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  1. #8061
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    Property prices fall but Sales increase...........July

    http://www.sharechat.co.nz/article/a...ing-again.html

  2. #8062
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    Auckland's housing market no longer flatlining as new data shows prices are actually falling....................

    https://www.nzherald.co.nz/business/...ectid=12256048

  3. #8063
    Membaa
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    Quote Originally Posted by Scrunch View Post
    Yea, but IMO there appears to be hot money chasing the top end of the NZX listings. RYM falls into that group, SUM is a bit smaller doesn't have a multi-billion market cap. This is assisting SUM to testing the lower end of this rule. Poor sales by SUM aren't helping.
    All will be revealed next week, Tuesday 13th half year results. Market imo will be looking for a material improvement in sales performance. Everything else $ has been predicted in detail here and elsewhere.

  4. #8064
    Legend Balance's Avatar
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    Quote Originally Posted by dreamcatcher View Post
    Auckland's housing market no longer flatlining as new data shows prices are actually falling....................

    https://www.nzherald.co.nz/business/...ectid=12256048
    Property valuations are all based upon previous comparative sales value.

    Very nice on the way up for the sales people ('Buy as prices are going up and you will miss out' to the buyers) but extremely painful for the house owners on the way down ('Real market is going down, you better sell quick' to the sellers).

    So it's going to be down for another 4 years imo.

  5. #8065
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    Some big numbers going through SUM today. Things must be gearing up as this month we find out how they are performing.

  6. #8066
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    Quote Originally Posted by Ggcc View Post
    Some big numbers going through SUM today. Things must be gearing up as this month we find out how they are performing.
    Tomorrow, we find out.

  7. #8067
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by Ggcc View Post
    Some big numbers going through SUM today. Things must be gearing up as this month we find out how they are performing.
    Maybe Norah is buying back in
    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

  8. #8068
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    Quote Originally Posted by Baa_Baa View Post
    Tomorrow, we find out.
    Goodness how time flies 😊

  9. #8069
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    Maybe Norah is buying back in
    No - Harbour and Kingfish buying before the big jump.

    I see that Kingfish have more RYM than SUM now ...at June 30th was the other way around. RYM snuck into their Top 5 ..must be hind they are pretty good.
    Last edited by winner69; 12-08-2019 at 03:26 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #8070
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    Now growing as slow as that other dog starting with A... shows you how lofty the valuation was nearly touching $8 odd... operating cash flows barely up, and Available new sales uncontracted stock at the highest point in 5 years - not a good metric to be at the highest point in 5 years (and that is despite pulling back big time on new builds)... gearing ratio up as well (at a record level?)
    Alot of negatives on slide 4
    Last edited by trader_jackson; 13-08-2019 at 07:44 AM.

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