Virtue signal speak which translates as.....Grant and I ****ed up big time. Never mind, it's not like it's our money.
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Well now that the EFCY rate is 90%
we have moved off shore . funds moving to ASX .. some stocks there will rerate very quickly now.
Will still hold a small retail NZ.
DISC: reduced local retail at 50% profit.
NZ Electronic Card Spend for October stats out today
Apparel sales up 13% on October last year
Overall retail sales really booming - core retail up 10% in October v pcp and now on annualised basis running ahead of pre-covid times. Apparel however still down 11% on pre-covid levels ---- how long to recover or were sales lost during lockdown lost forever
we are pleased for all holders of this wonderful stock and we may move back in after next results but we are not expecting a 100 percent move in the stock price in the next 2 years and thats whats on offer on stock purchased this morning on the ASX we purchased in a holding company as we expect to add more of recovery sector stocks on the ASX in the company 8 weeks.
Morals matter, perhaps not to you in certain circumstances if you benefit from a lack of morals or ethics but if you are disadvantaged you may change your mind and think that morals do matter.
There is a lot of immoral behaviour in business that is not illegal or it is hard to prove it is illegal e.g. Feltex, Mainzeal, Wynyard, CBL.
Morals matter in business. So if a business is lying, stretching the truth, manipulative, fibbing, fabricating, pulling the wool over our eyes, twisting, distorting, falsifying, misrepresenting the facts, evasive, scheming, conniving, deceitful, deceptive, a hypocrite, a cheat, a liar, a fraud, a hoax, a sham, a scam, two faced, it does matter to the general public. And reputation matters.
I might be reading that wrong...do you know for sure that supply line is not an issue for HLG? Or are you saying that what you've heard is unrelated to HLG? I've been thinking about this myself lately, while I sit here patiently waiting for some consignments I ordered from China some weeks ago. I don't know how deep it goes but surely this inability to get stuff around the world in a timely fashion is going to be hugely detrimental to a lot of businesses and wider economies. On top of that, the usual supply and demand forces will be impacting shipping costs (especially air freight) and hurting margins...definitely something to bear in mind for HLG I think.