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  1. #7786
    Legend minimoke's Avatar
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    In case it has been missed


    "Today's Reserve Bank interest rate cut - taking the OCR to record low of 1.5 per cent - will reignite New Zealand's housing market, Westpac chief economist Dominick Stephens says,"Mortgage rates have plunged over the past two months, and today's OCR cut will cause them to fall further," Stephens said.
    "We think the consequence will be an upturn in the housing market, starting in the second half of 2019."

  2. #7787
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by minimoke View Post
    In case it has been missed


    "[FONT="]Today's [/FONT]Reserve Bank interest rate cut[FONT="] - taking the OCR to record low of 1.5 per cent - will reignite New Zealand's housing market, Westpac chief economist Dominick Stephens says,[/FONT][FONT="]"Mortgage rates have plunged over the past two months, and today's OCR cut will cause them to fall further," Stephens said.[/FONT]
    "We think the consequence will be an upturn in the housing market, starting in the second half of 2019."
    No we can't have that !! Almost everyone tells me the game is up and the real estate dream run is over lol
    No butts, hold no mutts, (unless they're the furry variety).

  3. #7788
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by winner69 View Post
    Reviewing all the economic stuff that impacts the housing market and putting them all into a matrix and assessing what usually happens to the housing market when an indicator changes I reckon we could see the number of house sales over the next year increase by more than 10% and that prices on the average could will be 5% or more higher in a years time

    Good for Summerset I reckon .......as long as Julian stirs up his sales people and doesn’t accept that non existent longer days to sell as an excuse for the sales people to finalise sales.
    Even more confident of increased number of house sales and higher prices in next year after the misguided OCR cut yesterday

    If only Julian and his team would stop looking for excuses and just get on with selling units Summerset should be OK

    Volunteered my services as a mystery shopper .....wonder what it entails but must be important if mentioned as a key component of their sales strategy
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  4. #7789
    ShareTrader Legend Beagle's Avatar
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    More good news. The chronic Nurses shortage has finally been recognised by this Government without even the need for a 2 year long working party study lol
    http://www.scoop.co.nz/stories/BU190...-on-nurses.htm
    No butts, hold no mutts, (unless they're the furry variety).

  5. #7790
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    Quote Originally Posted by winner69 View Post
    Even more confident of increased number of house sales and higher prices in next year after the misguided OCR cut yesterday

    If only Julian and his team would stop looking for excuses and just get on with selling units Summerset should be OK

    Volunteered my services as a mystery shopper .....wonder what it entails but must be important if mentioned as a key component of their sales strategy
    Maybe Julian should contact Twyford and see if we can sell a few through Kiwibuid, bearing in mind that he needs 99,916 more to build/claim to meet his soon to be abandoned target !!

  6. #7791
    always learning ... BlackPeter's Avatar
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    Looks like Fisher funds using the current SP weakness to accumulate: They increased their holding by nearly 2.5 million shares over the last 4 weeks! Clever ...

    http://nzx-prod-s7fsd7f98s.s3-websit...318/299578.pdf
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  7. #7792
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Looks like Fisher funds using the current SP weakness to accumulate: They increased their holding by nearly 2.5 million shares over the last 4 weeks! Clever ...

    http://nzx-prod-s7fsd7f98s.s3-websit...318/299578.pdf
    Trying to make up for lost ground as April not good for them -


    A drag on performance was retirement village provider Summerset (-15%) after releasing a weak quarterly new sales figure, citing that increased settlement times in the residential property market are impacting settlement of its units. Following our recent site visit in March, we nonetheless believe that the company remains well positioned despite this short-term market-related weakness.


    It looks like fisher also bought more Ryman as well ....and even more XRO
    Last edited by winner69; 09-05-2019 at 02:34 PM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #7793
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    Quote Originally Posted by Beagle View Post
    More good news. The chronic Nurses shortage has finally been recognised by this Government without even the need for a 2 year long working party study lol
    http://www.scoop.co.nz/stories/BU190...-on-nurses.htm
    That’s good. Why was the shortage allowed to grow for so long?

  9. #7794
    Trying to get outta here
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    Quote Originally Posted by Bjauck View Post
    That’s good. Why was the shortage allowed to grow for so long?
    Ask the Govt that question and I'm sure they will come up with some well spun political answer for you..

  10. #7795
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    Quote Originally Posted by BlackPeter View Post
    Looks like Fisher funds using the current SP weakness to accumulate: They increased their holding by nearly 2.5 million shares over the last 4 weeks! Clever ...

    http://nzx-prod-s7fsd7f98s.s3-websit...318/299578.pdf
    What is clever about holding a company in their portfolio while it falls from 800c to 550c? So they were averaging down in the past few weeks?

  11. #7796
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by SilverBack View Post
    What is clever about holding a company in their portfolio while it falls from 800c to 550c? So they were averaging down in the past few weeks?
    Clever is to use the current weakness to increase their holding. But - by the way - they only returned to substantial shareholder status in April 2019. I don't know, how many (if any) they did hold on the way down, given that they sold some end of Feb 2018 (after an upspike) and dropped at that stage below 5% - but if they did, it was a smaller parcel.

    I guess one thing we need to understand as well is that the investment rules for big investors look a bit different. Assume you think a share has peaked, than as a small investor you might run for the exit. As a big investor you are already too late because any sale of a big parcel would just crash the market.

    Big funds need to think a bit more long term unless they want to create havoc on the markets.

    But anyway - I do have my Kiwisaver account with Fisher funds and am quite pleased about their information as well as performance. Good company.
    Last edited by BlackPeter; 10-05-2019 at 08:44 AM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  12. #7797
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    Quote Originally Posted by BlackPeter View Post
    Clever is to use the current weakness to increase their holding. But - by the way - they only returned to substantial shareholder status in April 2019. I don't know, how many (if any) they did hold on the way down, given that they sold some end of Feb 2018 (after an upspike) and dropped at that stage below 5% - but if they did, it was a smaller parcel.

    I guess one thing we need to understand as well is that the investment rules for big investors look a bit different. Assume you think a share has peaked, than as a small investor you might run for the exit. As a big investor you are already too late because any sale of a big parcel would just crash the market.

    Big funds need to think a bit more long term unless they want to create havoc on the markets.

    But anyway - I do have my Kiwisaver account with Fisher funds and am quite pleased about their information as well as performance. Good company.
    SUM generally about 5% to 6% of that Fishers portfolio (a bit less than Ryman) which shows some conviction

    Buys and sells over time probably because of investing new money and rebalancing portfolio activities.....that’s the clever bit
    Last edited by winner69; 10-05-2019 at 09:00 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  13. #7798
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    Quote Originally Posted by couta1 View Post
    Ask the Govt that question and I'm sure they will come up with some well spun political answer for you..
    You mean the previous National Government that sat on its hands for so long? At least Notaxcinda has tried to face up to the issues, despite parliamentary numbers, in several areas that were left in the too hard basket.

  14. #7799
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    Slipping back down to my previous buy order price...
    Hard to believe the share price was higher September 9 2016 - that is ages ago they say.

  15. #7800
    ShareTrader Legend Beagle's Avatar
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    Now trading at just 46.7% of RYM's share price.
    No butts, hold no mutts, (unless they're the furry variety).

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