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Think punters are a bit worried and can’t wait for sales update
My pick is normalised / underlying sales not that good
Prob know Wednesday so they can a real positive rave of the warm fuzzy stuff at the ASM and subtly slip in the sales update.
Why’s you reckon liongraf
Excellent synopsis. Shares down today by about the same as the 24 cent dividend which makes perfect sense seeing as they are now trading ex dividend.
Looks like the trading update will be reserved for the annual meeting on Wednesday at 10.00 a.m.
I am looking forward to that and reading the NZX release, (I would have liked to have been there but circumstances don't allow), and I am confident it will all be very positive.
its a relatively boring day, stock is ex-divvy today and so is only up a cent or two.
One thing that bugs me is the amount of time many companies have between the ex-divvy date and the day they actually pay the dividend. Ideally I would be re-investing the dividend in todays lower price, but by the time the dividend is actually paid the share price is potentially substantially higher.
The october stats for retail which we popped up here the other day says down on last year for all retail. unless we got the number wrong and the govt stats were fed into our databases with a bad record buffer.