Will ride it out along with my other current sizable loss running shares, namely CNU/TLS and SUM.
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One of my little philosophies I have developed is "there is always another time". That tends to apply to both buying and selling. My feeling is you have already taken the beating, so may as well see how it goes from here.
Some would say cut your losses. I think that makes sense when the company is clearly turning into a dog, but the jury is hung on this one I think.
Disc: Sold, almost by accident, my wee parcel prior to it going ex div for 1.39 (I got the jitters). So I'm not feeling the pain on this one, but have been there on others.
What you paid is more or less an irrelevancy. It's only ever worth what some else is prepared to pay you. So your save or sever logic should be based on the future from today. You only have 4 limbs to sever. My left arm is a bit uncoordinated but still serves a purpose...
Currently watching this one from the sidelines
Strongish afternoon saved what could have been a dismal day
Readymix concrete production could be a lead indicator for Metro NZ performance - like concrete needs to be poured before windows go in for a lot (if not most) of buildings
Stats NZ report Readymix production down 2% in the June quarter v same quarter last year and on an annual basis growth has fallen to 3% (growth steadily declining from the 13% reported in June 15 year.
Seems to mirror the Building Activity stats out the other day
Wonder how flat flat really is - we'll know come November (if not before)
That sounds about right, I do see the softening as a temporary lag though and that record activities are yet to come
That said, any growth arent likely to translate into revenue growth on paper until FY2019 so we might see the price hang around this level in the short term.
Thanks karlos for the heads up, if we do see any aggressive cost reduction come to fruition this year, it should hopefully offset the slowdown making the price attractive at current levels
Disc. Jumped in @ current prices
so here we are again at close to the all time low,is it worth a top up again? what do you think guys?