And if that doesn't scare you bring up the chart for the last six months. What did KW say about not buying in a down-trend...
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And if that doesn't scare you bring up the chart for the last six months. What did KW say about not buying in a down-trend...
B Jr , post # 93 on the SGH thread. Just trying to help here .....what exactly is it about companies facing uncertain legal action and in a downtrend you are attracted to ?
Thanks for the advice. I seem to have a habit of jumping in a bit quick to invest in downtrends but will be keeping a closer eye on ANZ.
However, my original question was meaning, since the exchange rate is currently 94cents and I'm buying in NZD, should I factor in and therefore pay a premium for the company for the longer term average exchange rate, e.g. 88cents?
Warren jnr - buy Heartland instead
Cheap as and no currency risk
Agree 100%. The speed and steadfastness of the decline is alarming, falling steadily and swiftly from $36.50 to $24.50 since August 2015, losing a full third of its value. ANZ have massive exposure to junior mining companies and dairy and many of their customers are really struggling with commodity prices in the toilet. With little or no sign of any recovery anywhere on the horizon It seems clear to me the degree of ANZ's bad and doubtful debts is clearly worrying the market. How many years do you carry customers that can't pay their bills ?