You would have missed out on a x5 increase in the NZX during that time.
Even the ASX 200 has done better.
European stocks are good for picking bottoms though. find a country to invest in then once it hits the support level... BUY.
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You would have missed out on a x5 increase in the NZX during that time.
Even the ASX 200 has done better.
European stocks are good for picking bottoms though. find a country to invest in then once it hits the support level... BUY.
No I don't know QPM or any of the board or management. I just skimmed the quarterly and it appears they are more a processing company than a mining company. Is that correct?
Nickel processing always has huge Capex attached to it, dealing with extreme heat & acidic liquid that melts steel in months.
Re companies I am looking at, I will pass on a few names as I get set. A little local gold miner NTL looks like it might finally get going this year. Never going to be huge but at $9M market cap it won't take much for it to double or triple etc.
Yeah, you're comparing the NZ50G with the UK index. One Gross one not.
NZ outperformed I'd say but nowhere near 5x vs flat.
UK done just over 4% CAGR from the top of the dot com cycle with dividends reinvested. So with currency you would not have done well at all in NZD.
Not sure what NZX returned from the very top of that cycle but obviously better.
From when the index was invented in 2003 done pretty well but that's off a bottom not a top.
NZ Gross done 8.9% from July 03 vs sp500 9.6 both total returns.
UK companies who benefit from weak pound are:
Ab Foods(50 bagggar)
Diageo
GSK