Ouch SP taking a beating today after that update. Might find a bottom end of next week around $12.50? End of month portfolio rebalancing, might be quite a few after this update and recent news in the sector/ property outlooks etc who might move funds elsewhere. Possible see lows of June/August retested?
I think the issue is that yet again for the umpteenth year they are not achieving their stated goal of 15% per annum growth in underlying earnings.
You can't keep on missing this goal indefinitely without the market eventually waking up and saying that the company is no longer worth the premium to the rest of the sector.
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
I'd be interested at $7. If it doesn't get down there to reality ask me if I care
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
looks like the ryman result rubbing of on all them now
Yeah except Radius which has already seemed to find its bottom trough and has been holding around the previous CR price for a while now. Didn't follow the spike up that Ryman, Somerset etc did. Rad will probably be the odd ball and buck the trend out of them and may rally off its low to 10% up above CR price. SUM and RYM do seem priced at a premium. We sold out of both and moved funds across to RAD when dropped slightly below the CR. Will sit and see fruitions from their recent acquisitions to develop. Might be the first of this sector to see some upwards movement if the sector has stalled and trends down currently.
Yeah except Radius which has already seemed to find its bottom trough and has been holding around the previous CR price for a while now. Didn't follow the spike up that Ryman, Somerset etc did. Rad will probably be the odd ball and buck the trend out of them and may rally off its low to 10% up above CR price. SUM and RYM do seem priced at a premium. We sold out of both and moved funds across to RAD when dropped slightly below the CR. Will sit and see fruitions from their recent acquisitions to develop. Might be the first of this sector to see some upwards movement if the sector has stalled and trends down currently.
If you think SUM and RYM trade at a premium then so does RAD
On similar multiples
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Jarden analysts reiterated their ‘sell’ rating after the retirement village operator’s half-year earnings result was below their forecast. The analysts said the stock was “unappealing” due to high levels of debt and a risk the share price could fall significantly. However, Macquarie gave a different view saying that with strong demand and high property prices the stock deserved its price tag
Originally Posted by Maxtrade
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