not traders stock for sure. Seems to be a bit under valued still surely.
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not traders stock for sure. Seems to be a bit under valued still surely.
Can't seem to get out of the $1.20-$1.30 trading range.
Won't be long until its in a $1.30-$1.40 range with the current interest rate environment. This will be a solid dividend payer over the next decade.
Back in November the company was forecasting full year ending March 31st dividend would be based on AFFO of 4.95-5.15 cps (which they will pay out ~95% as dividend, or around ~2.7cps on top of the 2.2cps already paid out at half year result). That includes Covid impact on result.
I would expect the dividend for 2021, and especially 2022, will likely be higher as forthcoming vaccinations make lockdowns much less likely. Will also be interesting to see what they do with the proceeds if/when they sell the Palmy shopping centre.
Should pay down a bit debt if they sell it.
now its not that good a performer.
slow growth here plenty of time please dont rush in ......:p
DISC: (down ramp post, slow down please...buy in 3 months time).
well 1.23 again today... what is it with this stock... could HLG on line sales be dumping on the retail malls?
the longer people are stuck inside the longer they want to go out even to malls as winter approaches those south south aucklanders have only one place to go...they will be sick of on line only shopping soon surely..2023 cruises already starting to book out... cabin fever world wide will be setting in....
did MR B not buy any more?
Hi mate, we're seeing the 10 year Govt stocks moving a fair bit north in the US here and in some other countries. I think that's undermining a bit of confidence in REIT's and utilities.
I haven't bought any more at this stage but its on my radar. To be honest concerns expressed at posts #116 and #120 still linger in my mind. Not a big position for me and unlikely to be anything more than a fairly modest one going forward for the reasons expressed in those earlier posts.
"10 year Govt stocks " still only 1.29. If the US unloaded 1.9 T then perhaps rate could move again.
yes we saw talk of that yesterday and its faster than expected.
surely with it DIV down and yet to recover its still well undervalued and a short term movement down.
A buying opportunity surely.
"absolute bargain"
yes one would have though so!...
In fact we are thinking its a big buying OP... BIG BUYING OP!
We are thinking of doing what we did for ARG and roll some other investments that are still a bit under water into KPG rather than moving it back off shore.
I can only think that the HLG on line buying is effecting it as see commercial property as real value.
Govt bonds of indebted country's are not on our radar and these government are no longer stable.
But in the end there is nothing like going into a real shop. Body shop and clothes shops have people in them with personality.
These amazing sales people are the best adds for these companies and some of these young sales people are a real assets to those companies.
with demand increasing for housing land; established commercial property in the heart of crowed cities is only going to get more expensive not cheaper, 10 year or no 10 year.
About 12-13 weeks until Full year results are released, so might bounce around a bit until then. I actually think that will be a good time for a results announcement, as New Zealand's vaccination effort will be ramped up by then and management will have a clearer view that lockdowns will be increasingly unlikely and so can provide a clearer forward guidance picture and dividend program.
I dont see HLG online sales hurting KPG malls. Yes, retail is transitioning more to online but they will still need to have 'flagship' stores in key retail sites. And KPG have the key retail sites. They have the best malls with international tenants. Just the place HLG want to be.