Retail

Kiwi Property shares little-moved by good news

Jenny Ruth
Wed, 20 Apr 2022

Kiwi Property shares little-moved by good news
Kiwi Property CEO Clive Mackenzie said the company is making good progress. (Image: NZ Herald)
Jenny Ruth
Wed, 20 Apr 2022
It appears that investors in Kiwi Property Group will only react to bad news because the shares barely moved after Tuesday's 5.7% increase in guidance on the dividend in the wake of stronger-than-expected trading in the March quarter.Kiwi shares are trading at $1.075, exactly where they were before the upgrade and about a 24% discount to net tangible assets (NTA) of $1.42 at Sept 30. They are 12.5% lower than where they were a year ago.The shares have never recovered from the big sell-down in mid-February 2020 when covid first hit – t...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.