Great companies move in sync :p;
Attachment 13471
MFT blue - WHS - orange.
Printable View
Great companies move in sync :p;
Attachment 13471
MFT blue - WHS - orange.
well it got Boosted!!!!
is the retail wreck in NZ not coming to pass after all? Full employment due to QE and big employment by public sector.
Winner the correction is over... Young retail investors were posting on facebook last week friday asking how to short the market. Classic sign that its over. Like when that famous investor back in the 1920s got a 'stock tip' from a shoe shine boy. He knew he was in peak market
Hope everyone has deployed their cash. Or inflation will eat away at it
Weird, my previous posts re themarket.com seem to have been taken down?? :mad ;: Must have had too much truth!
Anyway, not sure if anyone else has clocked this, but they are canning 1-day (says it on the masthead of 1-day on their site)
Why I wonder? Pre 2019 and the introduction of themarket.com , as per their statements 1-day was doing circa $60m and seemingly profitable (without all the heavy overheads that themarket.com brought)
They recently stated "we have 5 of the top leading E-commerce websites in NZ" , now it will be 4.
https://www.similarweb.com/website/t....com/#overview Number 100 in NZ 1.8m visitors last month
https://www.similarweb.com/website/1...o.nz/#overview Number 123 in NZ 1.5m visitors last month
Sure, there will be some overhead savings, but 1-day was a huge part of the $100m investment when it was part of Torpedo7, they are effectively writing this off?? (i know they have already written this down substantially)
Why wouldn't they spin this business off? mightyape got sold for $122m, Grabone sold for $18.
1-day has more visits than Bricoes.co.nz!!
The cynical part of me says this will be an opportunity to "spin" the market is growing. If they factor on half of the regular visitors now being redirected to themarket.com and spending directly there they can quietly sweep 1-day under the carpet and voila themarket.com is amazing!
Their online strategy really does baffle me.
If anybody want's to see jim's previous illuminating posts re themarket.com they were 'quoted' by a few
Go to Search Thread on the yop grey bay and search jimdog31 and they'll pop up
Good stuff on them ....weird they disappeared
Red Sheds and Torpedo7 should have done well selling cheap tents to the protestors at Parliament ….that’s if they had any in stock ;)
Cheap as and next to useless in current weather I’d say