$Kiwi been doing very well lately. Currency headwind has disappeared which should be very assistive in the medium term 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
Short term I am expecting some impact to Australia retail from the severe bush fires. Beyond the current season the currency will be of assistance at this level, although how much of next seasons stock has already been bought at lower currency level's is an unknown. Full impact of higher currency won't be felt until next year's financials'.
$6 is a hold in my opinion.
Last edited by Beagle; 05-01-2020 at 07:35 PM.
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
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
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Originally Posted by winner69
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