Can you make other changes to your portfolio to balance out the risk a little?
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21% hlg, 17% brm, 15% oca , 12% spk (not sure why its not in capitals)
ABS (Oz Stats outfit) released December month retail sales for Australia yesterday
Their commentary had this - not so good reading:
Clothing, footwear and personal accessory retailing
Clothing, footwear and personal accessory retailing fell 9.4% in December, in seasonally adjusted terms.
By industry subgroup, the seasonally adjusted estimate:
- fell 9.3% for Clothing retailing.
- fell 9.7% for Footwear and other personal accessory retailing.
Glassons no doubt picked up heaps of extra market share from other clothing retailers going bankrupt earlier in the year due to covid so there's no worries.
Yes the data was interesting wasnt it :ohmy:.. one of our guys ran some access to this web site and found it down and out, pings were working .. back up now?
going to miss it , there is nothing like local knowledge.
% of NZ Portfolio Net Gain (Loss) by Co roughly to date here -
Net Cash Divs, realised & unrealised gains included
HLG +53.0%
HGH +14.5%
NWF +8.5%
TRA +8.5%
BGP + 7.3%
SKL + 4.8%
WHS +3.3%
NZO -6.1%
SKT -3.2%
ATM -2.7%
SCY -2.6% (W/o)
AIR -2.3%
The rest (incl losses & w/offs) Net + 17.0%
And yet this paints a far more rosy picture https://thebull.com.au/biggest-lift-...+February+2021
Excerpt “At a national level, clothing, footwear and personal accessory retailing (18.1 per cent), and cafes, restaurants and takeaway food services (10.4 per cent), led the rises in seasonally adjusted volume terms. Hard to make sense of statistics sometimes...I suppose its how one interprets them.
I am REALLY looking forward to the trading update and profit forecast, maybe as early as this coming week ?