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27-05-2015, 03:29 PM
#451
 Originally Posted by percy
On 8th April Craig's had a buy at $6.60 with a target price of $6.90.
FPH,POT,RYM and SUM, I am prepared to let my profits run ,as I have sold down,so I am either having a free ride,or my average cost price is very low.Unless any of them do something I totally disagree with,I will sit back and enjoy the ride.
FPH.I have never known them not to be pricey.
My mistake on all of them has been taking profit,selling down,far to early.
Got rid of half my RYM last year and not regretting it, am too exposed to property anyway. Sold some FPH last year too early and wish I hadn't now. Still one of my bigger holdings, and is all "free" now after selling down. I would rather not get as much profit than give up the profit already made.
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27-05-2015, 03:34 PM
#452
Originally Posted by satan
Got rid of half my RYM last year and not regretting it, am too exposed to property anyway. Sold some FPH last year too early and wish I hadn't now. Still one of my bigger holdings, and is all "free" now after selling down. I would rather not get as much profit than give up the profit already made.
I too just love "free" rides.!!! lol.
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27-05-2015, 06:27 PM
#453
Originally Posted by percy
I too just love "free" rides.!!! lol.
Not exactly "free" - you earned them 
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28-05-2015, 01:58 PM
#454
Member
Sold some of mine, got a bit scared and guess happy when they hit $6.99 , looks sweet in bank account....Now take a deep breath and don't buy something stupid...
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29-05-2015, 09:12 AM
#455
Member
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29-05-2015, 09:21 AM
#456
Originally Posted by Cricketfan
Nice result. Looking cheap at 6.30 eh?
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29-05-2015, 10:24 AM
#457
Originally Posted by satan
Nice result. Looking cheap at 6.30 eh?
Yes, respectable result ... but not sure, whether I would call them cheap. Forward PE of 28.5 (at 6.52) is even for a 8% CAGR on the high side - but I guess quality has its price - and yes, it is a good company in a growth industry.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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29-05-2015, 10:45 AM
#458
and we have lift off. A very good looking fish in a small pond.
Makes you wonder what level of growth would have forced a sell off. This came right in around my expectation and I expected SP to remain in the low 600s.
Not holding.
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29-05-2015, 10:50 AM
#459
Originally Posted by BlackPeter
Yes, respectable result ... but not sure, whether I would call them cheap. Forward PE of 28.5 (at 6.52) is even for a 8% CAGR on the high side - but I guess quality has its price - and yes, it is a good company in a growth industry.
High quality company, superbly managed with potential strong currency tailwinds. Not cheap but real quality never is. Not holding but wish I had been 
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29-05-2015, 11:04 AM
#460
Originally Posted by Roger
High quality company, superbly managed with potential strong currency tailwinds. Not cheap but real quality never is. Not holding but wish I had been
I second that. Relatively free of over-hype, it is great that this company is still based in NZ with a NZ listing.
Let's hope that sufficient NZ money keeps out of real estate to continue to keep it in NZ!
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