So now you invert your pyramid eh belg
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So now you invert your pyramid eh belg
I will not be back into the black until it hits $1.33
One that Fisher Growth Fund has in the portfolio.
Yes, mostly bought at over $3 and now only some left - the rest sold to the likes of Rod Duke and Jane Cameron at huge losses. Not to Carmel Fisher personally of course - just the unfortunate minnows who were superbly netted into her funds by slick PR and media relations.
Carmel "Buy high, sell Low" Fisher strikes again!
Yep belg. ......always pay to be ahead of the curve eh
Some gurus say buy before the bottom of the cycle ....better than waiting for the upturn to have happened ....you just like one of these gurus eh
Still topping of the pyramid ....or slowly dismantling it
Disappointed they didn't reinstate a small dividend, but the result looks positive for the future.
Operating cash flow was $14m belg ....and they had $7m of capex so essentially fre cash of $7m ....still better than last year
Today's press has them telling Aussie landlords cut the rent or get a new tenant ....we not signing 7 year leases at these rates on marginal stores .....so there
My brother, who lives in Hobart, has just returned from his winter mainland trip.Drives up the middle from Melbourne and then over to the coast up by Townsville,then comes all the way down the East coast. His comments "A lot of empty shops everywhere."Westfield are trying to get fashion retailers rent up to 30%,yes 30% of their turnover.Add staff costs of up to 15% of turnover and things start to get rather tight.Therefore online becomes very attractive.!!!!!!!!!!!!
Last thing you want in retail is an empty shop next to you.