And so do the PHL team. Well under the radar but recent published announcement shows solid progress.
Printable View
Debt holding back retirement village sector - report
https://www.rnz.co.nz/news/business/...-sector-report
roll out the cash raises
Or maybe they simply do what we have already discussed, as mentioned in the article:
"If interest rates and construction costs remain high, we estimate that the sector has an attractive 'out' by not starting any new build projects.
"This could result in the sector becoming largely debt-free."
Forsyth Barr said the three operators had each indicated they would scale back on development and take a more cautious approach.
"If these operators are able… to pay down debt alongside the development rundown… there would be a sizeable upside to the equity value over the next three to four years," it said.
property market still softening so i guess it keeps the pressure on these stocks
New Zealand annual house prices retreat further in March
https://www.newshub.co.nz/home/money...-in-march.html
Been doing my rounds of talking to real estate agents and developers in the last week.
Some trends starting to emerge in the property market.
Very very interesting and I will be bold and say that the bottom has already been reached in certain segments of the market.
For some other segments, more pain on the way and once the higher mortgage rates bite, the pain will be there for all to see.
Starting to put my money where I see the opportunities.
Will obviously update once I am set!
Suggest anyone really interested in what's happening out there - just go and talk to a few good real estate agents. They are hungry for business, especially the new ones and are more likely to be frank and honest about what's happening out there.