Closed a week ago after going ex dividend at $1.46, and now one week later over 700k traded at 5.00pm at a match price of $1.60. That is some change in sentiment!
Interesting move that's for sure. Seems to me that a lot of money is flowing into REIT's at the moment. N.Z. seen as a safe haven and money from property in China looking for a safer home ?
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
Interesting move that's for sure. Seems to me that a lot of money is flowing into REIT's at the moment. N.Z. seen as a safe haven and money from property in China looking for a safer home ?
interesting theory... is there anyway to see if this is the case.. i think you could be onto something...
Its just a theory without any way to be sure but for what its worth it was a big surge late in the day when the Chinese market was open. Another theory here possibly just as good or better, paywalled https://www.nzherald.co.nz/business/...4HXXXYWZ3VIU4/
Except :- Matt Goodson, managing director of Salt Funds Management, said there has been a switch into property stocks.
"The sector has been extremely weak with the prospect of rising interest rates. That outlook hasn't changed but money is coming back into the market. The talk is that some of the KiwiSaver default changes are filtering through as portfolios are rebalanced."The property sector has been lagging Australia and maybe it's playing catch-up. In inflationary times property companies have the chance of increasing rent and this increases their defensiveness," said Goodson.
Last edited by Beagle; 13-12-2021 at 08:55 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
Unless the CCP changes it strips china is un investable unless you want to take extreme Risk.
NZ is considered low risk unless of course it too swerves any farther into extreme tax policies such as Interest of capital being removed over more sectors of the market. Money might come into this sector from many corners of the worlds capital markets.
Small island limited land, prices will always be under pressure as it value is appreciated world wide.
Bit like holland where land is almost price less.
Unless a land tax is brought in which might just see rent go up even farther...
Very pleased to see this sector prices move up ; its a defensive stock which means why sell.
DRP strike price is massively below current market price, even though the DRP is offered at no discount calculation this time. Real value for those not swayed to move to cash payment in lieu.
yes $1.51, pretty handy, I considered going to a cash dividend for about 2 seconds then thought long term shares were better, in saying that I'm sure there will be an opportunity to buy below the strike price at some point in the future, but I like the DRP for compounding purposes.
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Originally Posted by Beagle
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