Alert Level .... CRIMSON RED!
Scheisse! :scared:
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Alert Level .... CRIMSON RED!
Scheisse! :scared:
Time to buy more ARG but they are already buying!
Only a matter of days in my opinion and N.Z. will predominantly be in lockdown. By the time they do their trading update for the first quarter on 12 November it will have dawned on them that Delta is different, (I would have thought that much was perfectly obvious many months ago) and is having a very different and more significant impact to the last time they correctly took the wage subsidy and then subsequently incorrectly repaid it to kowtow to political pressure.
This time shareholders will be the sacrificial lamb and the ones directly paying for the directors and senior management ESG boldness...these same directors and management that keep collecting their full fees and salaries are happy to make these bold ESG calls to not take legitimate Government Covid support and putting shareholders dividends to the slaughter just so they can look good from an ESG perspective.
I put it to you folks that they are in breech of their fiduciary obligations to put shareholders rights first and foremost and are blinded by their obsession with all things ESG.
WHS up significantly even excl dividends.
It'll be fine and there will never be another lockdown given vaccination rates.
well Winner Grinner one could say its building a new base line here...
Also looking out on NZ it looks like a country enlarging it centralised systems at a time when Fibre is providing business with new opportunities.
Fibre could be what saves retail in that it no longer expensive to move data around the country.
Business in NZ could move ahead of govt but retail will need to invest in IT and that means handing out large DIV's now and next year might not be a great idea if they want to world class retail experiences.
magnit even grow earning 40 percent and even Moscow these days has some High tech tax collection systems in retail.
Cant wait to get back to europe to show off our new toys for the Meta data universe...ooops not supposed to talk about that one..
Government figures released today shows both GST and company tax collected for the September quarter (which included 6 weeks of Auckland lockdown, and a couple of weeks of nationwide lockdown) was STRONGER than expected.
Yes you read that right: GST and company profits were HIGHER than expected, and that was based on expectations from BEFORE the lockdowns happened.
The NZ economy is in beast mode right now.
"The NZ economy is in beast mode right now."
yes but based on what? bonds being sold to finance debt?
cripe if this is a good High Mode when does the bow wave start to hit drag.
central models never work in the end against distributed they get delays like cars in single lanes.
this delta strike hasnt start to hit debt levels yet.
The stronger revenue is just debt recycling.
Yes export agri sector is saving the show but the forward debt is not something that is just a number on a balance sheet. They did not do MMT, they actually sold bonds on the open market. It not fake money its not MMT. This brought forward debt is real.
"inflation is definitely in beast mode"
bow wave ...:eek2:
This question in the Westpac McDermott Miller Consumer Confidence Survey is generally a good insight to future consumer spend.
Measure down to 2000 recessionary and GFC times
Might not mean anything this time as world is getting weirder and weirder
he major factor that has been weighing on household sentiment has been weakness in spending appetites (Westpac)