CHC - Charter Hall Group

[finicky]

Took a bite of CHC with a long term view - as always.
500 shares @ 9.90
My highly scientific reasons for buying:
The chart has got interesting. That high volume bar for this week does not include today's trading.
Might seem a bit expensive on fy23 metrics but if it returns to anything like past profitability it's cheap.
I have it on high authority that offìcial rates are close to peaking.

Held

WEEKLY

 

[finicky]

FY24 Results
So CHC up +15% @ $13.95 intraday
But operating earnings down year on year?

Held
Holding

 

[Gretsch]

Go figure!?

 

[finicky]

@Gretsch Inwas hoping someone else here would haha
There're a few FY results that I'm no comprendo this year so far

 

[finicky]

Ok must have missed it about FY25 guidance.
From Market Matters afternoon report:

• Charter Hall (CHC) +15.8% had a huge day after delivering very strong guidance for FY25 for both earnings and distributions.

 

[Value Collector]

Ok must have missed it about FY25 guidance.
From Market Matters afternoon report:

• Charter Hall (CHC) +15.8% had a huge day after delivering very strong guidance for FY25 for both earnings and distributions.

The report was good, but nothing special, pretty much exactly as I expected, the market must have just been over estimating doom and gloom, so a good report met with a wonderful reaction.

 

[finicky]

Market Matters afternoon report

• Property stocks were solid today, GPT Group (GPT) +2.9% was upgraded to Overweight at Morgan Stanley and $5.60 PT vs today’s close of $5.05 – we’re long and bullish in the Growth Portfolio.
• Mirvac (MGR) +2.4% and Charter Hall (CHC) +5% were also strong, and we remain keen on the property sector more generally.

Held

 

[Rosscoe62]

Yes, the REITs are moving nicely, selection of the right ones is the key.

I’m also holding CHC, which is growing very nicely and added a nice dividend recently.

My trading is based on the 18.6 year property cycle which I find very useful —>

Why 18.6 years 18 point 6 – Phil J Anderson | Property Share Market Economics

Hover over clock numbers for cycle details… Why 18.6 years? For over 25 years Phil Anderson has studied economics and markets. And he can say categorically that the Western economies exhibit an 18.6 year real estate cycle.

realestate.propertysharemarketeconomics.com

The property share market economics with REITs tends to outperform in the later stages of this Stockmarket cycle.

 

[finicky]

Market Matters afternoon report:

• Charter Hall Group Cut to Underweight at Barrenjoey; PT A$15

Held
Holding

 

[Gretsch]

Sold.