Originally Posted by
Roger
It seems we have the perfect storm.
1. A Reserve bank that doesn't realise the economy is already cooling fast, (projecting 3.7% GDP growth when dairy prices have fallen over 30%), really ?????
2. Another interest rate rise today
3. Slowing house sales
4. An absolute glut of new IPO's sucking the life out of the market in general, (excess supply over demand)
5. A large new IPO in the planning for this sector specifically sucking the wind out of the sails of this sector
6. Little / no growth in first half sales for SUM
7. Management reluctant to give formal projections other than a wink to selected few who take make the effort to enquire.
Swimming against the tide for a while or is this as bad as it gets ?