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GPT closed @ $4.03 last week and hopefully $4 will hold
Announcement out as per extract below.
Announcement out as per extract below.
Does seem to be a sector trend, although how long lived I wouldn't have a clue. I haven't tried to follow Phil Anderson's land price cycles ideas. He reminds me of the kid who went around scrounging cans and bottles at the inter-school sports event - very tight arsed with what he says unless you pay him. Not in GPT and only recently ventured into the sector after an article by Greg Canavan. But I suppose it's about anticipation of rates topping out? Of the ones with which I'm familiar, ABG and ASK have had 5 consecutive up weeks and CHC had 4 consecutive weeks of high positive volume (chart). Property developer Cedar Woods (CWP) has also been outperforming.Trending well … as are plenty of stocks within this sector.
Does seem to be a sector trend, although how long lived I wouldn't have a clue. I haven't tried to follow Phil Anderson's land price cycles ideas. He reminds me of the kid who went around scrounging cans and bottles at the inter-school sports event - very tight arsed with what he says unless you pay him. Not in GPT and only recently ventured into the sector after an article by Greg Canavan.
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