Not much movement despite the Gizzy port news. This stock seems pretty bullet proof. Would have thought 20% fall from Corona Virus. Still insane PE multiple.
logs were in a bad way prior to the coronavirus outbreak.
I have a family member who drives a logging truck told me last night he has 1 months work left carting export logs to be wood chipped in New Zealand because China has stopped taking logs.
The reason they were given is not wanting to spread the virus via the ships travelling from China to New Zealand
That reason sounds somewhat spurious to me. I read elsewhere that there may be trade implications in relation to travel restrictions NZ imposed on those travelling from China. The real reasons will no doubt come out in the wash with time!
I read elsewhere that there may be trade implications in relation to travel restrictions NZ imposed on those travelling from China. The real reasons will no doubt come out in the wash with time!
The election date has been announced. So at the moment govt worried about that and keeping Winnie on side, they'll deal with China if/when they get re-elected.....
logs were in a bad way prior to the coronavirus outbreak.
I have a family member who drives a logging truck told me last night he has 1 months work left carting export logs to be wood chipped in New Zealand because China has stopped taking logs.
The reason they were given is not wanting to spread the virus via the ships travelling from China to New Zealand
Thanks for the "heads up".
I sold our holdings yesterday morning for average $3.745.
God....then cruise ships are nervous too to dock due to global quarantine...
The Two cruise ship quarantines will have a huge impact on sentiment for those considering a cruise. The thought of being confined to a windowless cabin for Two weeks would be enough to give potential holidaymakers nightmares.
The Two cruise ship quarantines will have a huge impact on sentiment for those considering a cruise. The thought of being confined to a windowless cabin for Two weeks would be enough to give potential holidaymakers nightmares.
.....and you’d probably get norovirus as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Originally Posted by Southern_Belle
So at the moment govt worried about that and keeping Winnie on side, they'll deal with China if/when they get re-elected.....
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