Argosy PropertyOn a Tare
Fundamentals are Crazy Good
Consistent Yearly Net Profit (After All Expenses) Average approx 100 Mill since 2016
Has approx 100 properties
Retail - Commercial - Industrial
Auck - Well - Hamilton
Leases Buy and Sells it's portfolio
Recently Sold 80 Springs Road Auckland for $379,500 profit 2.3% on 16.5 Mill
Get a load of this bro's and sisters
Operating MMargin 118.84%
Net Profit Margin 95.52%
All Property Companies have similar Fundamentals good business to be in.
Revenue Growth over next 5 years only 1.28% but consistent
Would have thought being in Retail Property especially would be a worry but doesn't look like it.
Moving Ave Brought Oct 7th up 2.9%
Macd Brought Oct 1st up 4.1%
Strong Buy imo
Buy the way housing market in USA is strong with interest rates being as low as they have ever been and will continue to be for a few years to come at least according to the Fed.
Would love to put the link to the Web Site but House Rules say "No"
Sorry about that.
