re: weeks holiday at q1 up for auction I have been following SDG for a while and did well as it ran from $1.10 to over $2.00
The yields still look great and the stock is being punished for being in an overheated propoerty market.
However, they seem smarter than that, and sold half of Versace Gold Coast at the peak. Also, the presales on their current projects are around 80 - 90%, so they just need to bring the construction in on budget, which accounts for their workload over the next few years.
They are dabbling in ChildCare which has worked very well for everyone else in that sector. (toungue in cheek)
Finally, they are connected into the Dubai development market, matching their skill with Emirates money. I am sure margin is fairly easily managed in that environment and am certain they can continue to produce the EPS and dividends.
On that basis, where else can you get these returns?
re: weeks holiday at q1 up for auction I have been following SDG...
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