Ann: NZME Half Year 2018 Results Presentation, page-11

People seem to have forgotten how dangerous debt can be. I did ok trading this last year & kept it on my watch list, I thought it got oversold & it has a history of biggish drops with recoveries so I bought a small parcel. There were a bundle of stocks I was watching that blew up around the same time which I got into, except for fig they’ve done ok (eclipse bounced enough to cover fig) this might end up a hold but I’m not holding much, I’m thinking a decent pull back mightn’t be far away? Debt with higher rates is a definite high risk but there are plenty of real threats that could turn sentiment. Value stocks should do ok but momentum stocks are a worry.