Squeaky wheels get the oil?
Putting out fire with gasoline?
Arguably the two most binned posters, moderators?
I think he's pulling your leg but I might frighten you and call his bluff
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
Vince and anyone posting please use the emoticons as words , often can't convey the sentiment , lightness, seriousness, tone and misunderstandings result often.What can just be an opinion can be taken as an insult etc etc. OK?
I drove past Summerset by the Sea in Katikati today, looked quite inviting and neat. Works have started on Stage 4, perhaps more villas?
Good to see it well looked after and expanding.
In the PDS it has a key risk section and changes in the Property Market is listed as the first risk. I thought SUM said the propoerty market has a limited impact on their underlying NPAT?
In the PDS it has a key risk section and changes in the Property Market is listed as the first risk. I thought SUM said the propoerty market has a limited impact on their underlying NPAT?
Lower property valuation = Less amount of assets to cover creditors in the event of a liquidation.
hmm bit confusing as I thought they could have easily gone to the banks for cash?
The banks not wanting to lend anymore (for now) to the highest leverage village maybe so going to the market for debt?
Likely have the above completely wrong
Maybe they think that interest rates are on the way up and now is the right time to raise money for expansion via 6-year term bonds. I think that the bonds are to be covenanted so that total debt does not exceed 50% of asset values. Reasonably safe?
Originally Posted by Joshuatree
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A little surprised
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