Excellent news with this mornings new Covid framework announcement!
- retail will be open under every alert level
- more than doubling of resurgence payments to impacted businesses
- increased hardship support for minimum wage workers, meaning even a couple both working 40 hours on minimum wage will be getting extra payments if needed.
- enforced vaccination requirements to enter many establishments mean confidence for people to patronize premises
Jarden says property sector been a disappointment of late. Media report
Property stocks outperformed the index in October, falling just 0.6%, even as bond yields climbed. Low-interest rates have been a positive for the sector as they ensure the cost of borrowing for investment is kept low. Despite this, today Jarden analysts said the sector’s performance had been “disappointing through the lower interest rate cycle” and interest rates moving higher the analysts trimmed 3% to 5% from their target prices for stocks in the sector.
”When investors are euphoric, they are incapable of recognising euphoria itself “
Precincts comments about rent holidays and some tenants going broke etc etc spooked the market …and the worry about steep interest rate rises not helping either
Close today 114 … 52 week low coming up next week I fear
”When investors are euphoric, they are incapable of recognising euphoria itself “
Yes a Rabbit out of a Hat is required for Auckland... ARG under 1.50 will be a steal to NTA but not if OCR's hit 3. Fear that 1,70 was a sell and wont be seen again for a long time.
Given that the products these types of store sell, the country of manufacture and eyewatering margins applied I suspect the real cost of the freebie to the retailer is closer to $10...
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