I see Red lights flashing for most of the NZX at current prices particularly the power companies. PS-Not into Diworsification and only hold 3 stocks(1 Divvy + 2 Growth)
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Diversification to me is 2 houses,an orchard(diversified of course),6 stocks, and a few smaller varied investments including legally tight mortgage to son.
Diworsification would be 3 stocks.
I see Red Lights everywhere but it doesnt stop me moving forward(not traffic lights).
I have no money in the bank as it would stay the same or diminish
Couta have a look back at your post # 1159 , MEL would have to fall 40 % from here to be at your "overpriced " level ....
"The market can stay irrational for longer than you can stay solvent" ......
Maybe something has changed ...that would be the trillions of money on negative yields around the world ...
Thoughts on what a good value price for this is now?
Nice upgrade....25mil.
https://www.nzx.com/announcements/342811
Forsyth out this morning saying MCY overvalued on basically every single metric (vs rest of the gentailers - who are arguably already overvalued as a sector)
Their 12 month target price indicates share price should really be about $1 lower than current.
Back on the high side of $5.
Still my favourite power generator, and happy to hear that they are putting more wind mills up.
Huge trading volume today - 52.6m shares at $246m. The daily volume hasn't gone over about 6m in the last year (according to the Direct Broking charts). It may help explain a number of the other big volume - big value movements on the close.