Forum Archive Index - August 2000

[Chris <cd@ak.planet.gen.nz>]

Phil

Lots to choose from; industrial, commercial, retail, resthomes and 
medical portfolios.  Depends what you want out of it, divs or growth or a 
bit of each. 

KIP are good for both and currently on the rebound.  They have a good 
landbank at Sylvia Park waiting to go and have done well out of the 
Viaduct Basin.  Lendlease will probably take them over further down the 
track too. 

TTP are late to recover but that could be for good reason.  Big exposure 
to the commercial sector which is weak right now.  Maybe a bit too spec 
for you.

CHP I like a lot, 100% leased specialist portfolio of mainly purpose 
built medical.  Look at Ascot and the new North Shore facility.  Very on 
to it and influential management.  3 monthly   
divs as well.  My dear old mum has these ticking away in her meagre 
portfolio.

Otherwise have a look at MET.  It was mentioned this morn and I have 
since discovered a number of parties have increased their stakes, eg 
Cullen & NZ Funds.  Ugly as it sounds, cold winters are good for the 
resthome companies, ie, old people die, more turnover, more fees.  And 
this is a warm one.  Liquidity non existant though so buy for medium or 
long.

Just some ideas.  Enjoy your play.

Chris

PS Don't we have the most uninspiring commercial architecture in this 
country.  Dreary bloody also ran design dictated by equally dreary 
developers who are influenced more by Trends magazine than a Berlin or 
Barcelona experience.      

>I was looking at adding some income.property to my stocks and was looking at
>CNZ, PFI and CHP. I was also looking at CDI which has a good yield although
>I wonder whether it is sustainable? I am kicking myself for not getting CHP
>@ 90c which would have been good.
>What do people hold now for income and what do people see as over-sold at
>the moment. I like the look of CNZ but it seems they may have capital gains
>on their minds?
>
>Cheers
>Phil

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