Shocking - 6 pages of threads under the NZX, and not one discussing the performance of this unique opportunity to invest into the bourse itself!
OK - they are typically a strong non-performer with a sometimes colourful but rarely inspirational board - and the share may or may not have a fair place in the class of pseudo bonds, but still - they do deserve a thread, don't they?
One thing which intrigued me is the recent SP development: SP moved since last week in March up from $1 to $1.16 - and latest buying seems to be relentless. Sometimes I am wondering about the wisdom of the market, but no doubt - all these people out there do see more than me.
For me NZX still looks like a quite boring low performer - I guess $1 - sure, ok-ish dividend yield, but $1.16 per share?
NZX trend.JPG
Anybody out there who could shed some light into this stellar rise?
Today A2 Milk is down 3.5% and Synlait is up 3.5%. Its a very odd market we live in.
Quote from: Minimoke on Apr 16, 2024, 01:50 PMToday A2 Milk is down 3.5% and Synlait is up 3.5%. Its a very odd market we live in.
A lot of punters off their meds?