Labour and friends have not announced their housing policy yet, but I would not be surprised to see this when they do. It's not really aligned with National general direction, but since they are more or less Labour Lite anything could happen.
Printable View
Back on topic
rough and dirty way to estimate/guess/project/forecast Summerset underlying earnings is to take the number of expected sales and multiply that by a realised fair value adjustment number. Method has worked pretty well over the last few half years so must be pretty robust
See a trend in this series of numbers - $43k, $61k, $63k, $70k?
Hint - it reflects improved development margins and rising property prices in general
All part of the reason why Summerset reported NPAT will be ~$120m this year - about 55 cents a share - at a PE of 12 share price over $6 later this year / early next year
Although statistics on this are lacking, it has been estimated that 33-38% of residents in long-term care do not receive a subsidy. Presumably that for 62-67% of residents, it means their assets are below the asset threshholds. Some of those residents who may be eligible for subsidies may have spouses, not in care, with equity in a very valuable house but few other assets. Even so, there would be many, perhaps even a majority of seniors, who would not be able to find $400k for a cheap SUM unit- let alone finding extra to supplement Superannuation to pay for the annual village charge.
https://www.nzma.org.nz/journal/read...7-no-1402/6292
http://www.interest.co.nz/property/8...er-winter-year
All looks good.
How was the fishing at spot X Couta1 ? Fishing no good on the market today...there's always tomorrow.
Good day for getting bites today. Has the boat departed? or is this wharf fishing?
Running out on the sell side..... The way this share is going, long term maybe the key. Especially when I hear the mention of an $9 share in three to four years
1 billion dollars (sorry couldn't help myself).