I like this stock
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I like this stock
Hope the builders Oceania used aren’t suffering too much seeing they apparently have fixed price contracts.
Shortages, increased costs, delays could be a killer
Wouldn’t want this to impact Oceania …nothing worse than having a broke builder and work stopped.
Suppose no work on Auckland sites at the moment.
https://www.nzherald.co.nz/business/...CBV5XTAHZ2P4U/
They should have had all there material allocated at sign off of contract for existing works. Be interesting to see if they "fix there prices". Of more interest on new developments in pipeline and how thats impacted. I am guessing like everyone they will have constraints.
Reports Heritage Lifecare might float
Be good to see Norah back running a NZX company
A friend of mine works for another retirement company. They are all push push push and the tradies can't supply everything quick enough. the tradie are getting threatening words if they can't meet demand (no need to threaten if they can't get the parts). Easy to demand when most glaziers in Hawkes bay can't get aluminium for their windows. Workers are doing part time as they have no stuff. Equipment up in Auckland and the retirement provider says just get it. I have just had my house insulated and the insulator has said new builds are waiting for exterior cladding and he can't put stuff in as well as he is stockpiling as there is a shortage of that as well......... 2021 might be the year of the new leaky home saga with a different name..
All 4 brokers covering this have it as a unanimous BUY. I can't ever recall seeing that before with any other stock.
https://www.marketscreener.com/quote...268/consensus/
Unnoticed by anyone on here before is the average analyst price target is now $1.68 ! One broker has a price target of $1.80
I think Maverick is best positioned of any of us on here but I am happy to be back to having a decent holding at 10% portfolio weight.