They've had a long run of good performance so I'm not that worried about some adjustment to valuations.
I'm more concerned about local economic factors like long running under-target CPI, low business confidence, low impact fiscal policy and RBNZ not having many bullets left. Tiwai alone isn't a high impact event but the cumulative pressure may cause a downturn.
The world’s buying heaps of our goods in spite of these ‘global headwinds’
Total exports going gangbusters - doesn’t that say our economy going pretty good.
”When investors are euphoric, they are incapable of recognising euphoria itself “
As I agree with you Couts does that mean I agree with tj and Morningstar as well ....WOW
Mum and Dad investors putting term deposit money into gentailers are going to ask ‘heck where’s my money gone’ one day.
And to think Beagle was telling punters not long ago that these companies we're the best thing since sliced bread. The lynch mob might be out soon to give him a good old snout whacking.
Fairly certain unless they bought in the last few months they would still be laughing all the way to the bank let’s see how the shares trade going forward ....
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
International investors looking for a good deal regarding CEN SP. Currently well below last GS TP $8.40 (AUG)
CEN or MCY possible inclusion into Sept MCSI index replacing FBU ...........??
"Contact is currently presenting to international investors in Singapore, Tokyo, Frankfurt, Zurich, London, Boston and New York. This presentation has been re-issued with minor changes to pages 22 and 41 to provide clarity around the calculation definitions and added the source references to information presented."
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