nz property market taking a hit just affects book value, not so much earnings. Plus price/book is 0.93 which leaves some wiggle room.
We need somewhere to put the oldies regardless and there’s a growing elderly population.
debt/equity is alright at 39%, when interest rates rise I think earnings will rise faster and offset it.
cost of developments rising , yep defs a concern.
if I’m wrong tell me where please
Ann: Half Year Accounts, page-6
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50.0¢ |
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Mkt cap ! $363.6M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35678 | 49.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2 | 1 |
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| OCA (ASX) Chart |