they are property developers who leverage there gains to rinse and repeat. thats how they make most of there money
dare i say the gig is up for property developers for the near future
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they are property developers who leverage there gains to rinse and repeat. thats how they make most of there money
dare i say the gig is up for property developers for the near future
Surely overseas fund managers would have research assistants to look into prospective NZ investments. A cursory analysis reveals the ORA effect. Maybe I am being naive.
Was an interesting correlation Maverick but I note it's only since beginning of this year
To test your thinking that offshore fund managers probably see our RVs as simple property developers it would be good if you looked at the trends say over 5 years
Can you do that?
Generally it seems to, though whether that proves the 'fund manager' theory is debatable. This chart is our RV's relative performance with DOW Jones U.S. Real Estate Index (DJUSRE) since 2017 https://invst.ly/zcwr4
After the Covid lows, DJUSRE peaked about 3-4 months later than our RV's, then went into a similar decline. Might be nothing in that, but it's perked up already on this chart whereas our RV's haven't yet.
Ever seen a (reasonably large sized and successful) fund buying or selling based on TA (i.e. with the tide)? That's something only couta's reef fish can do. A fund can only buy meaningful into a downturn and sell into an upswing - otherwise they just create their own technicals which have nothing to do with market mood.
SUM is a favourite of the brokers, they push it over OCA to their clients I know that first hand.
Certainly has been relatively, note the data is SP relative performance, which doesn't include earnings paid out. SUM has a pitiful gross dividend yield at 1.99% compared to OCA at 5.24%. Hard to see why a dividend hound would like that, unless they're banking solely on continuing SP outperformance.