How often are they right? Bank outlooks?
ive got requests for beach trips already and need a new roof rack for boards because the Sea Sucker's can crack glass roofs.
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How often are they right? Bank outlooks?
ive got requests for beach trips already and need a new roof rack for boards because the Sea Sucker's can crack glass roofs.
I think we will see the same retail bounce back as last year after the lock down. What is different : no overseas travel, money is still cheap, people have been cooped up, and home owners feel rich. And saving is not a favourite Kiwi past time.
Holding TRA and WHS in generous proportions.
well travel Journo exiting auckland in stuff today is saying its going to leak.. Remember all those Stuff MIQ returnee's saying its going to leak... just saw some ut's heading north to hamilton on the expressway...
if level 3 hits central north island it will be in wellington same day..
Now that willl hit WHS and every retailer SP or it should..
out in the farm lands where PC culture has yet to influence cow shed culture... they can see its all going Tits up North...
Remember when the bank economists said house prices would drop 10-20% because of covid- LOL. Instead they jumped 30% or whatever.
The one thing to remember is banks only care about themselves and their profits (not saying its a bad thing- just the reality). A few years back the CEO of ANZ penned an article in the NZ Herald talking about how house prices were too hot and there should be restrictions put in place by the RBNZ. He called for mandated deposit requirements on investors and FHBs, eventually of course this did happen. It was written in a way that portrayed ANZ as a caring, concerned corporate citizen. But the reality was ANZ were low on capital and were going to lose market share if they kept doing low/no deposit lending. So whatever these banks say take it with a grain of salt imo.
Anecdotal evidence here.. but in my circle of friends we are all up about $400-$500 a week during lockdowns because no daycare, no restaurants, no bars and no parking/petrol bills. I'm still of the thinking that retail is going to do very well over Christmas and the proceeding months. I am happy to be holding WHS shares.
Yeah I can go and have a some drinks with a mate on Wednesday :t_up: Life is getting better.
Lets celebrate https://www.thewarehouse.co.nz/p/arn.../R1334773.html
March will come around quickly.. last year and half went by in a jiffy..
The March interim will be the much awaited news.