God almightyI have read some stuff on line today from you so called EXPERTS,Cannot believe how negative you guys are,hope you will be kicking yourselves up the backside soon.There are heaps of shares to buy that will not go down the drain including the retirement villages [get your head around it they are not resthomes]Get a life guys,cant have 75 year old guys telling you this stuff.
Last edited by crighton100; 14-04-2020 at 08:31 AM.
Seeing as you are frantic about where to put your money,the best place to make money is pph [one thing about the yanks they love giving to the church] & the other would be SCL,they supply fruit to the world,we have seen their product on our overseas trips],just dont freeck out,it will all be OK in 12 months
https://www.nzherald.co.nz/business/...ectid=12322288 Who knows what the future is...we're all really throwing darts !
"We're all just throwing darts," says Kiwibank chief economist Jarrod Kerr when commenting on economists' forecast range of between negative 6 per cent to negative 9 per cent. (They are talking about the prognosis for the year ahead with real estate).
Crunching the numbers:-
If one assumes that their portfolio value of $3.6 billion was steaming ahead at close to full throttle for the first 2 1/2 months of 2020 and has perhaps risen 2.5% in that time followed by a 7.5% decline in the next 12 months (i.e. a net decline of 5% from 31 Dec 2019 values to projected value in April 2021) that would see a decline of $3.6 billion x 5% = $180m = ~ 84 cents a share for adjusted projected NTA as at April 2021 of $6.16
Economists are then forecasting a strong rebound in property prices for 2021 and 2022. MET good value at $3.77 relative to the rest of the sector and the market ?
Is the Pope a Catholic ?
Blobbles made mention somewhere NZ property market could go the way that Ireland went a few years ago ....with prices collapsing 50% to 60%
Suppose if that did happen here the MET share price being so low now we’d still be OK
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Blobbles made mention somewhere NZ property market could go the way that Ireland went a few years ago ....with prices collapsing 50% to 60%
Certainly reading Bobbles' posts tempers one's enthusiasm to climb further into this stock. I think the policy makers will cushion us from much of the doom and gloom though, by kicking the can further down the road.
Certainly reading Bobbles' posts tempers one's enthusiasm to climb further into this stock. I think the policy makers will cushion us from much of the doom and gloom though, by kicking the can further down the road.
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Originally Posted by Beagle
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