Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Thursday, 9 May 2013

Mirvac releases Q3 operational update

Skewed reporting of Mirvac Group (MGR) operations release today leads to the usual crowing by housing bears who for some reason seem to think that the company is struggling. The commenters clearly didn't read the release themselves. If they did they'd have seen forecast residential market improvements in NSW, WA and QLD.



Source: ASX

Stock analysts enjoyed the release firing the share price up another 1.3% and will be off the top of the chart by close of trade. Forecast ROIC > 10%. PE ratio at 16. Stock price up ~50% in 12 months and a market cap of $6 billion. The FY13 results in August should make for pleasing reading.

Great news for holders.



Source: ASX


Mirvac will look to focus on what they call 'quality' locations (inner suburbs) rather than inferior urban edge and rural areas. 











Source: ASX