best looking chart possible... now MR P high lighted that several years ago....next crash buy the farm that and the freights.
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best looking chart possible... now MR P high lighted that several years ago....next crash buy the farm that and the freights.
A bit of defence stock maybe?.. sought after with China debacle going on…
Doesn't hurt that Jarden upgraded SKL to Buy with an increased price target this week.
Disclosure: held
Thanks for this information TI and FM, I'm up > 260% on this one, its my third biggest holding and had been wondering about reducing a bit as I am pretty unsure what is driving this increase. Will probably just continue to hold I think ....at this stage.
MR P picked this stock several years ago.
One thing is that an investor can always find a reason to buy and to sell. Every good company is rewarded or like a good athlete or race horse they will always have conditions in which they out perform the field.
Always worth following the smart money to turn pennies into pounds - Yes Sir :)
they're not resident on the share register for no reason ;)
very impressive isn't it.
November 2016 NZX announcement
"Skellerup Chairman Sir Selwyn Cushing, speaking ahead of the opening of the $60 million, 19,000 square metre facility, Sir Selwyn said the move to a purpose-built, integrated site would help Skellerup cement its reputation as the world’s leading designer and manufacturer of food grade rubberware for the global dairy industry, and to further expand into new markets and new industries."
since the opening of this new Wigram facility the share price hasn't looked back.
only briefly interrupted by the covid outbreak feb 2020.
not the only contributing factor i'm sure. but significant.
Didn't they hold (still branded NZ First Capital) as well tons of CBL before they crashed?
While I don't want to imply that SKL will follow CBL, relying on any broker's investing other peoples money is as reliable than throwing darts while blind folded. Sometimes they hit and sometimes they miss - and hey, money is never smart - it is just cheap plastic which people agreed to value.
but NZX history in some spheres should in itself provide a different set of reasons & learnings ...
all but forgotten too .. but those were from past different times & crashes after rises :)
Should that be sending fresh warning signals now ? ;)
If it did then unpopular lowly trading bank accounts spitting out a very small fraction of 1% pa
before the taxman takes another swipe out of it may be more popular than they are now .. :)
Just goes to show - many economies are in effect run like ponzi schemes .. just remember to be among the
first out .. I guess ;)