Any bets on 4.30 or over by ex DIV date.
Printable View
Any bets on 4.30 or over by ex DIV date.
Retail Card Spend Sept ……Westpac comment
Retail spending remained weak in September despite the move down to Alert Level 2 in most parts of the country.
Spending only increased by 0.9% in September. That followed a roughly 20% drop last month when Alert Level restrictions were reimposed nationwide.
We had expected a recovery in spending due to the easing in the Alert Level outside of Auckland. However, it appears that activity restrictions are still having a significant dampening impact on spending.
That’s the past …the future is a lot brighter
Is it really ? I suspect you would feel differently if you had lived through the seemingly endless covid prison sentence we've had in Auckland.
I reckon those facts speak for themselves and when Auckland is eventually allowed out of level 3 restrictions you'll get the same result as what's being experienced in the rest of the country now.
Interest rates headed up so less money for discretionary spending, fuel prices at record ever level's, supply chain issues forcing prices up and little discounting....there's not a lot to be cheerful about and especially in the context of the very strong share price gains already experienced. Strong recovery already baked in ?, you folks be the judge...but what if it doesn't happen ?
Well there you have it folks!
No spread south reported today on the Cindy and Dr Blowfeld show!
It could take a move to level 1.5 in auckland in december for the consumer to make a late rush for the goodies.
The Beagle has got his fill for xmas already and is resting up for the next hunt.
But the dividend is still out there and its a whooper if your buy price is right.
Updated:
creeping momentum on the buy side after the Blowfled and Cindy show.
With higher interest rates coming next year where are you going to shop for a Bargain?
4.08!!!!!!
Higher interest rates are being offset by big pay rises in a very tight labour market.
Maybe some WHS shoppers don't have mortgages to worry about?
WHS having a good day today. Market looking forwards. To the grand re-opening and strong WHS fundamentals of growing margins, store rationalization etc
Ok WinnerGrinner.
perhaps its QtyOnHand > 0;
Net Div on OCA again?:cool:
"Sharetrader legends"- (Sell out at 4, forgoing a massive dividend)
Share price- (Recover in 24 hours)
Its early days...don't count your chickens until they come home to roost, BTW My average sale price was $4.11.
https://www.stuff.co.nz/business/126...2+October+2021