I swear this time of year is cursed if only by those with long memories.. But December normally picks up so will be moving my kiwi saver back then to take the gains :P
http://www.nzherald.co.nz/business/n...ectid=11734708
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I swear this time of year is cursed if only by those with long memories.. But December normally picks up so will be moving my kiwi saver back then to take the gains :P
http://www.nzherald.co.nz/business/n...ectid=11734708
Reading the Business section of the Herald, they state that nearly 50% of the free-float of the NZ market is foreign owned, compared with 25% 4 years ago.
Strong implications for International Sentiment taking control (for better or for worse) and pulling us down just as quick as European markets.... no wonder we are seeing volatility.
I think towards the end of the year we'll see SPs of performing companies go up on lower volumes. But not before more dropping
Maybe this will postpone Black Monday!?
http://www.bloomberg.com/news/articl...to-do-business
I would strongly doubt it will make a slight bit of difference.
In my experience the NZ market's largest influence appears to be the herd mentality of the international institutional investor
With the huge foreign exposure the NZX has, our market is exposed to any changes in investment strategy, either NZX positive or negative.
Company fundamentals don't seem to have much bearing, so I wouldn't think the ease of setting up business in NZ would either
Potentially good for NZ economy though
Is it just me or has sentiment really turned ugly on the NZX. Maybe its just companies that I liked the look of/researched but...
2 major company failures within the week.
A couple of weeks ago PPH listed on the ASX - SP dropped 20%.
TIL listed on ASX - SP not looking like it wants to break its mini down trend and no buyers in Aus.
Looks like funding has suddenly become a serious issue and the plug being pulled on hype companies, those not returning a buck or those not looking like they will grow a lot in the future. A real re-rating based on earnings. Am expecting the correction to continue... and today down 1.3% so far. So many of the shares I follow have sick, sick looking charts... but then again have for a little while now.
Its looking ugly out there! If you still have skin in the game, I name you brave!
OK - I never understood the hype around listing any company on the ASX - what the ASX can offer is more capital IF investors think that the company offers good value ... they don't just push the price up for any hyped up Kiwi company.
Agree - market sentiment does not look that flash - my broker told me that big international investors started some weeks ago to pull money out of the NZX. The sentiment is now that the Kiwi $ is too dear ... and they don't want to be invested if & when it comes down (which makes perfect sense). I am not sure, whether they are right, but this is what they think.
However - not everything looks bad these days: For example - both AIR and SKL went against the trend, and some others are nicely holding their price. I am holding more cash than normal, but still roughly 2/3 rd's invested. Assume that some of the more solid companies will first drop - and than offer buying opportunities - particularly if the Kiwi $ obliges.