SDG 0.00% 7.3¢ sunland group limited

big order at $1.10, page-2

  1. 6,521 Posts.
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    FYI - Article in the AFR.
    http://afr.com/p/lifestyle/life_leisure/gold_coast_back_in_property_groove_Q6KbbC0dBJKu6EOTJ7rhmO

    "For Bell’s agency, last November experienced a 32 per cent rise in sales volume compared with November 2011. Bell says properties are spending less time on the market, and investment activity is on the rise. But to expect a housing market boom this year will be futile, he warns."

    “It’s not like a light switch being turned on where we’re back to supercharge,” he says. “We have found the bottom of the market and I expect there to be sensible, sane growth in values. The world will have to rethink its expectations about returns. They will be far more modest . . . instead of expecting 20 to 30 per cent rises per annum, be happy with 5 per cent.”

    The SP seems to have factored in a 15-20% drop in valuations, so given that Sunland is trading at a discount to NTA of more than 50%, I'd be very happy with 5% growth.
 
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