-
27-01-2020, 01:17 PM
#151
Originally Posted by percy
If you are the buyer of 10,000 at $1.50 ,and get them,I think you will be "well positioned."
So do I ... ;. Admittedly - I don't put my hopes too high - bull and silverblizzard are just not effective enough in spreading fear.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
10-02-2020, 04:40 PM
#152
Hard swimming against the tide.
-
10-02-2020, 04:50 PM
#153
Originally Posted by percy
Hard swimming against the tide.
https://www.nzx.com/announcements/348166
A good result - both revenue and earnings are (slightly) up.
Given the amazing discount the market attributes to this company are they a steal ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
10-02-2020, 04:51 PM
#154
Originally Posted by percy
If you are the buyer of 10,000 at $1.50 ,and get them,I think you will be "well positioned."
Possibly all they're worth in the current environment. Fresh test of multi year support at $2.50 coming up. I would expect very heavy discounting to be rampant for the foreseeable future as hotels clamour to try and fill huge numbers of empty rooms left vacant by risk averse non travellers. The significant increasing supply now coming on stream at places like Queenstown could not have come at a worse time for existing hotel owners.
I can't see anything to get excited about for current holders here. Unless one is getting them at a screaming bargain price this looks like a very good sector to avoid.
Last edited by Beagle; 10-02-2020 at 04:53 PM.
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
-
10-02-2020, 04:56 PM
#155
Originally Posted by Beagle
Possibly all they're worth in the current environment. Fresh test of multi year support at $2.50 coming up. I would expect very heavy discounting to be rampant for the foreseeable future as hotels clamour to try and fill huge numbers of empty rooms left vacant by risk averse non travellers. The significant increasing supply now coming on stream at places like Queenstown could not have come at a worse time for existing hotel owners.
I can't see anything to get excited about for current holders here. Unless one is getting them at a screaming bargain price this looks like a very good sector to avoid.
Have a look at their balance sheet, beagle. Their main business is actually owning CDI shares :
This is a deep value play anyway, but happy if you talk them a bit further down.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
10-02-2020, 04:57 PM
#156
CDI talking a slowing development book when the real estate market is booming
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
-
10-02-2020, 05:01 PM
#157
Originally Posted by Beagle
CDI talking a slowing development book when the real estate market is booming
They talked last year a downturn in revenue and earnings and delivered a nice increase instead. Just a refreshing change from the otherwise usual over promising and under delivering. These guys rock.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
18-03-2020, 08:36 AM
#158
OMG ....MCK and what’s happening re virus and they mention EXISTENTIAL CRISIS
that’s bad
http://nzx-prod-s7fsd7f98s.s3-websit...116/318972.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
18-03-2020, 08:52 AM
#159
-
18-03-2020, 09:39 AM
#160
Originally Posted by winner69
I guess they need to demonstrate how bad things are to remind Cindy to include as well larger hospitility business into the rescue package.
But no doubt - 2020 won't look pretty, However - if any company has the balance sheet to survive such a crisis, than it would be MCK.
BTW - 40% of their income from their CDL holding ... will people stop buying property?
NTA per share $4.52. Current match price $2.29.
Forward PE (3 years) if I write 50% of this years expected revenues off): 8.4;
Forward PE (3 years) if I write all revenue off this year: 13.3;
Didn't manage to get my model into an actual loss situation (unless I start cutting into CDL's income as well or if they keep lots of staff they don't need).
Not sure, though how important the stock market listing is for the majority shareholder. Otherwise there might be a low ball takeover offer in the wings ...
Last edited by BlackPeter; 18-03-2020 at 09:41 AM.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks