ARG - Argosy Property.

[Waltzing]

"1.60 " many thanks! well that would be a very pleasing site indeed...

HLG Under rated... OCA.. asset plan under rated.. im sure many investors have there FAV under rated stock..

[peat]

getting to keep the 4 and a half mill deposit seems like a useful addition to the cashflow and gain on disposal !

[Beagle]

getting to keep the 4 and a half mill deposit seems like a useful addition to the cashflow and gain on disposal !

Clear they're pursuing them for damages on top of that amount too.

Interestingly at $1.39 ARG provides a reliable, (even through Covid) 4.58% tax paid PIE yield which for 33% taxpayers = 4.58 / 0.67 = 6.84% gross.

That's pretty decent in a zero interest rate environment.

[Waltzing]

We may miss out on the big OCA gains and the big HLG DIV and the HM (sweden euro price recovery) but ARG has proven itself the safe haven we thought it would while we made short term gains on KMD and sold GMT but traded.

We though ARG was better then returning money from sales of shares to bank deposits. A lot of people missed this one but should pick up bigger gains in other stock but not all of those pay imputed divs. HLG has a big RIR (retail investor risk) and we just cant put a big number on those types of stocks.

Investors over 50 might be looking to find safe haven portfolios with prehaps only 25% in high risk growth stocks.

[Beagle]

ARG lining up to be the next cab off the rank to get 7 year money off the punters at just over 2%. https://www.nzx.com/announcements/361276

[NZSilver]

I see it pushing past $1.50 very soon. Great return over the last few months

[Waltzing]

DISC: holding in 2 portfolios and will trade in a third holding company.

As my grand father used to say.. (ANZ employee in the 1950-60s) keep your money working.

What a stellar underperformer.

It has been found for many industries overseas you need that office for ramping up the ideas but not 100 percent of the time and you still need to warehouse. Good and services cant fit into small spaces at home or in the garden.

Cloud computing is just the old main frame model on steroids and comes with its own problems. There is nothing better than distributed systems and work spaces to harden the business model.

Our defensive line has held. We could have gone HM sweden but thought the NZ approach would actually be the best because the world was not ready to cope but next time this NZ approach wont be the best model but we though ARG provide the best defence but we could also have and should have gone with FPH as the balance but pivoted KMD and HLG based on GFC performance.

Low risk seeking investors should have rolled into here already.

[Beagle]

Some people reckon there's an old proverb that when a company does a bond issue, buy the shares instead which usually get materially rerated. Worked a real treat for people who know the proverb and bought up heaps of OCA at $1.05....might we see a repeat here ?

[Waltzing]

Bullish for the NZ commercial property sector investor . Getting in now while rates are low. We always buy the equity expecting both DIV and Gain.

[Waltzing]

pushing up against 150 ... still cheap with money for development cheap as chips..