Cheers Goldstein Ive gone beyond normal measure of duty here but that's it, one troll has had their posts deleted so all good let's get back to the business of a great company and its future
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Skid posted this on the XRO thread:
http://money.cnn.com/2014/05/08/inve...ets/index.html
But equally it could be a positive for this thread.
Mortgage rules may go by the end of the year :)
http://tvnz.co.nz/national-news/mort...d-year-5967224
I couldn't resist a bit of blue sky dreaming this morning...what if SUM could grow their underlying earnings at 25% per annum on average over the next seven years, where would the stock price be ?
Almost exactly where it is now is the answer....after the 5 for 1 split :D
Its clear with the benifet of more time they have had some effect on the bottom end of the market turmeric. Yesterday's announcement that Auckland City Council will fast track approval for another 18,000 homes shows they are starting to realise the real issue is housing supply and that there's more than one way to skin a cat :)
I also think the Reserve Bank have realised their other blunt instrument, (raising the cash rate twice in quick sucession), has already had an even bigger effect.
Talk that they are considering intervening in the forex market may indicate they are looking at a more balanced approach towards executing their mandate...but I'd like to see their mandate changed, their myopic fixation with taming inflation and to heck with any other considerations is such at outdated and inappropriate approach IMHO...but that's probably good conversation fodder for a different thread.
NewGuy - There will be a lot of drinking at the pub after the AGM when that happens :D
Hey guys have deleted my above post outlining my and my wife's sector involvement after receiving comments from many behind the scenes it was too much info for a public forum like this and the associated risks with doing this given my situation . I guess you can be too honest sometimes,cheers couta