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02-11-2015, 04:25 PM
#2431
Originally Posted by Roger
Tony Alexander is a good economist who's relying on official REINZ date that is out of date
Alexander uses REINZ but also does his own regular surveys of the industry. Still, it is the guys on the ground who should have the best insight...
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02-11-2015, 04:35 PM
#2432
A distant view of mountains
Do not care a hoot whether the Auckland property market is going to boom some more or bust - I sold the last of my Ryman in July-14.
As of today I would be 'interested' if the share price was less that $6.72 and by the time next March arrives that interest will have risen to $7.25.
I believe far too many have lost sight of what they are actually buying when they buy Ryman and in historical terms it is still trading well in excess of long term average multiples.
Best Wishes
Paper Tiger
Last edited by Snow Leopard; 02-11-2015 at 04:36 PM.
Reason: average
om mani peme hum
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02-11-2015, 05:09 PM
#2433
Originally Posted by Paper Tiger
As of today I would be 'interested' if the share price was less that $6.72 and by the time next March arrives that interest will have risen to $7.25.
I believe far too many have lost sight of what they are actually buying when they buy Ryman and in historical terms it is still trading well in excess of long term average multiples.
Best Wishes
Paper Tiger
Bang on the money and inline with Winner69's and my thinking. More likely the SP will just continue to track sideways and investors will "enjoy" their ~ 1.5% divvy yield until earnings growth catches up with fair value. My best guess...another 2 years sideways for the SP.
Last edited by Beagle; 02-11-2015 at 05:11 PM.
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03-11-2015, 09:05 AM
#2434
Originally Posted by Paper Tiger
As of today I would be 'interested' if the share price was less that $6.72 and by the time next March arrives that interest will have risen to $7.25.
You are confident then that the value of Rymans will increase by 7.9% in the next 4 months? Maybe its that kind of predictability and growth, that explains why it was a good buy at $7.20 a few weeks ago.
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03-11-2015, 12:06 PM
#2435
Originally Posted by Biscuit
You are confident then that the value of Rymans will increase by 7.9% in the next 4 months? Maybe its that kind of predictability and growth, that explains why it was a good buy at $7.20 a few weeks ago.
Hmmm.... I don't think that the tiger was saying that. His 7.9% growth is predicated on a current shareprice of less than $6.72 - which, of course, isn't the case.
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03-11-2015, 03:41 PM
#2436
Originally Posted by macduffy
Hmmm.... I don't think that the tiger was saying that. His 7.9% growth is predicated on a current shareprice of less than $6.72 - which, of course, isn't the case.
I think he was saying that, in his opinion, the value (not the share price) would increase by 7.9%.
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03-11-2015, 03:54 PM
#2437
I don't know what the share price will do and i sold a while back,but what I'm reading ,and hearing on National Radio news today; permits/ consents still arn't matching the inflow of new residents and that prices are slowing but still increasing i.e. demand still exceeding supply so to say the market is plunging is just misleading based on that. Don't panic Mr Mannering.
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03-11-2015, 04:04 PM
#2438
Originally Posted by Joshuatree
I don't know what the share price will do and i sold a while back,but what I'm reading ,and hearing on National Radio news today; permits/ consents still arn't matching the inflow of new residents and that prices are slowing but still increasing i.e. demand still exceeding supply so to say the market is plunging is just misleading based on that. Don't panic Mr Mannering .
Capt Mainwaring surely, you stupid boy IMO, if we relied on underlying profit only and ignored land values, I think we would have to wait a long time before underlying profit justified the current price.
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04-11-2015, 11:50 AM
#2439
In Auckland - Monthly sales volumes fell 21 percent to 1,068, compared with a 3.3 percent gain in September.
http://www.sharechat.co.nz/article/6...introducedhtml
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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04-11-2015, 01:59 PM
#2440
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