Becareful what you wish for ;)
Besides, as I always like to say "why not both" ;)
I like to get dividends + growth, and not 'pin' all my hopes and dreams on near capital growth 'only'
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Back on board with a couta sized medium holding, still quite a few keen sellers around but my Gutometer tells me this stock will touch $6 or close to it by the end of March 17. Don't worry about an ideal TA entry on this stock, just follow the big blue FA arrow to get to your destination.
Looks like a good move to me as long as you are patient mate. From a fundamental perspective with a 2016 PE of 20 based on their forecast that does seem very reasonable taking into account their growth record and the extremely favourable long term demographic tailwinds this sector enjoys. No question in my mind it will get to $6 in due course. FWIW I'm waiting for a confirmed 3 day break above the 100 day MA which currently looks like $5.03.
Looks like Roger your caution is more than justified. While SUM looks good from a fundamental perspective - the SP completed today a beautiful "head and shoulders" - and kept dropping.
I am sure they will come back again one day, but this might take a wee while in a time of rising interest rates (and "consolidating" house prices).
Out for the near future - well, until the SP is clearly turning.
Still has a little bit to fall until it reaches fair value imo, that is assuming soft landing and 3% avg house price inflation. However a few variables could make a large impact i.e house price inflation and build rate
I take it you have also sold your Ryman holding which you considered cheap at around $8.60? Typical pre Christmas sell down on this stock and many others, the fair winds of January will push the price up as we head toward their Feb result, which will be very solid.
From NZ Shareholders Asssn December news letter, page 43.
Fiona Gray;"Personally we have seen several lots of friends move into retirement villages,and we've observed that with the people we know,the situation has been needs based and their decisions have been made independent of the state of the housing market."
Anyone like to gauge the bottom... I sure would like to buy some more. Long term, far better outcome here than many other options I've looked into. Short term, a bit of a beating, yet that's been observed many times over with very successful companies. Once it gets low enough outside money will start buying in again too... Thank you cycles.
Keep your powder dry.!!
The share price has gone down through the 200 day EMA.
At present time the sp is $4.50.
The 100 day EMA is $4.87,while the 200 day EMA is $4.72.
Wait until the trend turns.The trend is your friend.A lot of poor people have found they are even poorer after buying in a down trend.
Wait.!