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13-07-2017, 10:25 PM
#3121
Originally Posted by troyvdh
I recognise this entity is "Sharetader".....but can someone enlighten me on the deficits of not investing in a company....I've said this before ....it ain't ain't hard to see what many folk avoid the SM.....it's a casino....and it should not be.
You can't have a properly functioning SM without both traders and Investors, each person's individual personality determines which end of the spectrum one sits, others sit in the middle and enjoy the best of both worlds.
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13-07-2017, 11:14 PM
#3122
Originally Posted by JeremyALD
Well that was a very gloomy report about the state of the market. Notice their shorting SUM too.
The Fund remains slightly net short the retirement village sector but did cover its mid-sized Summerset short near its lows as share prices fell sharply during the month as the long-awaited housing slowdown began to be priced in. We now have a large long in Metlifecare, a large short in Ryman, a tiny short in Arvida and a modest short in Summerset which we put back on after it bounced on a (last??) earnings upgrade late in the month.
Yes indeed. Maybe they closed this out today, (heavy volume in SUM), after getting squeezed very badly on their large RYM short, (extremely heavy volume).
These guys are badly underperforming the market so far this year, (up over 10% on the NZX50) and they're up just 2.6%. What's the bet they're having a very bad July !
Last edited by Beagle; 13-07-2017 at 11:15 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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13-07-2017, 11:28 PM
#3123
Totally correct and appreciated...However ...can you understand where I am coming from...can you appreciate that a huge percentage of population view the Sm as a casino....and invest in property....blah blah....Gee ..don't you get it...why should the SM be the domain of a few in the know....as stated a few years ago in the Listner a few years ago....NZ could end up as the Fiji ...with snow.....Am I wrong?????...... Do you like ...care....
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14-07-2017, 01:15 AM
#3124
Will probably see Salt increase their short position at these levels...
The conviction required for a short position is usually twice that of a long... ha, wouldn't expect any "covering" based on a lame 8% movement.
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14-07-2017, 08:24 AM
#3125
I wonder whether Salt can be "right", and stay solvent longer than the market remains "wrong", with the retirement village sector.?
Every day is a day closer for me moving into a retirement village.50,000 a week are already making a retirement village their new home.Wonder how many a week it will be when I move.?
Disc.
Extremely long on RYM.
Very long on SUM.
"well positioned " to be long on OCA.
Last edited by percy; 14-07-2017 at 08:25 AM.
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14-07-2017, 08:40 AM
#3126
I wonder if Salt are well, worth their Salt compared to other fund managers, I don't reckon. The only short position that's showing any sort of traction for them currently is CNU.
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17-07-2017, 03:53 PM
#3127
Simon Challies sold 1,000,000 shares. I wonder what has happened to the aim of RYM's becoming No 1 company on the NZX.
https://www.nzx.com/companies/RYM/announcements/304131
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17-07-2017, 04:07 PM
#3128
Originally Posted by Bjauck
Isn't it to be expected that a CEO, retiring due to ill-health, will want to diversify his investments, irrespective of the merits of and prospects for his former employer?
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17-07-2017, 04:09 PM
#3129
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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17-07-2017, 04:10 PM
#3130
Member
Originally Posted by Bjauck
hmmmmm, people buy and sell for whatever reason, Parkinson’s Disease is a pretty good reason. I think it was the family trust, not sure about delays getting monies from trust to personal bank accounts/tax reasons ect. Personally i'd be concentrating on family and health, I wouldn't be giving a stuff about my old place of work.
https://www.rymanhealthcare.co.nz/th...health-reasons-
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