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05-01-2019, 03:48 PM
#1231
Interesting that Kathmandu, Briscoe and Hallenstein Glassons always go on about challenging market conditions
Over the last 4 years core retail sales (excludes vehicle related spend) have grown at just under 5% pa (Stats NZ)
Wonder what word they’ll come up if things get really ‘challenging’
Last edited by winner69; 05-01-2019 at 04:56 PM.
When investors are euphoric, they are incapable of recognising euphoria itself
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05-01-2019, 05:18 PM
#1232
It's just a word, winner. Not fashionable to use words like "problematic", "difficult" or "disastrous" any more.
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07-01-2019, 10:48 AM
#1233
http://www.sharechat.co.nz/article/3...-christmashtml
Paymark data is not adjusted for inflation so in inflation adjusted terms sales for the Christmas period are probably down, (depending upon the inflation rate for calendar year 2018). Doubt its just KMD shareholders that will end up being disappointed with this...
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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07-01-2019, 11:21 AM
#1234
Originally Posted by Beagle
http://www.sharechat.co.nz/article/3...-christmashtml
Paymark data is not adjusted for inflation so in inflation adjusted terms sales for the Christmas period are probably down, (depending upon the inflation rate for calendar year 2018). Doubt its just KMD shareholders that will end up being disappointed with this...
Auckland's stuffed eh ...going to bring the country down
Even Barfoot and Thompson today admitted Auckland house prices are in decline
When investors are euphoric, they are incapable of recognising euphoria itself
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07-01-2019, 11:23 AM
#1235
Beagle, being an accountant, can you explain to me why Auckland & Northland have 75% of electronic transactions but only 1/3 of sales ?? Is because you buy much cheaper Christmas presents and lots of lattes during shopping, or are we the good folk of Shane Jones' regions still using lots of cheques & cash (but they probably wouldn't show up in Paymarks numbers) ???
Last edited by iceman; 07-01-2019 at 11:25 AM.
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07-01-2019, 11:30 AM
#1236
LOL Iceman...have another read mate. I believe the 75% reference is a reference to the fact that Paymark process 75% of the countries electronic transactions and nothing to do with Aucklanders propensity to sip latte's
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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07-01-2019, 11:33 AM
#1237
Originally Posted by winner69
Auckland's stuffed eh ...going to bring the country down
Even Barfoot and Thompson today admitted Auckland house prices are in decline
Tough times mate. I wonder how Aucklanders will feel not being able to tap into their house ATM money making machine any more ?
I think the fancy boat dealers and luxury car retailers will be struggling !
Last edited by Beagle; 07-01-2019 at 11:35 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
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07-01-2019, 12:04 PM
#1238
The sky is not falling. https://www.nzherald.co.nz/business/...ectid=12186577
Originally Posted by winner69
Auckland's stuffed eh ...going to bring the country down
Even Barfoot and Thompson today admitted Auckland house prices are in decline
Originally Posted by Beagle
Tough times mate. I wonder how Aucklanders will feel not being able to tap into their house ATM money making machine any more ?
I think the fancy boat dealers and luxury car retailers will be struggling !
You guys should use the winky face, unless you actually seriously believe what you both said.
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07-01-2019, 02:30 PM
#1239
Sad fact is Baa Baa that a lot of Aucklanders have got used to making more money from their houses than from their jobs and quite a number of them have been drawing down on this increase by extending their mortgages and / or lengthy interest only periods on same. A lot of well healed people have seen their investments take a serious hit over the last few months too. That combined makes the likelihood of acquiring a discretionary high value consumer item at the moment far less likely than it would have been a year or two ago. No winky face because its the truth !
Last edited by Beagle; 07-01-2019 at 02:31 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
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07-01-2019, 02:47 PM
#1240
Auckland started outperforming the rest of the country on the downside in the September quarter according to ASB
Signs December quarter worse ....and maybe even heading into recession sometime in 2019
https://www.asb.co.nz/content/dam/as...rd-Q3-2018.pdf
When investors are euphoric, they are incapable of recognising euphoria itself
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