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07-04-2017, 11:54 AM
#101
Originally Posted by percy
Rym and Sum make a development profit, and profit on resales, no matter what the property market does..
Yea I believe some do and some don't, guess though when the property market peaks those profits on resales wont be as good as has been.
one step ahead of the herd
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07-04-2017, 12:14 PM
#102
Originally Posted by bull....
Yea I believe some do and some don't, guess though when the property market peaks those profits on resales wont be as good as has been.
Vaygor1 has had a lot of good stuff to say about this which explained why throughout the GFC RYM's profits increased every year.
Perhaps PM him and he might be so kind as to direct you to his post on RYM about the subject. I don't have any concerns. I view any pullback on SUM as a buying opportunity.
Forward PE of around 16.5 based on underlying EPS (my estimate of 32 cps for 2017) for a stock of this caliber is compelling value in my carefully considered view.
Based on SUM's fundamentals and growth the only reason I see to invest in any other stock in this sector is diversification but I am fine with a few MET and a 14.7% portfolio position in SUM, enough for me so won't be investing in this new float.
Last edited by Beagle; 07-04-2017 at 12:44 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
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07-04-2017, 12:30 PM
#103
I have applied for Oceania, after what I admit was a little less research than I like i think there is upside potential in this one.
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07-04-2017, 12:48 PM
#104
Originally Posted by Roger
Vaygor1 has had a lot of good stuff to say about this which explained why throughout the GFC RYM's profits increased every year.
Perhaps PM him and he might be so kind as to direct you to his post on RYM about the subject. I don't have any concerns. I view any pullback on SUM as a buying opportunity.
Forward PE of around 16.5 based on underlying EPS (my estimate of 32 cps for 2017) for a stock of this caliber is compelling value in my carefully considered view.
Based on SUM's fundamentals and growth the only reason I see to invest in any other stock in this sector is diversification.
House prices fell 2008/09 ......RYM NPBT fell as well (and underlying profit hardly moved)
It was only a blip in the long term trend ....over time house prices always go up they say .... and for the foreseeable future RYM et all will continue to build new units and resell the ones of the dearly departed
Sometimes I think punters think too much and complicate things so much they don't see the big picture
When investors are euphoric, they are incapable of recognising euphoria itself
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07-04-2017, 01:42 PM
#105
Originally Posted by percy
You are most probably right about the leaky buildings etc,however I am guessing they have not had the "influence" they wanted.
thats what I heard on the radio this morning....comments from Mark B
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07-04-2017, 02:41 PM
#106
Last edited by Beagle; 07-04-2017 at 02:52 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
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10-04-2017, 12:39 PM
#107
Any news anyone on the deal, pricing etc ? Was expecting an offer from my broker today
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10-04-2017, 12:47 PM
#108
we've closed our book, and our bid has been placed.
not expecting much else to happen today the offer document says
The Final Price is expected to beannounced and posted on www.shareoffer.co.nz/oceaniahealthcare on or about 12 April 2017
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10-04-2017, 01:00 PM
#109
I thought it was curious timing of Infratil to dump their MET stake in the middle of this IPO process. One would have thought they'd get more for it at a time when the market wasn't being asked for ~ $200m already by a capital raise in this sector.
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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11-04-2017, 12:58 PM
#110
Originally Posted by couta1
What do you make of these figures Roger you will be able to interpret them better than me.The company has Net liabilities of 132.9 million, 267.2 million in shareholders loans from Macquarie plus they are carrying 274 million in bank loans.
Has this changed much?. Couta you work in this industry in some capacity; do you have an opinion on Oceania as an investment.? Ive been pointed to chris lees latest newsletter where he is saying 82c or thereabouts is the price , at the lower end.
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