https://www.1news.co.nz/2023/04/20/e...ght-corelogic/
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lol.... long way to run on the housing market downturn... RBNZ still hiking!
Another 20% down into the recession?
That would leave them on PE's of around 50 times and still dramatically overvalued on just about any metric.
(Annual rent / 2) / 8%
That is still expensive and will give you a max 8% return but would mean a 50 to 60% price drop from here which wont be allowed to happen so you'll just get very very low forward returns instead.
If you step on a soft pipe containing water you can squeeze the water into one end of the pipe and pressurise it or step off the pipe and let the water balance but unless you add water too it it's all a wash.
So if there is x cash flow into an asset over 20 years, you can have it now or spread out but not both. Higher current prices are just lower forward returns and vice versa.
bollinger getting excited
https://www.youtube.com/watch?v=KQ6zr6kCPj8
Nasty piece of share ...... The management should be sacked....
Take me off from NZX at 20c plz...what a waste!
Another down week
Instos / fundies doing their thing as per Balances view of the world
68 cents is pretty low though
Sorry folks..just being funny...can not help it. Sorry, I could see some much frustration here