Currently priced for a real nasty bad to the bone report, panic merchants be banging their heads on a brick wall come report day.
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It has just touched 0.99.
I got 49 shares (only) about an hour ago. It has since bounced back. I'm waiting for the balance of my 20,000 shares to come through.
Perhaps upon closing today ?
I think I was one of the first that mentioned this share would go below $1. I own plenty and have looked to add, but will only add at a bargain. I am happy with my current holding longterm.
I just wish the government would understand that these sorts of businesses need enough financial support, or else they will need to change their business model. Which will cost the government a lot more than now. We can increase minimum wages by 6%, but can’t increase costs that retirement villages are facing by anywhere close to that percentage.
think many saw under a dollar in the charts.
Medicine and healthcare is also underfunded in NZ. NZ barely has socialised healthcare with the charges that most people have to cover for hearing, optometry, dentistry and other medical costs. A chunk of extra tax is needed yet both major parties are unlikely to introduce major tax reform or raise taxation for fear of an electoral backlash. Yet compared to other OECD countries NZ has leeway to introduce new taxes and to raise rates. So it looks like we are heading for an American social care and medical system.
WTF, haven’t got a truck.....
The naked truth is the whole sector is in a bear market and those most exposed to care bear the most impact. Just have to bear with it, drink more beer and hope the bear doesn't leave our portfolio's looking too bare. I do feel that for those more inclined to bear down into this further with an even bigger share, bear more risk of the bear leaving them, bare. Barely worth the risk, but if you really love care, stare the bear in the eyes and dare to buy a bigger share.
I'm doing a possum stuck in the headlights, (sorry couldn't find a way to bring bear into that).
Off Topic:
"NZ has leeway to introduce new taxes"
oh dear, more fat ladies in accounting offices pushing paper.... great.
the solution to everything... more taxes.