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Speaker 1: With me right now. Is Shane Soley of Harbor Asset

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Speaker 1: Management has Shane hi Heaver? So Is Sir Steven Tindall

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Speaker 1: the answer to the warehouse problems?

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Speaker 2: Well, he's certainly been a tough time for the warehouse

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Speaker 2: and there's been a few changes there. But yes, Stephen

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Speaker 2: and the Tindal Foundation, combined with Adamanti Capital Partners made

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Speaker 2: a have made proposed takeover for the business. Companies are

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Speaker 2: saying just a little bit careful, it's not a not

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Speaker 2: time to sell your hues as Yep, it's not a

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Speaker 2: full approach, it's not quite a full offer, but certainly

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Speaker 2: with mister Tinder and the Tindal Foundation controlling forty nine

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Speaker 2: percent of the warehouse, they are quite a long way

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Speaker 2: there already. So stop praising it up twenty five percent

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Speaker 2: on the day to a dollar forty five So big burst.

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Speaker 1: What do you reckon his motivation is? Is he just

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Speaker 1: getting tired of how poorly his own shares are performing?

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Speaker 2: Yeah, Look, I think he's probably observing that, you know,

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Speaker 2: the market is being a little bit unkind to the

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Speaker 2: longer term prospects for the business. But it probably needs

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Speaker 2: a bit of work, a bit of panel beating, it's

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Speaker 2: not a great term fixing reshaping. You can probably do

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Speaker 2: better with total control.

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Speaker 1: What do you make Shane of the Veda offer.

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Speaker 2: Yeah, so another another bid today. It's a stone Peak,

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Speaker 2: it's a US infrastructure real estate group. The bid one

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Speaker 2: point two billion dollars for to take over all of

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Speaker 2: our DADA. That's a dollars seventy bid, sixty five percent

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Speaker 2: premium to where it was on Friday. It's pretty chunky,

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Speaker 2: look and that's all about taking advantage of the fact

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Speaker 2: that the market has been pretty harsh on anything residential related.

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Speaker 2: Did you think that's interest rates into the And certainly

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Speaker 2: the our data team have been doing a good job

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Speaker 2: in tough conditions and there's just a big gap there.

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Speaker 2: And soon it was sending the board, the ADA board. So yes,

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Speaker 2: we're open to this proposal. It will still to get

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Speaker 2: to here. They've got to get through overseas investment acts,

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Speaker 2: through the Overseas Investment Office, but certainly recent presidents of

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Speaker 2: use he should be able to get there. Again. The

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Speaker 2: stop place up fifty six percent to a dollar sixty

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Speaker 2: one to day, So there's a big moves.

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Speaker 1: I mean, it is amongst the retirement village stocks that

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Speaker 1: are doing it a bit tough obvious reasons at the moment.

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Speaker 1: When do you think it twos a round for them?

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Speaker 2: Yeah? I think this is the piece that as investors

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Speaker 2: we're all waiting for a tune, and particularly the ability

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Speaker 2: for people to sell their homes to move and lots

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Speaker 2: of demand from senior older New Zealanders wanting to move

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Speaker 2: into villages, but of course most still have their money

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Speaker 2: wrapped up in their home and if you can't see

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Speaker 2: your home, it really slows things down. So that's the key.

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Speaker 2: And of course the other week we saw the Reserve

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Speaker 2: Bank New Zealand show the first inclining they're going to

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Speaker 2: look at cutting rates with the Munshie Policy Review, where

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Speaker 2: they talked that we think we're there. So we've already

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Speaker 2: seen today another round of mortgage rate cuts, this time

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Speaker 2: from the ASP. So we've seen several banks in the

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Speaker 2: last week or so come up with reasonable cuts to

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Speaker 2: the morghich is that might be enough just to underpin

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Speaker 2: the residential market, get it back. We're here again, which

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Speaker 2: will help this retirement h Q sector.

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Speaker 1: You're too right, Hey, so did Joe Biden stepping aside

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Speaker 1: have any impact on the dollar in the markets.

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Speaker 2: Yeah, yeah, Look, we've seen a little bit of alatility

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Speaker 2: out there. Actually, this is probably the key change that

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Speaker 2: in this potential recovery of Democrat Poland just throws a

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Speaker 2: bit of a spanner in the works. The market had

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Speaker 2: moved to Hey, the Republicans are going to win. All

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Speaker 2: the Trump trades are on things that are benefiting from

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Speaker 2: Trump Republican policies, such the banks, small cap companies, energy.

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Speaker 2: They've had a good rally. Certainly in the last twenty

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Speaker 2: four hours we've seen potentially some of that swing and yeah,

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Speaker 2: the US dollar has been one part of it. We'll

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Speaker 2: see the night. What happens in the US is the market.

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Speaker 2: So just a little bit of a change in time.

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Speaker 2: There's got a long way to go though here. And

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Speaker 2: you never want to doubt the potential for a Trump

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Speaker 2: Republican grouping given how well they're Poland.

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Speaker 1: I would agree with you on that. Hey, Shane, thank

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Speaker 1: you as always appreciate it. We'll talk to you next week.

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Speaker 1: Is Shange solely of Harbor Asset Management. For more from

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Speaker 1: Hither Dupless Yellen Drive, listen live to news talks. It'd

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