Retail investors have really capitulated with no buyers in TRA till $ 3.50 !! SPK at $ 4.25 and PGW at $ 1.54 ...see its 52 week high of $ 4.38 to current SP is not funny anymore ....
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Retail investors have really capitulated with no buyers in TRA till $ 3.50 !! SPK at $ 4.25 and PGW at $ 1.54 ...see its 52 week high of $ 4.38 to current SP is not funny anymore ....
aus budget was pretty generous to everyone. might make more kiwi's leave and with less coming in less demand for housing and retail spending etc. NZ might have a hard landing maybe thats what being priced in by the stockmarket a depression :scared: in corporate profits
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fph has the biggest weight in the index up 19% last 3 mths a2 is up 25% and is in the top 10 by weight so whole market is looking way better than it should to concentration in a few stocks. NZ mag 8 lol
actually you could argue maybe its because most there business off-shore or they have dominant positions ?
Don't tell anyone - but these Stonks seem to be getting popular again -
https://www.nzherald.co.nz/business/...OVYMQTDOK46DM/
GameStop and AMC shares surge for second day in ‘meme stock’ revival
Any guesses on which large Capital Funds might lose their pants on shorts this time round ? :)
By the way US stocks and bonds are behaving just before April CPI ...most likely its on target or not too much variation from consensus ...will know in few hours !!
@alokdhir, yes it's exciting. I shouldnt find it so interesting but I do. Its much more interesting than sports that's for sure.
One good thing about being highly diversified across world markets is that from 10am to 8am the next day, ones net worth is changing by the minute. I just look and don't touch, mind.
Its a lot more fun than the pokies.
actually you could argue maybe its because most there business off-shore or they have dominant positions ?[/QUOTE]
I think that this is very valid - perhaps not the right thread but this is why KFL is not the dog that many commentators think it is - 49% of KFL is FPH/MFT/IFT and these 3 overall probably have about 80% of their business offshore (and in the case of IFT much of the NZ business is effectively offshore funded e.g. datacentres). On top of that fully-imputed div and 33% tax rate (well the portion that is not capital gain) as well as a healthy discount to nta. KFL share price up 1c YTD nta up 3c and a dividend of 2% nta paid too.