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14-07-2017, 03:56 PM
#501
Originally Posted by percy
Bull.
Not being funny but look at the average prices of houses down your street.
Then figure out whether you think those people who are about 70 years old living in your street would have a mortgage.
Then ring your local retirement village and find out the price of a two bedroom unit.
Get back to me if the unit is over half the price of the oldies current home.
sounds like a ponsi scheme to me percy once all your buddies down the street are gone who gonna be left
one step ahead of the herd
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14-07-2017, 04:00 PM
#502
Originally Posted by bull....
sounds like a ponsi scheme to me percy once all your buddies down the street are gone who gonna be left
Better check the price of the retirement village unit you want to move into,before your neighbours beat you to it.!
Totally agree with you about the Ponzi scheme.RYM have not been back to their shareholders for more cash since they listed.
Last edited by percy; 14-07-2017 at 04:01 PM.
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14-07-2017, 04:02 PM
#503
also the fact that birth rates in NZ are declining and every politician wants to slow migration down - who gonna be left once baby boomers gone
one step ahead of the herd
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14-07-2017, 04:06 PM
#504
Originally Posted by percy
Better check the price of the retirement village unit you want to move into,before your neighbours beat you to it.!
Totally agree with you about the Ponzi scheme.RYM have not been back to their shareholders for more cash since they listed.
I hope I will be able to stay in my own place as long as possible leave money for my kids instead of giving 30%+ to a retirement village , anyway im quite young so when i reach that age as per my comments above im sure there will be plenty of dis counted units if i do decide to go into a retirement unit.
one step ahead of the herd
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14-07-2017, 04:13 PM
#505
Originally Posted by bull....
I hope I will be able to stay in my own place as long as possible leave money for my kids instead of giving 30%+ to a retirement village , anyway im quite young so when i reach that age as per my comments above im sure there will be plenty of dis counted units if i do decide to go into a retirement unit.
Yes should happen in about 30+ years time.
ps.At that time the analysts will all be saying "we warned everyone this would happen 55 years ago.".....lol.
Last edited by percy; 14-07-2017 at 04:17 PM.
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01-08-2017, 01:34 PM
#506
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09-08-2017, 01:20 PM
#507
Member
MET receiving no love in this sector the last few weeks. RYM, OCA and SUM are all on good bounces. Not sure why MET isn't enjoying the same sector sentiments?
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09-08-2017, 01:51 PM
#508
MET is more exposed to Auckland than the other more diversified agecare providers. It's also not really building on the same scale either.
MET also doesn't have the same great continuum of care that the others have. Customers turning up at their villages with their tennis rackets, with less care needs than the others- OCA in particular.
Result = MET is more of a property business rather than an aged care business, so it lacks the premium valuation.
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09-08-2017, 02:37 PM
#509
Member
Originally Posted by dabsman
MET receiving no love in this sector the last few weeks. RYM, OCA and SUM are all on good bounces. Not sure why MET isn't enjoying the same sector sentiments?
Wondered this myself, low PE, reasonable growth/profits and good cash flow. Looks like all the volume is with OCA at the moment though. Actually been thinking about flicking my ARV and topping up OCA.
Edit: Cheers Huxley, makes sense.
Last edited by tipsy; 09-08-2017 at 02:42 PM.
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09-08-2017, 03:43 PM
#510
Member
I'm cycling thru the sector and buying weekly not worrying too much about price thou I do try and buy more when I think one is oversold. Margin account is great to have as my limit grows weekly and gives me capital to jump on something if I don't have cash that week. Buying exclusively retirement sector at present - might win or lose on a weekly price but I don't care
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