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09-04-2019, 04:59 PM
#7421
Originally Posted by bull....
they start with premium clients selling first then the riff raff get the call to sell , moves down the line think thats how it works so by fri craigs riff raff will be selling wont they?
Yup, that's how the industry works - fund managers & institutions & high value clients first, then premium clients and then, the riff-raffs (so to speak).
Guess, Couta has a point about down ramping - instos could be happily picking up stock off the riff-raffs at around current levels after selling out at over $7.00 just 6 months ago.
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09-04-2019, 05:00 PM
#7422
Originally Posted by bull....
craigs: Sell summerset
= we need more brokerage transactions
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09-04-2019, 05:03 PM
#7423
Originally Posted by minimoke
= we need more brokerage transactions
Which is precisely why I put a lot more credence on the average analyst forecast as this tends to remove the vested interests and bias (at least to some extent).
I think $7 a year hence is a fair call.
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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09-04-2019, 05:38 PM
#7424
Member
[QUOTE=Beagle;754680]I don't want to be rude but honestly I couldn't care less about individual anecdotal evidence. National average is all that's relevant and is up 2.5% year on year.
Thats ok just thought i would throw it in there
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09-04-2019, 06:04 PM
#7425
Originally Posted by Balance
Good. That's why the sharemarket is such a wonderful place - a market where different perceptions of value and expectations differ.
Sp was $7.50+ in October 2018 when data of Auckland's struggling property market started emerging - discounted at that time by the real estate industry of course!
Those who took heed vs those who believe it's just temporary.
SUM canny investors sold at just on $8 last year and with underlying profit growth since then of 22% think the current price is extremely good value for long term investors.
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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09-04-2019, 06:10 PM
#7426
Probably a reason why resales look a bit slack
What a lovely soul she must be ....be good if average tenure could increase significantly
https://www.nzherald.co.nz/wanganui-...ectid=12219673
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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09-04-2019, 06:27 PM
#7427
Originally Posted by winner69
Lovely to see. This thread could sure use a dose of her positivity lol
Forgotten FACT in the rush for everyone to post their apocalyptic views of the real estate market. Last year SUM added 454 units AND 52 care beds.
Last edited by Beagle; 09-04-2019 at 06:28 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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09-04-2019, 06:31 PM
#7428
Originally Posted by freddagg
Ok, I have found what Craigs said. It was on the 28/3/2019 and was a Strategy Report for private wealth research in the NZ equities Portfolio.
They did not say SELL SUMMERSET, BUY GENTRACK AND SCALES
they said "Removing Summerset (previously 6%) and increase Ryman weighting to 8%(from 6%)"
In another part of the report they said they were introducing both Scales and Gentrack into the portfolio
Not quite the same thing
Fair enough, Sharechat and the Herald reporter who wrote the article have clearly misreported Craigs recomendations then
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09-04-2019, 06:33 PM
#7429
Originally Posted by Beagle
Lovely to see. This thread could sure use a dose of her positivity lol
Forgotten FACT in the rush for everyone to post their apocalyptic views of the real estate market. Last year SUM added 454 units AND 52 care beds.
Salt of the earth family those Bevans. I'm proud to say they are a wanganui family and all of them are the most positive family you could ever find.
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09-04-2019, 08:20 PM
#7430
Originally Posted by minimoke
= we need more brokerage transactions
As they say, brokers only make you broker!
Might have to jump into sumthing here tomorrow, sum has finally, after years of being overvalued, starting to look valued more reasonably (given the impressive growth - which we all know will halve this year for the first time in half a decade, but I believe this is nearly priced in)
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