Forum Archive Index - September 1999

[Chris <CMR64@student.canterbury.ac.nz>]

Apparently there are several rental guarantees in place which expire at
the end of the year, so the dividend yield is not expected to be
maintained.



Mark Hubbard wrote:
> 
> You all might have noticed that I'm currently examining property stocks.
> 
> Newmarket properties, at current share price, has a gross dividend yield
> over 16%, even after tax, and allowing for no capital gain, that is pretty
> good.
> 
> So, opinions please on:
> 
> 1) Why is the share so cheap (in terms of yield and net asset backing)?
> 2) More importantly, what are the future prospects for this firm, especially
> regarding keeping up this level of dividend payout, over say, the next five
> years. (I realise rising interest rates will hurt, but what are the quality
> of its properties and tenants?).
> 
> --------------------------------------------------------------------------
> To remove yourself from this list, email sharechat-request@sharechat.co.nz
> with "unsubscribe" in the body of the message, or use the unsubscription
> form at http://www.sharechat.co.nz/forum.html.

--------------------------------------------------------------------------
To remove yourself from this list, email sharechat-request@sharechat.co.nz
with "unsubscribe" in the body of the message, or use the unsubscription
form at http://www.sharechat.co.nz/forum.html.