... and haven't they a queue of serveral thousand units still to build?
Most of which are already consented. SUM companies have multi year unresolved Boulcott consenting fiasco's, not OCA
A client of mine had an 8 figure property deal fall over last week because the buyer couldn't get the consenting they needed to make the development commercially feasible...a salient reminder to me of the value of existing resource consents, not that I needed it !
Last edited by Beagle; 19-12-2018 at 03:31 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
The conversion of their carebeds to care suits provides a 1 off big cost but is regained byrevenue certainly repeated in future years.
Seriously Bull....? I hope no one on this thread associates the frequency of your posts with the idea you actually know what you`re talking about.
i must be smoking to much , i thought when you had an existing stock of beds and you convert them to a care suite. there is a cost for conversion but when they sell them they get 10% upfront and a gain from the sale over the cost on the books before of the care bed.followed by 10% each yr for a total of 3 yrs. the point i was making they donot have a delay for new builds consented as its existing stock so they making 10% revenue gains very quickly etc which can only be replicated in revenue in the future if they get enough brownfields up and running which is highly dependant on consenting and land
just to clarify its a fast way to make the books look good
Most of which are already consented. SUM companies have multi year unresolved Boulcott consenting fiasco's, not OCA
A client of mine had an 8 figure property deal fall over last week because the buyer couldn't get the consenting they needed to make the development commercially feasible...a salient reminder to me of the value of existing resource consents, not that I needed it !
how much of the consented stuff is existing stock?
I went fishing today and looked at the price when I got back. My mouth is drooling, but who knows where the bottom price is when someone is dumping their shares.
I went fishing today and looked at the price when I got back. My mouth is drooling, but who knows where the bottom price is when someone is dumping their shares.
Dumping their shares and taking a good loss I reckon which makes me feel good.Lol
Originally Posted by bull....
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