We will see that, but maybe 2023-25 if all goes to plan. If it happens earlier they would be either buying something or takeover
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Home equity release market to go crazy ….only way out of financial stress for many ..inevitiable
https://www.stuff.co.nz/business/opi...old-hard-facts
Darn boomers, first they ride the biggest and easiest multi decade property boom and then they go and cut my inheritance lunch by giving it back to the banks :scared:
Govt should increase mandatory kiwisaver contribution rates to 6%. What is Aussie up to? 10%!! Common NZ.
This would go a long way to solving the retirement issues we face as a country. It will also help battle inflation by taking money out of peoples pockets.
Then lift the retirement age to 67 for white collar office or light duty workers and keep it at 65 for blue collar workers. I have a mate that is a bricklayer. His body will be buggered long before my right index finger buggers out from clicking the mouse in my office.
Hey rawz …read this good article …..was written in 2007 and now the world is probably even more slanted to the Jagger Generation.
Don’t forget young man we worked hard to make NZ a great place to live….…rawz, you’ll just have to work harder and your due rewards will come
Whatever, have a happy and prosperous 2022
Looks as though the brokers' HGH pick is driving demand, as the current share price is $2.42.
Yeah the buy side shows large numbers of buyers possibly buying smallish parcels. Given the amount of people away at the moment the sell side could dry up quite quickly if this carries on.
I'm thinking $2.42 might be an All Time High? (Just going off the top of my head)
HGH is heading towards $2.75 imo - Jarden & Hobson Wealth have as their top picks which mean that they will be recommending & adding to clients' portfolio in the year ahead. Unlike others (as in MSL & NZSA), they are not allowed to recommend stocks unless they have research or a BUY recommendation.
One of my core holding since I bought the first lot when Georgie Porgie of PGC sold all of his shareholding at 52c back in 2012.
https://www.stuff.co.nz/the-press/bu...artland-shares
Averaged up all the way to 82c and have been happily collecting the dividends and enjoying the sp appreciation at the same time.
It surprises me with professional and businessmen my age I know, some of them have been making very good money over the years and yet many have little if anything set aside for retirement despite being on the wrong side of 60. Worse, some of them have received very good advice from me to get on with a retirement savings program but have chosen to "do an ostrich", keep enjoying their comfortable lifestyle and choose to ignore the problem.
As you suggest, they will have no choice but to eat into the value of their homes either through selling and downsizing, perhaps into the regional provinces or a reverse equity mortgage. I think HGH has a bright future ahead.
Got to 250
You have to love those Brokers
Heartland -- the hottest of the Broker's Hot Tips
Its a better choice than AIR for sure. Still the new years rush to go.
Honey, what's this heartland bank that comes recommended by XX. *clicks on site*.
Also- HGH is so cheap its only $2.50 vs $21 for Westpac and $27 for ANZ.
I have had friends tell me this. Sad!
I suspect you're dead right again mate but it might take a "little" while to get there ;)
Got thinking this morning on past successes (as us old dogs tend to do at this time of year) and back in 2017 at $2.14 it was trading on a forward PE of just on 18 but the ten year rate was a lot higher so would need to be on a forward PE of about 20 now to be similarly frothy. Mid point of 2022 forecast is 16 cps but could be 17.5 cps for FY2023 and the market is always a forward looking beast.
I think $3 is not totally out of the question in late 2022 or early 2023 (total shareholder return of 25-30% is possible including dividends) but that's a forward PE of 17 on 17.5 cps for FY23 and is getting right up there in terms of fair value in my opinion.
Yeah good call winner 2.50 :t_up:. Been saying it for a while
Fintechs have a minus PE.
If the market decides that's what it is then we can expect over 5 bucks.
At $2.50 still a healthy gross yield of 6.5% :)