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 Originally Posted by winner69
Man from Forsyth Barr said on the radio this morning now might be a good time to lock in the wealth that’s has been created from property companies (wasn’t really paying too much attention but I think he said they were becoming more ‘riskier’ and the futures gains v risk didn’t stack up)
I wasn't listening very intently either - too early in the morning! - but the impression I got was that the caution was directed at "risk", generally, now that the NZX50 had topped the 10k mark. I didn't hear "property companies" mentioned specifically but stand to be corrected by anyone more awake!
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Makes common sense to spread some capital around now, overseas, especially with the potential for the Kiwi dollar to keep falling.
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
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Originally Posted by Beagle
Makes common sense to spread some capital around now, overseas, especially with the potential for the Kiwi dollar to keep falling.
For most here risk is a rather subjective thing anyway
Doubt if any do a Sharpe Ratio for their portfolio - let alone do an Efficient Frontier exercise is see whats the best risk adjusted return is
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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https://www.nzx.com/announcements/333670 Looks like this development is on sound metrics.
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
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Yep , sounds good Beagle, Costs 64 valued at 94...... lets see if they keep to budget, good returns too.
shes a steady plodder this one and a reasonable PE at the moment, and nice quarterly div.
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Junior Member
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Looking forward to the annual result tomorrow. ARG has been a quiet but fairly impressive performer in my portfolio this last year and the chart looks impressive too !
ARGCHART.jpg
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
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GMT beats it over 2 years.
I hold both.
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I very recently sold out of GMT (having done very well) as its now trading at a substantial premium to NTA and yet again, (must be 4 or 5 years in a row now) the annual dividend has not been increased.
I also noted in the annual report the adjusted earnings now that the manager is no longer taking shares in lieu of management fees would have been just 6.2 cents per unit for FY19.
Gross rental income has been steadily decreasing year after year. I believe GMT has run ahead of itself and is trading at about 10% above my assessment of fair value.
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
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http://nzx-prod-s7fsd7f98s.s3-websit...898/300302.pdf
Good solid result. Gross effective yield of ~ 7% for those on a 33% tax rate.
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
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