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26-09-2019, 02:42 PM
#841
Ahem, cough, cough...because we all know Forbar's valuation are the gold standard...What time is it ?, yes that's right you guessed it, Time for a Tui
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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26-09-2019, 08:05 PM
#842
Member
LOL, who would take much notice of Forsyth and Barr's analysts "valuation"
In 2017 their top five picks (published in national papers) included....
Evolve Education (which they were joint lead managers of the IPO, with GS)
CBL Insurance (which they were joint lead managers of the IPO with UBS)
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26-09-2019, 08:49 PM
#843
I remember, years ago, sum laughed at the prospect that the ol' dog Arvida would have the same (or even close to the) share price as heartland... suddenly not that far fetched anymore.
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27-09-2019, 09:06 AM
#844
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27-09-2019, 09:16 AM
#845
Arvida only covered by Forsyth Barr so we don't know if their estimate is out of line with the market because no other analyst bothers with them !
On the other hand SUM warrants reasonable analyst coverage and the consensus is outperform with a price target of $6.91 https://www.marketscreener.com/SUMME...438/consensus/. On that basis Forbar at 19 cents too optimistic so you might get to $1.55 in 12 months time if you're lucky
I am sure you would have noticed I didn't translate this into percentage terms
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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09-10-2019, 04:06 PM
#846
https://www.nzx.com/announcements/342378
Now this is smart... that Queenstown purchase sounding and looking better each and every day.
And the share price, currently at $1.48, looking cheaper and cheaper
Last edited by trader_jackson; 09-10-2019 at 04:08 PM.
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11-10-2019, 12:04 PM
#847
Member
$1.50.. maybe $1.70 odd valuation is correct...
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15-10-2019, 02:13 PM
#848
$1.52 and counting... wow less than 10 cents away from Heartland... when I proposed such a thing a few years ago (that ARV would get close, and possibly exceed heartland's share price) I was (figuratively speaking) laughed out of the room... how things have changed.
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15-10-2019, 02:18 PM
#849
Originally Posted by trader_jackson
$1.52 and counting... wow less than 10 cents away from Heartland... when I proposed such a thing a few years ago (that ARV would get close, and possibly exceed heartland's share price) I was (figuratively speaking) laughed out of the room... how things have changed.
Come on no one likes a gloater. I know you have done well in this company, but people tend to learn more from losing than they do winning at picking shares. I like to think I have learned soooo much lol
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15-10-2019, 02:41 PM
#850
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