Normal
A-REIT Sector: Weekending Friday 12 February 2016 The Dow Jones reaction last week, to the latest US Jobs Report, was initially hard to understand as the report was a good one. Turns out the report was interpreted by the market as a possible trigger for another hike in the US interest rates. Then oil dropped back below $30.00 triggering further market falls.Banks around the world are taking a hammering. Deutsche Bank went as far as issuing a release that they are will not have any trouble settling bonds falling due in 2017. Instead of reassuring the market this release reminded the market of Lehman Bros doing something similar before they collapsed, and the sell down continued. On a local level CBA issued an update confirming no change to their dividend, however the local market was not convinced and local analysts consider there is further downside in the share prices of the big four Australian banks. China is alleged to be selling off foreign reserves to prop up the yaun/renmimbi. Mind you they still have 3 Trillion US$ back up left. Chinese investors are reported to be investing now in gold, as an alternative to foreign property, driving up the gold price.The current pattern of lower lows and lower highs in the markets suggests to me that any rebound is likely a "dead cat" bounce and not the start of a recovery. The A-REIT sector is still moving sideways. Yield rates at the present share price levels are probably the only thing saving this sector from the same level of retrace as the rest of the market. The bears are well and truly driving the markets at present. The consensus appears to be that things are going to get worse before they get better. Good luck.Property Sector as at 12 February 2016: [ATTACH]65873[/ATTACH]The A-REIT Table for closing prices for Weekending 12 February 2016 follows: Code Closing Price Capital Earnings $ ROE Dist $ Yield % P/E NTA $ Premium to NTA ABP 2.870 1,589,527,019 0.2546 8.87% 0.1697 5.91% 11.27 2.49 15.26% BWP 3.050 1,959,270,599 0.3284 10.77% 0.1637 5.37% 9.29 2.24 36.16% CHC 4.320 1,767,585,417 0.3280 7.59% 0.2540 5.88% 13.17 2.76 56.52% CQR 4.160 1,672,533,296 0.4355 10.47% 0.2780 6.68% 9.55 3.59 15.88% CMW 0.975 1,704,011,743 0.0858 8.80% 0.0797 8.17% 11.36 0.65 50.00% DXS 7.180 6,949,864,429 0.6758 9.41% 0.4441 6.19% 10.62 6.68 7.49% GMG 6.350 11,240,124,294 0.6920 10.90% 0.2300 3.62% 9.18 3.46 83.53% GOZ 3.030 1,725,083,874 0.2570 8.48% 0.2010 6.63% 11.79 2.16 40.28% GPT 4.880 8,758,704,662 0.4875 9.99% 0.2250 4.61% 10.01 4.03 21.09% IOF 3.890 2,388,644,612 0.2920 7.51% 0.1950 5.01% 13.32 3.62 7.46% MGR 1.835 6,791,689,434 0.1651 9.00% 0.0960 5.23% 11.11 1.74 5.46% NSR 1.455 486,634,075 -0.0045 -0.31% 0.0850 5.84% -323.33 1.11 31.08% SCP 2.150 1,576,788,788 0.2290 10.65% 0.1180 5.49% 9.39 1.77 21.47% SCG 4.350 23,160,690,549 0.4448 10.23% 0.2065 4.75% 9.78 3.11 39.87% SGP 3.990 9,486,297,706 0.3850 9.65% 0.2420 6.07% 10.36 3.68 8.42% VCX 2.920 11,559,259,857 0.2556 8.75% 0.1730 5.92% 11.42 2.45 19.18% WFD 9.560 19,866,537,398 0.5427 5.68% 0.3285 3.44% 17.62 4.99 91.58% The comparison table of this weeks closing prices versus last weeks closing prices follows: Share Code Closing_Price Closing_Price Change$ Change% 05-Feb-16 12-Feb-16 Abacus Property ABP 2.970 2.870 -0.10 -3.37% BWP Trust BWP 3.110 3.050 -0.06 -1.93% Charter Hall CHC 4.470 4.320 -0.15 -3.36% Charter Hall Retail CQR 4.250 4.160 -0.09 -2.12% Cromwell CMW 1.005 0.975 -0.03 -2.99% Dexus DXS 7.480 7.180 -0.30 -4.01% Goodman Group GMG 6.030 6.350 0.32 5.31% Growthpoint Properties GOZ 3.070 3.030 -0.04 -1.30% GPT Group GPT 4.920 4.880 -0.04 -0.81% Investa Office IOF 4.000 3.890 -0.11 -2.75% Mirvac Group MGR 1.895 1.835 -0.06 -3.17% National Storage NSR 1.550 1.455 -0.10 -6.13% SCA Property Group SCP 2.190 2.150 -0.04 -1.83% Scentre Group SCG 4.410 4.350 -0.06 -1.36% Stockland Property SGP 4.150 3.990 -0.16 -3.86% Vicinity Centres VCX 2.950 2.920 -0.03 -1.02% Westfield Corporation WFD 10.080 9.560 -0.52 -5.16% Comments: 1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors. 3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
A-REIT Sector: Weekending Friday 12 February 2016
The Dow Jones reaction last week, to the latest US Jobs Report, was initially hard to understand as the report was a good one. Turns out the report was interpreted by the market as a possible trigger for another hike in the US interest rates. Then oil dropped back below $30.00 triggering further market falls.
Banks around the world are taking a hammering. Deutsche Bank went as far as issuing a release that they are will not have any trouble settling bonds falling due in 2017. Instead of reassuring the market this release reminded the market of Lehman Bros doing something similar before they collapsed, and the sell down continued. On a local level CBA issued an update confirming no change to their dividend, however the local market was not convinced and local analysts consider there is further downside in the share prices of the big four Australian banks. China is alleged to be selling off foreign reserves to prop up the yaun/renmimbi. Mind you they still have 3 Trillion US$ back up left. Chinese investors are reported to be investing now in gold, as an alternative to foreign property, driving up the gold price.
The current pattern of lower lows and lower highs in the markets suggests to me that any rebound is likely a "dead cat" bounce and not the start of a recovery. The A-REIT sector is still moving sideways. Yield rates at the present share price levels are probably the only thing saving this sector from the same level of retrace as the rest of the market. The bears are well and truly driving the markets at present. The consensus appears to be that things are going to get worse before they get better. Good luck.
Property Sector as at 12 February 2016:
[ATTACH]65873[/ATTACH]
The A-REIT Table for closing prices for Weekending 12 February 2016 follows:
2.870
1,589,527,019
0.2546
8.87%
0.1697
5.91%
11.27
2.49
15.26%
3.050
1,959,270,599
0.3284
10.77%
0.1637
5.37%
9.29
2.24
36.16%
4.320
1,767,585,417
0.3280
7.59%
0.2540
5.88%
13.17
2.76
56.52%
4.160
1,672,533,296
0.4355
10.47%
0.2780
6.68%
9.55
3.59
15.88%
0.975
1,704,011,743
0.0858
8.80%
0.0797
8.17%
11.36
0.65
50.00%
7.180
6,949,864,429
0.6758
9.41%
0.4441
6.19%
10.62
6.68
7.49%
6.350
11,240,124,294
0.6920
10.90%
0.2300
3.62%
9.18
3.46
83.53%
3.030
1,725,083,874
0.2570
8.48%
0.2010
6.63%
11.79
2.16
40.28%
4.880
8,758,704,662
0.4875
9.99%
0.2250
4.61%
10.01
4.03
21.09%
3.890
2,388,644,612
0.2920
7.51%
0.1950
5.01%
13.32
3.62
7.46%
1.835
6,791,689,434
0.1651
9.00%
0.0960
5.23%
11.11
1.74
5.46%
1.455
486,634,075
-0.0045
-0.31%
0.0850
5.84%
-323.33
1.11
31.08%
2.150
1,576,788,788
0.2290
10.65%
0.1180
5.49%
9.39
1.77
21.47%
4.350
23,160,690,549
0.4448
10.23%
0.2065
4.75%
9.78
3.11
39.87%
3.990
9,486,297,706
0.3850
9.65%
0.2420
6.07%
10.36
3.68
8.42%
2.920
11,559,259,857
0.2556
8.75%
0.1730
5.92%
11.42
2.45
19.18%
9.560
19,866,537,398
0.5427
5.68%
0.3285
3.44%
17.62
4.99
91.58%
The comparison table of this weeks closing prices versus last weeks closing prices follows:
2.970
-0.10
-3.37%
3.110
-0.06
-1.93%
4.470
-0.15
-3.36%
4.250
-0.09
-2.12%
1.005
-0.03
-2.99%
7.480
-0.30
-4.01%
6.030
0.32
5.31%
3.070
-0.04
-1.30%
4.920
-0.81%
4.000
-0.11
-2.75%
1.895
-3.17%
1.550
-6.13%
2.190
-1.83%
4.410
-1.36%
4.150
-0.16
-3.86%
2.950
-1.02%
10.080
-0.52
-5.16%
Comments:
1. The shares listed in the tables above make up the XPJ A-REIT Property Sector.
2. The "Capital" figures in the above tables are "market capital" based on the "issued shares" as distinct from "free float capital". The "issued shares", updated as at 05 February 2016, can change from day to day due to active share buy-back programs and other factors.
3. The "Earnings", "Distribution" and "NTA" figures have also been updated as at 05 February 2016. "NTA" figures are subject to change every time there is a property re-valuation and the table may be out by a few cents from time to time, which effects the "Premium to NTA" also.
4. The share codes listed in both Tables now hyper-link to the last page (mostly) of the corresponding ASF thread for that share.
5. Inclusion of any share details in the above tables is not an endorsement of that share as a viable investment or possible trade.
Disclaimer: These tables may contain errors and should not be relied upon for investment decisions. As always, do your own research and good luck .
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