There's some focus on the negative environment of lost jobs, reduced income, purse tightening, anxiety around going to malls etc.
But OTOH there are actually a lot of people who've continued to get paid though the lockdown and yet unable to spend. Many of my friends claim to have fat wallets from being stuck at home. Some are actually quite desperate to go buy new clothes, after 4 weeks of binging Netflix in their PJ's — they no longer fit last winters jeans! My wife has some younger friends too (mid-20s) and they often seem to have 'mystery-money' when it comes to needing new clothes.. seeking a new job? New clothes. Working hard? New clothes. Winter? New clothes. Got fat? New clothes. Got skinny... you get the idea.
That’s what people forget - 85% of the population will still be employed and earning money. 👍
At least they didn't pay it out in dividends...
Banks might not like them too much, not because its personal, but because its retail... Smith City has that feel good, been around 100 years+ feel and yet don't seem to be getting alot of love from their bank.
No worries, this time (or company) is different.
https://www.nzx.com/announcements/353056
Got a few million less in the bank now winner (from a post on 30th March), Smith City close to hitting the wall, and it might be prudent for HLG to pay no dividend for this year, maybe even a few years... a big change from the previous decades when it was always a big dividend payer.
Last edited by trader_jackson; 13-05-2020 at 09:34 AM.
yep we were right
lower sales too come and no dividends likely this year maybe even next. think they are a bit too positive on sales rebound though
KMD published a similar statement and look what happened to their SP! Admittedly KMD didn't mention lower revenues during lock down and left that to our imaginations.
KMD published a similar statement and look what happened to their SP! Admittedly KMD didn't mention lower revenues during lock down and left that to our imaginations.
Quality - that’s what the doomsday merchants cannot understand. Too used to the $2 shop rubbish that they frequent all the time.
KMD published a similar statement and look what happened to their SP! Admittedly KMD didn't mention lower revenues during lock down and left that to our imaginations.
i would suggest the current share price action in a lot of stocks is more liquidity driven rather than fundamentally driven at the moment
Originally Posted by tzbang
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