a candidate for inspection: sdg

[stephen]

SDG are a small property company. Obviously, the outlook is not so great for this kind of firm. However, my eye has been caught by stellar ROE, a propensity to pay out small or no dividend in favour of growth, and what superficially appears to be a good track record. P/E currently about 4.

I intend to do some deeper poking around with these guys this weekend - would welcome some doomsaying before I get carried away.

[GB]

Stephen you talk of roe i assume -( assumption being the mother of all **** ups)you are talking fish ?? - talking of candidate for inspection it reminds me of a distant relative that felt poorly - went to the physician spoke of his plight and was promplty given a script for some large tablets that the doctor strongly suggested should be inserted in the back passage twice four times daily - my relative should then return 10 days later for a report - well when my relative ( irish you understand) returned and explained that he had duely swollowed said pills while standing in his hallway -and that they did no bloody good and further explained to the good doctor for all they were worth he might have well shoved them up is a-r-s-e- /my relative is still recovering - but as i have previously mentioned he is galic - i on the other hand disregard my heritage and believe i am of pure decent

[Halebop]

GB - I think it is admirable that you are 100% decent.

But tell me - what of your descent? []

[robbo]

Stephie mate, I never took you for a Versace sort of guy---SDG own Hotel Versace...!!! at Sufers Paradise Queensland..which is intersting in that SDG gets a lot of Revenue from Mgt Rights/Fees and rentals...not Just property development..
SDG is a very good stock IMO--has a bit of volatility, so pick the eyes out of it--buy ex-dividend and on down days--and be in for the medium haul---and be very non-billish and contrarian in your "buying attitude"--IMO--any "interest rate scare could take SDG sub $1.00 again, but then again the results are likely to very good.

I have a lot of time and high respect for SDG management's property smarts, experience, results on the board--and clever diversification of property locations...Stephen, by the way check out the sdg website, it is excellent--and shows they have quite good exposure to the SOLID non sexy but good parts of Urban Sydney NSW.

Finally, SDG do keep the Financial review up to date with regular ASX and Media announcments ensuring quite good liquidity for us Retail Investors...maybe one of our Technical Charting friends can tell you whether you'd be able to pick them up for under $1.00--in the next few days, to a week---otherwise try IMO on a day following Property News in the ****s overnight on the Dow in the US--and when there are more sellers than buyers etc--maybe $1.03--$1.05 is okay but I'm not a good "bottom" picker...and this co. should always have okay support around these levels of b/w 95 cents and $1.10...

Remember Rene Rivkin's idea though if you are trading with this stock--don't go against the Trend--and we all know the general sentiment to Property stocks at present--but as a medium terms contrarian Investment--having established WHAT is the Bargain bargain price--"How low in a property scare/interest rate scare could the lemmings go in the next 2-5 months with a stock like SDG ???,....I mean when their are "For Lease" sighns everwhere and Property foreclosure signs throughout major Commercial Real-Estate precincts---when the market ****s itself, when interst rates spike, and everyone gets irrationally a bit manic depressive with cyclical stocks such as SDG --which the insto's do classify as a being a "property" play and might wholsale ditch such quite large holdings--"irrationally I mean"--so to be devil's advocate--wouldn't $0.85- $0.87 or even mid-high 70 cents be good buying, and I believe it is at least that sort of "attitude" which SDG requires to turn it it into a GOOD INVESTMENT...and on those sorts of terms, I do like SDG !!--and believe that timed like this it could be a 100% er plus--but timing the property cycle: ie: Buy in Gloom--is important for SDG..........

regards,
Robbo

al

quote:Originally posted by stephen

SDG are a small property company. Obviously, the outlook is not so great for this kind of firm. However, my eye has been caught by stellar ROE, a propensity to pay out small or no dividend in favour of growth, and what superficially appears to be a good track record. P/E currently about 4.

I intend to do some deeper poking around with these guys this weekend - would welcome some doomsaying before I get carried away.

[GB]

excuse me i must have spelt it wrong - but it got an extra laugh so my spelling mistook was worth it - cheers

[GB]

the only reason i dropped the s was because i have a lisp - and always feel self conscience when using that letter in conversation -

[GB]

and it was bloody descent of you to point that out

[mark100]

Note also that SDG has recently announced a joint venture with CP1, the 56% owned subsidiary of city pacific (smart operators). This project will be released in stages from 2006 to 2010. Personally I prefer CP1 over SDG as they are only just starting to ramp up their earnings although liquidity is poor.

cheers
mark

[clearasmud]

Mark, Who is CP1. Are they listed?

[stephen]

That'd be these guys: http://au.finance.yahoo.com/q?s=CIY.AX&d=2b