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26-07-2017, 11:35 AM
#321
That $1.50 odd just from a chart perspective
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-07-2017, 12:13 PM
#322
Originally Posted by winner69
Yep heading back to $2 early next year
Positive momentum on back of positive news about a coming super boom in housing
No worries
Agree. No worries whatsoever !
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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27-07-2017, 03:08 PM
#323
Close at $1.50 today?
Back to where it was last March - that's good
No reason $2 before year end
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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27-07-2017, 05:27 PM
#324
Originally Posted by winner69
Close at $1.50 today?
Back to where it was last March - that's good
No reason $2 before year end
Bang on the money mate...you're a true guru ! Agree about the second part too
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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27-07-2017, 05:45 PM
#325
Originally Posted by Beagle
Bang on the money mate...you're a true guru ! Agree about the second part too
Building consents data out Monday
Likely to be good and if headlines are good then watch for that seasonal uptrend in MPG share price (as BP recent notes)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-07-2017, 04:27 PM
#326
I certainly like the current uptrend - the suggested resistance in the early 150'ies was not that hard to overcome - wasn't it? Maybe some people know already the numbers for the June building permits?
While we wait for the official release from Statistics NZ - here are some relevant government announcements for a total of 70,000 new homes across New Zealand (and I suppose they all will have windows ):
another 10.500 houses for Auckland:
https://www.beehive.govt.nz/release/...ouses-auckland
10,700 houses for the Waikato:
https://www.beehive.govt.nz/release/...houses-waikato
35,000 new houses for Tauranga:
https://www.beehive.govt.nz/release/...ouses-tauranga
and wait - there is more:
- Hamilton City Council – $272 million – 8,100 houses
Greenfield development (Peacockes) on southern edge of Hamilton.
- Waikato District Council – $37 million – 2,600 houses
Te Kauwhata (new development on the shore of Lake Waikare).
- Queenstown Lakes District Council – $50 million – 3,200 houses
Two new greenfield sites (Quail Rise South and Ladies Mile) on the Frankton Flats and an extension of the Kingston township.
Interesting how elections can sharpen the focus ... ;
Last edited by BlackPeter; 30-07-2017 at 04:29 PM.
Reason: added a headline to the links ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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30-07-2017, 04:37 PM
#327
Originally Posted by BlackPeter
I certainly like the current uptrend - the suggested resistance in the early 150'ies was not that hard to overcome - wasn't it? Maybe some people know already the numbers for the June building permits?
While we wait for the official release from Statistics NZ - here are some relevant government announcements for a total of 70,000 new homes across New Zealand (and I suppose they all will have windows ):
another 10.500 houses for Auckland:
https://www.beehive.govt.nz/release/...ouses-auckland
10,700 houses for the Waikato:
https://www.beehive.govt.nz/release/...houses-waikato
35,000 new houses for Tauranga:
https://www.beehive.govt.nz/release/...ouses-tauranga
and wait - there is more:
- Hamilton City Council – $272 million – 8,100 houses
Greenfield development (Peacockes) on southern edge of Hamilton.
- Waikato District Council – $37 million – 2,600 houses
Te Kauwhata (new development on the shore of Lake Waikare).
- Queenstown Lakes District Council – $50 million – 3,200 houses
Two new greenfield sites (Quail Rise South and Ladies Mile) on the Frankton Flats and an extension of the Kingston township.
Interesting how elections can sharpen the focus ... ;
......and tens of thousands in Wellington and Hutt Valley .....
.......and no doubt heaps more retirement village units
Gee whizz
Only question is over what time period .....and whose going to pay for them.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-07-2017, 05:05 PM
#328
Might be able to afford to double glaze my home the way this is going, BP tells me it has huge lifestyle benefits, (who cares about ROI) so it must be good as he's the guru on this stock.
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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31-07-2017, 11:44 AM
#329
Residential consents DOWN 7% in June
They'll pick up in July - no worries
http://www.sharechat.co.nz/article/e...-7-in-junehtml
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-07-2017, 11:47 AM
#330
Latest building consent numbers are out 2560 units consented in June; Slightly down compared to May (2794), but June so far (except 2016) was always weaker than the May numbers). This number (while a bit below the June 2016 numbers: 2824) is well in range of what my model expected (based on the last 7 years).
I do see this as quite positive ... and if we keep going this way, than 2017 will be the year with the highest number of building permits issued since I started recording them (2008).
My model predicts roughly 30750 building permits for 2017. 2016 it was 29214.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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