CDL & CDI ... Another Great Result

[clearasmud]

in all my time with CDL, and it goes back to before it was actually CDL, I have never seen the $1 mark broken. A milestone to acknowledge certainty.

Nice. You must have done well. For me its been a straggler, until now.

[macduffy]

A good, consistent performer, for me.

[greater fool]

Not relevant. Edited
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[ratkin]

Kupe Group
Get out, while you can................
https://milfordasset.com/insights/ba...abysmal-record

Charlies and Montana (Corporate investments) bring back happy memories, made a ton out of those Two. The Charlies thread was one of the most entertaining on here

[Scrunch]

Charlies and Montana (Corporate investments) bring back happy memories, made a ton out of those Two. The Charlies thread was one of the most entertaining on here

Especially the corporate investments convertible notes. An unloved listed security with a lot of embedded value, a lot like CDL investments and a bunch of historically purchased land holdings held at cost in the books. Just remind me, has the land valuation element of your rates bill stayed flat in the last 1-2 council 3-yearly revaluation exercises?

[greater fool]

Off topic. Edited.
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[nztx]

Charlies and Montana (Corporate investments) bring back happy memories, made a ton out of those Two. The Charlies thread was one of the most entertaining on here

The old Renouf shell incarnated into Hellaby Holdings will have some quite nice recollections for many
with the long swing up from penny dreadful to something the Aussies liked look of @ $3 or so a shot

[WAIKEN]

CDI carrying of undeveloped land at cost rather than current value like retirement Villages and other NZ property companies understates the value here. As I said in an earlier post I see the NTA above 1.60.
The scramble for land by builders to capitalize on excess demand is pushing section prices ever higher.
I have walked around CDI s subdivision at Prestons Park in ChCh and spoken to sales people from several builders there. The demand is overwhelming. All the sections developed and underdeveloped are spoken for.
We could see another 10% added to my estimate of NTA during 2021 ie 1.75

[Scrunch]

The construction boom and soaring house prices has led to a boom in purchases of sections and developable land to the point where shortages are appearing.

Tony Alexander puts out a regular newsletter. In the recent TONY'S VIEW Business Survey, he identified five key themes. The fifth of these is quoted above. This has to be good news for CDI.

[WAIKEN]

One major national residential builder/ developer has increased his section prices by20% in ChCh as sellers of parcels of land and other subdividers have raised prices for land. CDL is in a very sweet spot. As well as a deeply discounted NTA we may see a healthy dividend increase as it will help MCKs result as would a revaluation of CDLs land.