-
24-10-2017, 05:47 PM
#5701
Member
This government wont last 3 years... just saying...
-
24-10-2017, 06:09 PM
#5702
Originally Posted by dabsman
This government wont last 3 years... just saying...
https://www.msn.com/en-nz/news/natio...cid=spartandhp SUM might say that's a bit of a mickey mouse look
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
-
24-10-2017, 06:24 PM
#5703
Originally Posted by Ggcc
Little old New Zealand setting the trend for the one of the highest minimum wages in the world...... I wonder where the money is going to come from?
Through magic, much like the rest of their policies.
"We are a low wage economy... New Zealanders deserve a wage they can live on... it is no longer acceptable to try and expect families to survive on the minimum wage as it currently is."
And legislating a high wage is what effect JA?
From SUM's perspective, the feeds to residents will just have to increase. I'm sure they'll be very pleased with that.
-
24-10-2017, 06:29 PM
#5704
one step ahead of the herd
-
24-10-2017, 06:30 PM
#5705
Originally Posted by Zaphod
Through magic, much like the rest of their policies.
"We are a low wage economy... New Zealanders deserve a wage they can live on... it is no longer acceptable to try and expect families to survive on the minimum wage as it currently is."
And legislating a high wage is what effect JA?
From SUM's perspective, the feeds to residents will just have to increase. I'm sure they'll be very pleased with that.
And we will be paying that amount to kids 16 years and over. I fully want adults to earn a decent wage. Of course savings are not based on what you earn but what you spend your money on. Some people live frugal lives while others drench it against a wall and no matter how much they get paid they will never have enough.
-
24-10-2017, 06:30 PM
#5706
Originally Posted by trader_jackson
You reckon this government, who also promised to hold the retirement age at 65 (which is positive for the industry), is going to change the fundamental laws of time and stop people getting old??
Will holding the retirement age at 65 have a marked positive effect given the age band of residents entering the villages being 55-70? Super payments obviously will be a net positive, but I'm not entirely convinced yet. Interested in your thoughts.
Originally Posted by trader_jackson
(along with the lofty $20 an hour target, cutting corporate tax to 25%, building 100,000 homes in 10 years, free uni for first years, and Winston himself walking down the pike river shaft - I look forward to seeing all these happening starting 1 Jan next year!)
No talk of the corporate tax cut... I suspect that's goneburger.
-
24-10-2017, 06:48 PM
#5707
Has anyone mentioned the 200 DMA? Not just for SUM either. The whole sector reversed gear very quickly with the new Government announcement. It's the quick and nimble that preserve their capital gains, the rest may be left hoping for the next election, notwithstanding the promise of ongoing dividends. Just saying.
-
24-10-2017, 07:00 PM
#5708
Lower share price == greater value
Originally Posted by Baa_Baa
Has anyone mentioned the 200 DMA? ...
No. Why? Is it supposed to have some importance?
-
24-10-2017, 07:50 PM
#5709
Originally Posted by Paper Tiger
No. Why? Is it supposed to have some importance?
Typically quixotic, unless you know this isn't going lower. Do you ... know? Apart from 'it all'. Far be it from me to elaborate on the importance of a stock or a sector that succumbs to its 200 DMA, So quickly.
-
24-10-2017, 08:12 PM
#5710
Still working on 40 cps underlying earnings in my model for Dec 17 so shares are trading on a current year PE of just 12 and given the strong long term prevailing demographic tailwinds I think all the bearish news is priced in. Didn't notice any radical plan to dramatically reduce immigration so I'm expecting business as usual for this well managed growth company over the years ahead.
Amazing to think you can buy a well managed company with an average five year, (soon to be six year) growth rate of 48% on a PE of just 12 !! That's a PEG ratio of just 0.25 !
I think talk of a major decline in house prices is just that, "Talk". Change of Govt, wage rate increases and slower house price growth all now surely fully priced in with that super low PE for this sector, onward and upward from here, no worries
Last edited by Beagle; 24-10-2017 at 08:14 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
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks