You do not see good farmers sell their farms because of the one season or year of drought.
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Still a solid long term hold in light of corporate travel not disappearing. I do forsee an incredibly shaky road with next few quarter reports showing horrendous figures which may dip the SP, but perhaps 87c is a little too low for a company which booking.com has a chunk in
Sincerely hope nobody listened to the doomsday merchants & posters and sold Serko below $1.00.
If you want to sell, sell today.
Ebb and flow of the market - institutions realized that market (and stocks like Serko) is oversold and taking the opportunity to buy back shares they probably sold out at much higher prices.
Eg. Milford sold 1m shares at around $4.80 - imagine how delicious it is for them to buy back at under $1?
http://nzx-prod-s7fsd7f98s.s3-websit...568/318316.pdf
Sincerely meant - not being sarcastic. We are all hurting from the carnage.
I am also heartened by SKO's resurgence as it is my 2nd biggest holding after A2. However, I'm not so sure "the worst is behind us."
USA's Corona-19 infections and death rates are going to surge and when that happens I suspect Wall Street will get hammered again.
Likewise Australia is not handling things well, so although I would like NZX to be immune from ASX and Wall Street, I think we are due for more downward pressure to come.
Hope I'm wrong though!!