This government wont last 3 years... just saying...
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This government wont last 3 years... just saying...
https://www.msn.com/en-nz/news/natio...cid=spartandhp SUM might say that's a bit of a mickey mouse look :)
Through magic, much like the rest of their policies.
"We are a low wage economy... New Zealanders deserve a wage they can live on... it is no longer acceptable to try and expect families to survive on the minimum wage as it currently is."
And legislating a high wage is what effect JA?
From SUM's perspective, the feeds to residents will just have to increase. I'm sure they'll be very pleased with that.
retirement stocks set to be the biggest losers
https://www.nbr.co.nz/article/market...mmerset-drop-b
And we will be paying that amount to kids 16 years and over. I fully want adults to earn a decent wage. Of course savings are not based on what you earn but what you spend your money on. Some people live frugal lives while others drench it against a wall and no matter how much they get paid they will never have enough.
Will holding the retirement age at 65 have a marked positive effect given the age band of residents entering the villages being 55-70? Super payments obviously will be a net positive, but I'm not entirely convinced yet. Interested in your thoughts.
No talk of the corporate tax cut... I suspect that's goneburger.
Has anyone mentioned the 200 DMA? Not just for SUM either. The whole sector reversed gear very quickly with the new Government announcement. It's the quick and nimble that preserve their capital gains, the rest may be left hoping for the next election, notwithstanding the promise of ongoing dividends. Just saying.
Still working on 40 cps underlying earnings in my model for Dec 17 so shares are trading on a current year PE of just 12 and given the strong long term prevailing demographic tailwinds I think all the bearish news is priced in. Didn't notice any radical plan to dramatically reduce immigration so I'm expecting business as usual for this well managed growth company over the years ahead.
Amazing to think you can buy a well managed company with an average five year, (soon to be six year) growth rate of 48% on a PE of just 12 !! That's a PEG ratio of just 0.25 !
I think talk of a major decline in house prices is just that, "Talk". Change of Govt, wage rate increases and slower house price growth all now surely fully priced in with that super low PE for this sector, onward and upward from here, no worries :)