Subject: [sharechat] hirequip reply to
snoopy by macdunk
Hi
snoopy
You are quite right In saying that there are similarities In HQP and RBD both
selling
and leasing back to expand. When we do the sums look
at the yield of leasing back the similarity ends.
RBD sold out to expand In Australia Into a market that they didn't understand
with a yuck
product In competition with an over supplied market against fierce
opposition. Logic tells me they are doomed unless
there Is radical change. HQP on the other hand have sold
hundreds of properties at the top of
the market they must have surprised them selves with the profit
margins. This company Is rolling In gold has a great cash flow business
setting out to control and expand the hire business. The
question Is who do they buy out now?. We all have to
think we are fully Informed and told the truth but like everyone else my
judgement Is based on what I find out plus my ability to smell a rat and
jump ship.. I nearly sold half my holding to lock the profit but thought
what the hell I am miles In front. Do a complete FA on the results when
they come out snoopy I have raved on about this share and would appreciate
your opinion nobody does It better.
cheers macdunk
ps { YOUR FA NOT MY RAVING} no comment
Woody please
See IRG research reports
