Must have been worried about the share price trending down at a rate of knots
https://www.nzx.com/announcements/387600
Suppose 4.77% yield not too bad …..still risky?
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Must have been worried about the share price trending down at a rate of knots
https://www.nzx.com/announcements/387600
Suppose 4.77% yield not too bad …..still risky?
“Tax paid dividend yield of 4.77%” :t_up:
Dont see much risk - the percentage of KPG revenue coming from speciality retailers that might be negotiating any rent abatements is fairly tiny. Also there is their annual asset revaluation coming shortly to look forward too (normally announced in late March/Early April).
Out of curiosity Winner, why would they be worried about the share price ?
There’s really only one way to fix that, and that’s with decent results over a sustained period.
And Beagle has told us repeatedly that they have struggled to provide those.
Disc: small holding. ( and getting smaller )
have to see how those new development pan out to access risk. Housing in a downward trend due to credit being withdrawn and cost of capital being removed in some categories of income.
The GVT policy in this area seems to have got its effect.
Risk yes is still here in this stock still in the 1.0 to 1.25 range for a while.
These guys are "brilliant". 5 years ago in 2017 annual dividends were 6.85 cps. In 2007, (15 years ago), annual dividends were 9.6 cps (13 cents per share in 2022 inflation adjusted terms). What a marvelous way to "grow" your income over time.
Almost goes without saying that the only thing that has grown really strongly over all that time is management's salaries.
Sorry, couldn't help myself express my contempt again for this wealth and value destruction machine.
As you were, just as well it will be different going forward ;)
really should go back and re read but far too busy..
someone should to the AGM and turn the heat up....
got the best retail property in NZ and its "Show us the MONEY!"
its a "Jerry MG" moment for sure....
https://www.youtube.com/watch?v=mBS0OWGUidc
They mentioned shareholders today ….. Kiwi Property Chief Executive Officer, Clive Mackenzie, said today’s announcement would offer the company’s shareholders certainty, amidst a volatile macro-economic climate.
See. …they worried about them seeing their capital diminish at a faster rate than dividends trying to keep up.
yep after 20 years its still stuck with an ever increasing asset base and a lower yield.
Relative to other yields is not the point on this one as MR B keep pointing out.
MR B is coming from a Balance Sheet perspective and it COUNTS!