Excellent result and 8th site in Melbourne purchased and another new site in NZ in Havelock North. How can you not love this company for boring me into my bali villa to miss those cold Auckland winters ;)
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Excellent result and 8th site in Melbourne purchased and another new site in NZ in Havelock North. How can you not love this company for boring me into my bali villa to miss those cold Auckland winters ;)
I'm picking a share split this year. Any thoughts?
Interesting to note Kevin Hickman's trust trimmed their stake very slightly and banked a cool ~ $9m in the process.
Still has $35m shares worth a cool $402.5m...not too shabby for the $10,000 capital share that he originally invested eh !
Anyway...back to the real world for the rest of us. I might be reading too much into this but quite obviously he's a very astute guy so I think the timing of the sale is interesting coming just a week before the MSCI index rebalancing. With ATM going in with what one would assume would be a very high weighting one could safely make the assumption that the existing incumbent NZX stocks that are presently included within that index would have their weightings materially reduced and of course one of the bigger present allocations is RYM.
Good time to buy some on potential weakness with the pending MSCI rebalance ?
Next Thursday afternoon is going to be massive on NZX .....zillions of ATM being bought and zillions of RYM, SPK, FPH etc being sold
How much ‘cooperation’ is their amongst funds?
Boring old RYM now at a new high.
It's far too early to say the formula is broken, remember the Couta theorum has stood for many years to date whereas SUM has only recently moved outside the 50-60% reversion channel. Balance will return to the force in due course. PS-I reckon SUM companies are only going to have an average result over the next year or so.