Bgp

What caused that big decline today.

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Originally Posted by horus1

What caused that big decline today.

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Kathmandu down big time as well and Warehouse been weak all weak

Maybe punters worried virus going to hurt retail

Weakening NZ $ against US $ ,will mean imports will cost more,and will put further pressure on retailers' margins.
Competition is already hurting margins.
Even HLG's share price has dropped below its 100 day moving average..

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Originally Posted by winner69

Kathmandu down big time as well and Warehouse been weak all weak

Maybe punters worried virus going to hurt retail

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Kathmandu since 20/12/19. WHS and Briscoe's both this week.

Sales every week.. ?..
Not just the virus IMO

The past few weeks has seen a big increase in the shareprice from briscoes from circa 390 up to 4.40’s and now in the past few days as news of this virus has hit heightened irrational levels the shareprice has plunged back down to where it was a few weeks ago.

very out of the ordinary for briscoes to experience large movements being tightly held but doesn’t even warrent a blink.

longtime holder.