So you are a trader when it comes down to it, a momentum trader seems to fit and you do seem to time it very well mostly. Does it work out ok after tax and broker fees? I suppose it would with SUM, it has gained a heck of a lot in recent times.
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https://www.goodreturns.co.nz/articl...or+25+Feb+2020
Result being described as "Weak" with a "Weaker" outlook...must really mean it because Weak or Weaker is mentioned 3 times !
Got me looking up synonyms for weak in an online dictionary...lucky "pathetic" wasn't one of them but "feeble" was :ohmy:
But the dynamic duo of Rob and Julian wouldn't here of that. Much talk in the annual report how they are keen for more land acquisitions in Melbourne...grass must be greener on the other side of the fence eh :) Just do another bond issue of $125m to fix the cash flow situation, what could possibly go wrong :eek2:
I am gutted by today's (outlook in particular), statement, seriously gutted and disappointed. The dream run of high growth really has come to a shuddering and screaming halt :crying: and when growth starts again its probably just going to be in line with others in this sector :sleep:
Metlife underlying earnings down 5% puts SUM +8% in good light
MET book value hardly moved ...SUM up 16%
As alluded to yesterday the ‘abysmal’ underlying earnings growth is down to new sales
They had less new than 2018 but worse still the average realised gain per sale was significantly down on 2018 ...ie selling less and making less per sale
Suppose we blame the sales execs and those dastardly greedy tradies and building product suppliers.
LOL - When underlying profit is only up 8%, (lowest growth in their entire history) and one is forecasting no underlying profit growth this year, (weird how they can forecast that this early in the year which has never happened before, deliberate attempt to hose down the share price ?), what else do you do but cling to past glory ?...oh and sing praises of how we're carbon neutral now, like anyone really cares...
Good they're "investing" in their nurses and care givers though eh Winner...you frequently remind me that all stakeholders are just as important as each other and how Human Capital is just as important as monetary capital. You must be really impressed that the really good gains are going to staff now...give you the warm fuzzies over morning tea this morning, you're doing your bit to make so many of the workers and their families happier and happy workers look after residents better so residents are winners too. This is brilliant, its almost like some form of capitalist philanthropy and heck, even the environment is better as they're carbon neutral. Who needs strong profit growth with so much other "feel good" going on... Maybe Jude Dobson could shoot some new sales video's showing her cuddling polar bears because the current ones don't seem to be working :p