable of recognising euphoria itself “
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17-08-2020, 09:43 AM
#9088
Coronavirus has influenced valuations of one retirement giant's properties to such an extent that last year's gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly zero.
https://www.nzherald.co.nz/business/...ectid=12356985
one step ahead of the herd
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17-08-2020, 09:55 AM
#9089
Last edited by allfromacell; 17-08-2020 at 09:57 AM.
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17-08-2020, 09:56 AM
#9090
Originally Posted by bull....
Coronavirus has influenced valuations of one retirement giant's properties to such an extent that last year's gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly zero.
https://www.nzherald.co.nz/business/...ectid=12356985
Bad eh -- others to follow (esp that Arvida
For those who have bull on Ignore here's what he posted from the NZ Herald
Coronavirus has influenced valuations of one retirement giant's properties to such an extent that last year's gains in its national property portfolio have been turned into falls and the bottom-line profit has been reduced to nearly zero.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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