The resales in the quarter comprised 36 villas and 49 serviced apartments. Chief executive Bill McDonald said it was pleasing to see strong sales enquiry since the end of lockdown turning into settlements. “We have started the fourth quarter with continued momentum and a strong pipeline of sales for Q4,” he said.
MARTIN DE RUYTER/Stuff
Arvida has a substantial building programme and says it is on track to deliver 247 units and beds in the year to March 31, 2021. Like its competitors Arvida has a substantial building programme and said it was on track with its target completion of 247 units/beds in 2021 financial year ending on March 31.
With a 300% share price rise in 10 months, why did brokers overlook this stock?
12 Jan, 2021 05:41 PM
5 minutes to read
Business Editor at Large Liam Dann explains the Official Cash Rate, and how the Reserve Bank sets the OCR to influence the economy.
Business Editor at Large Liam Dann explains the Official Cash Rate, and how the Reserve Bank sets the OCR to influence the economy. Yeah, I think it has been overlooked, conceded an investment research head on one listed business missing from brokers annual share market picks for 2021. Yet the company he was referring to has piled a spectacular 300 per cent on to its share price in the last 10 months.
Retirement giant clocks 31% quarterly sales boost: death, illness not main driver
10 Jan, 2021 11:59 PM
5 minutes to read
Two-bedroom Summerset villas at The Dunes, Papamoa Beach. Photo / George Novak
A listed retirement business has clocked a 31 per cent sales rise in the latest quarter.
The company saw strong trade in three areas of the country, driven largely by new sales. Illness or death of residents wasn t the main reason for the strong resales - one of the grimmer facts of life in villages.
Summerset Group, with a market capitalisation of $2.9 billion, sold 225 properties in last year s third quarter but that shot up to 296 sales in the final three months of 2020. Of the 296 sales, the majority of 176 sales were for new places due to high development levels.
Market close: NZX goes into festive break on a high
24 Dec, 2020 02:50 AM
4 minutes to read
NZ Herald
By: Graham Skellern
The New Zealand sharemarket shut up shop for Christmas on another positive tone, with transport and logistics operator Mainfreight leading the way. Trading was shortened to a half day, and the S&P/NZX 50 Index closed at a new high of 13,037.94, up 17.73 points or 0.14 per cent, after reaching an intraday high of 13,101.16.
Trading was light with 17.7 million shares worth $63.56 million changing hands, and there were 81 gainers and 53 decliners over the whole market of 184 stocks. The market now has a four-day break, with trading resuming on Tuesday.