ARG - Argosy Property.

[winner69]

Not quite sure this is a fair conclusion. It is just that most working people (who well might be share holders) don't have the time to go during the day to such an event

True …oldies need things like this to give them something to do …an outing every now and again.

[NZSilver]

Not quite sure this is a fair conclusion. It is just that most working people (who well might be share holders) don't have the time to go during the day to such an event

Haha good call, purely speculation on my part nothing really to back it up except at the last presentation the CEO said he was very aware that many people rely on this for an income stream and argosy wasn't going to go out an purchase more properties at a lower yields (compressed cap rates) and dilute the returns/div. It wold be interesting to have a breakdown of the age of holders on some companies vs others purely for interest sake,

[ronaldson]

You may recall that years ago, when the Company was administered via a management contract, the Manager proposed investing in commercial property in Japan. I pointed out that the Board and management were effectively fiduciaries for the many ( mainly ) retired shareholders in the room for that particular AGM and the only proper course if they were enthusiastic about the proposal was a new company for that purpose so folk could decide for themselves if that was an investment they were comfortable with and wished to be involved with. The talk died away, and soon after the management contract was bought out anyway and ARG became self governing.

Remarkably, Peter Mence, still CEO, had that capacity under both basis of management. If you talk to him privately he will leave you in no doubt which is preferable!

[NZSilver]

I note Craig's is always quite negative on ARG in their info around the listed commercial property sector. I'm sure if they were to change their view that would bring a lot more people onboard

[Waltzing]

Well Blackrock just disclosed it's increasing share holding...In an environment of increasing interest rates it's contra to what many have been expecting and a BIG vote of confidence in this company.

[JohnnyTheHorse]

Well Blackrock just disclosed it's increasing share holding...In an environment of increasing interest rates it's contra to what many have been expecting and a BIG vote of confidence in this company.

It's just ETF inflow. Thinking of re-establishing a short around these levels. Hmmm...

[Waltzing]

yes list of trades in on the bottom... thanks for that...

if it drops back to 1.42 would BUY.

7 billion tax increase and bloated govt spending propping up GDP....

why short a market...

unless the 7 billion is spent on debt repayments

[Snoopy]

REITS have currently a bit of a headwind - interest rates going up, property prices might be close to peak.

Just doing a little valuation exercise on 'property under management'.

Over FY2021	Industrial	Office	Large Format Retail	Total
Argosy @ EOFY2021	$985m	$812.7m	$213.2m	$2,010.9m
Argosy @ EOFY2020	$842.8m	$752.2m	$270.0m	$1,865m
Argosy average over FY2021	$913.9m	$782.5m	$241.6m	$1,938m
Portfolio distribution	47.1%	40.4%	12.5%	100%
Annual Rent Review Change	+3.1%	+4.3%	+2.2%	+3.3% (overall)

From AR2021 p13

ACQUISITIONS AND VALUE ADD DEVELOPMENTS
"A highlight during the year was the strategic acquisition of two contiguous industrial properties in Mt Richmond, Auckland, in October 2020 for $76 million."

Does this indicate that industrial property is going to be the 'sweet spot' going forwards?

"Securing these strategic sites within a prime industrial precinct with historically very low supply levels makes sense. It allows us to be ready and responsive to changing demand patterns, not just now, but in the years ahead."

SNOOPY

[winner69]

yes list of trades in on the bottom... thanks for that...

if it drops back to 1.42 would BUY.

7 billion tax increase and bloated govt spending propping up GDP....

why short a market...

unless the 7 billion is spent on debt repayments

You must own the company now waltz ….down to 137

Who would have thought

[Cyclical]

You must own the company now waltz ….down to 137

Who would have thought

LOL. Been picking up a few of these lately. Another quality stock down ~21% from recent high. Or put another way, she'd be a 26% gain when it gets back up there eventually.