FPH results forecast challenge ...
My estimates ...900 mil revenue / 215 mil NP
Updated Guidance 1.8 Bil sales with 425-440 mil NP
Guys help all with your estimates please :t_up:
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FPH results forecast challenge ...
My estimates ...900 mil revenue / 215 mil NP
Updated Guidance 1.8 Bil sales with 425-440 mil NP
Guys help all with your estimates please :t_up:
I did pose the question to my bank manager a few months back...can I borrow some dough against the house to buy OCA shares? At that time they were about 80 cents...what a great return that would have been. Unfortunately they didn't like the concept despite us having plenty of equity in the house. Meanwhile they're more than happy to throw money at us to buy a rental... Still, I guess things were looking pretty scary for banks a few months ago.
Same thing happened to someone else I know who has $3-5 million in shares and wanted to borrow $100,000 against his house on OCA as well at 65 cents. The bank said no, as shares are not classed as reliable assets. In the bank’s defence it was right in middle of lockdown.
And therein lies a problem with the distorted NZ financial system. Banks would rather lend on non productive assets.
Why ? because of their own self interest to inflate the housing market so they can lend out more money to "investors" grrrrh !!!
Just get a margin account then you don't even need the conversation
Or a revolving credit account
Looking for views about FPH prospects ahead .
What part of Covid recovery is priced in ? How much more it need to correct to become attractive again if Covid recovery theme is fully discounted ?
Or this Covid situation will keep helping it longer then market thinking at the moment .
SP keeps coming down inspite of its best results ever to be announced are just round the corner ...so need help in trying to understand what's happening :confused:
Market expecting it to lower full year guidance or say something negative about future due to vaccine news ?