Well I guess we should be selling all our A2 shares then as it approaches the MA200. PS-Good buying opportunities only come on price drops.
http://www.scoop.co.nz/stories/HL180...confidence.htm
Some people reckon this business confidence thing is male white businessmen who voted National behaving like 5 year olds and having a tantrum....or could they be right and Labour are sending us down a rabbit hole into a recession ? None of this will matter though because Turners demographic are flush with funds from the new families package lolly scramble and they'll be buying used cars in droves because the workers time has arrived and they couldn't care two hoots about business confidence...right ? So if its all going so well why is the SP back down in the doldrums again ?
Most probably closer to CMO than TRA.
Just remember every day Turners are improving and growing their business.They have the capacity to pay increasing fully imputated divies.
Concentrate on the business,rather than the share price.Try to think like a business owner, like Warren Buffett.
I think the lack of business confidence is unconscious biases coming into play e.g. National = good, Labour = bad, men competent and women incompetent.
Labour sending us into a recession? National sent a lot of people into recession, especially people who don’t own their own home. People being homeless, living in cars is something you associate with recessions and depressions not a healthy economy. And those who are renting are struggling to pay soaring rents. So officially the stats may say it is not a recession but many are really struggling financially.
yep politicised misinformation, but thats typical of the national party ,a great example being judith collins fake news snippet ,with a new low ,adding the prime ministers name to the fakery, anything goes with them ala trump, sad hole they are in and its getting deeper.
"Elsewhere in the world, firms would kill for the favourable conditions that business enjoys in this country. New Zealand is running a surplus, has remarkably low levels of government debt, enjoys historically low interest rates, has excellent terms of trade, has a currency rate increasingly favourable for exporters…. This country also has a government willing to pick up an unequal share of the tab – by OECD standards – of the private sector’s own research and development costs ; it operates a benign tax regime on capital gains, has relatively low labour costs subsidized by welfare payments by the state, has help available from the state for the cyber security risks facing business, has low unemployment, low inflation and a coalition government that’s committed to fostering global trade… Add it all up, and the positive factors for business could hardly be rosier.
On top of all that, the coalition’s Families Package and Winter Energy payments are about to inject hundreds of millions of dollars into the retail sector of the economy. What more help can those in business possibly want, or need? Why don’t these bold buccaneers of commerce show a bit of the pluck and self-reliance that they expect of everyone else? In effect, most of them are behaving like a five year old at a birthday party that isn’t getting everything its own way."
Neighbour getting heaps from his mates for ‘switching’ into Turners ....lamenting buying at recent highs. Reminded him that A2 was being a dog at the moment as well.
Told him it won’t go any lower so just hang in there might be best
Some of them thought they were really cool rubbing shoulders and mixing with real investors at the meetings
He should chose his mates more carefully.!
Perhaps they would not be laughing at him had they attended the presentation with him.
My mate went to the TRA presentation HHG put on.Most impressed.
Luckily he has you as a neighbour.
ps
Are his mates the "mad investor" bowlers?