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  1. #291
    percy
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    Was at Briscoes Salisbury St ChCh buying a skillet electric fry pan at 9.40 am this morning.Was $99.99 yesterday when we looked.Paid $40 today.
    Shop was flat out.Even a que to get into their car park.
    Last edited by percy; 23-11-2018 at 02:51 PM.

  2. #292
    Membaa
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    BGP only 10 cents or so off major support on the chart (lows of 2017 and highs of 2014). Today's 50%+ off sale was pumping, so plenty of stock flying out the door, hopefully still at decent margin and pumping up revenue after what may have been an otherwise lack lustre Dec retail period.

    Current prices could offer decent buying for yield and some day in the future capital gains, though as mentioned elsewhere, it's difficult to tell whether the retail sector as a whole has a contagion and this reliable divi payer is well past it's 50/200 DMA death cross (Oct'18) and still deflating SP.

    Wadda ya reckon people, buy into support at $3.10-12 or wait and see how low it goes?

    p.s. for years this stock has done well in the first quarter calendar year.
    Last edited by Baa_Baa; 20-01-2019 at 07:06 PM.

  3. #293
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    Quote Originally Posted by Baa_Baa View Post
    Wadda ya reckon people, buy into support at $3.10-12 or wait and see how low it goes?
    I have to admit, I am curious....

  4. #294
    Veteran novice
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    If BGP goes much lower I can see a certain majority holder building his holding.

  5. #295
    ShareTrader Legend Beagle's Avatar
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    chartbriscoes.jpg
    There is nothing about the chart that provides any encouragement at this point, in my opinion.
    I won't open up a new position with buying into a clear downtrend but each to their own. I must admit I have a lot of respect for how Rod Duke has run his operation over the years. Getting the timing right is the key here.
    Last edited by Beagle; 22-01-2019 at 08:58 AM.
    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

  6. #296
    Membaa
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    You need a longer timeframe chart, the support is from 2014

  7. #297
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    The only vaguely possible bullish pattern I can see is a descending triangle in last month or so, which could indicate a rise back to 3.40 - 3.50 but nah I wouldn't buy on that possibility certainly not yet. Ideally it could have a quick spike down before turning sharply up. But by the time its confirmed (and one should wait for confirmation) there wont be much left to take on the completion as its not really that big a pattern.
    For clarity, nothing I say is advice....

  8. #298
    Speedy Az winner69's Avatar
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    No signs of weakening sales at Briscoes

    http://nzx-prod-s7fsd7f98s.s3-websit...393/294658.pdf
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  9. #299
    ShareTrader Legend Beagle's Avatar
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    Good result for Q4 compared to how many other retailers appear to have done.
    Forward PE on revised profit guidance 11.4 at $3.25. Looks about fair value to me.
    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

  10. #300
    percy
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    Quote Originally Posted by winner69 View Post
    No signs of weakening sales at Briscoes

    http://nzx-prod-s7fsd7f98s.s3-websit...393/294658.pdf
    On line sales up an incredible 27%.

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