Quote Originally Posted by BlackPeter View Post
... another $600k to the bottom line as gain from selling non core assets:

https://www.nzx.com/companies/ARG/announcements/290682

I guess its not overwhelming news, but much better than a book loss ...
Better than a poke in the eye with a sharp stick that's for sure. I hold and am wondering if the decline to 52 week lows is a little overdone ?

I get it that the market is a little worried about the fact that we may be at the bottom of the interest rate cycle, certainly from an international perspective but with RBNZ looking to cut next month and a current PIE exempt return of 6.1 / 106 = 5.75% = 8.58% gross for 33% taxpaying shareholders I would have thought we'd found a floor at the current level.

Interesting to note that ARG has grown underlying earnings per unit by a CAGR of 6% per annum for the last five years. A somewhat misunderstood and very conservative investment in my opinion.