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
Although its gone from 4 Buys 1 outperform and 1 hold to
3 buys 1 outperform 1 hold and 1 underperform over a year plus. My broker has a 1 year target of $6.38.
Disclose still holding.
Shareprice pretty low though, seeing it was close to 6 bucks not that long ago
Yes it sure is and as noted previously they face a number of headwinds. The Governments reaction to final recommendations of the fuel study to be released on 5 December will be very interesting. I wonder if Jacinda will get back on her "motorists are being fleeced hobbyhorse" given that according to ZEL's reporting their margins are under real pressure and return on capital invested is at a multi year low.
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
I wonder if Jacinda will get back on her "motorists are being fleeced hobbyhorse" given that according to ZEL's reporting their margins are under real pressure and return on capital invested is at a multi year low.
Yes, she'll take credit for anything that she thinks will build her political capital.
Meanwhile over at ZEL, the share price plums another multi year low closing today at just $5.03.
Buying on a confirmed downtrend is usually a very risky strategy.
I think this looks like a real value trap. Might find a bottom in the mid $4's but who knows...
Only a couple of weeks to go until we see what Punch and Judy show the Government will try and concoct over fuel margins...
This was one of her most recent rants https://www.tvnz.co.nz/one-news/new-...-being-fleeced
I think we all know who's really fleecing us
Last edited by Beagle; 21-11-2019 at 05:17 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
Originally Posted by Snow Leopard
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