Can't recall that I ever used the term safe proxy holding ?, perhaps I did, I can't recall but I do recall saying while holding KFL last year that I am glad they reduced their stake in ATM...but it would seem they didn't actually reduce their holding at all...just messed about with it a bit from one quarter to another, deliberately so to give the very creative impression they were actually doing something about the unfolding fiasco and resulting share price meltdown ?
Agree though that its a truism that nobody cares about your money and investments as much as you do so I am happy to row my own boat with N.Z. investments and more than happy to back myself to beat Kingfish's performance. Still have some Barramundi warrants though and the Barramundi investment team seem to be doing a pretty good job.
Anyway...back to ATM. The herald, (end of market day summary), article yesterday suggested that ATM might struggle to renew their license in China next year ? Is it common knowledge that there is the need to renew that license ? What's to stop the Chinese authorities simply refusing to renew it for whatever reasons they like or even no reason at all ? Its not like they are playing very nicely on a multitude of other trade, technology and intellectual property fronts is it ! Geopolitical risk even higher than most people are currently aware ?
Agreed. The key to understanding this is people need to earn a living and if they can't do that with Daigou they need to find another way. Most will have worked out by now that international travel is not going to revert to anything like the way it was any year soon. Another key for me with this one is mothers need to be able to access infant milk powder for their baby. This is not optional unless they can breast feed and many will have found an alternative brand at a lower price that they now trust and are highly likely to stick with the trust in the new brand they have found.Quote:
Daigou corporate channel has gone. reseller market collapsed.