Quote from 27 September 2019 after the annual result when you were obviously still holding :p
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Yes for sure, see what you want to see, quite the capital rollercoaster and certainly not immune to the economy (see GFC period). I reckon Beagles right that if they can crack the Aussie market wide open and demonstrate significant revenue growth and sustained earnings, this could bolt onto new highs. Personally I'd rather give it a chance to prove that, rather than be a buyer at these levels, despite the yield. Anyone whose enjoyed the capital gains and the dividends of the recent run-up will be pretty happy with themselves.
This is a monthly chart, closing price log-scale. Looks more like a rollercoaster in a theme park :eek2:
Attachment 10786
F.Y.I.
Glassons Australia sales growth:-
2019 13.9%
2018 56.7%
2017 21.5%
I note their 2019 sales growth was during a period of very weak retail data in Australia.
More than enough evidence of an encouraging trend as far as I am concerned.
The size of the Australian market is roughly five times N.Z.
Had a yak with a mate about the depressing economic commentators we have - he said well, winner, they are just eccentric accountants