I see your point. But let's forget the cheese that I happened to use as an example. Let's say that a "package" or a unit stays the same price and if it doesn't go up, then as you correctly say - inflation is zero. But what about inflation shrinkage? You know, like when you pay $7 for an item that was only last month 250grams and next year, it's still $7 but the package has shrunk to 200 grams. That in itself represents a 20% increase even though the "price" hasn't increased. Correct? If you dare look around, you'll see it everywhere. If you like, I'll make a list of all the rip offs which essentially means that you pay more and get less - regardless of the inflation number. Remember, there's statistics, statistics and then there's damn lies.
But anyway, probably flogging a dead horse here and I'm glad that I'm not going insane regarding credit corp's result. It was crap and is now being treated accordingly. For it to push up to $24 based on the forecast of a "strong second half result" - which in actual fact just makes it inline with FY23 guidance ie: no growth, was a bridge too far. I look forward to further weakness. I've been buying under $20. But will now look to the 18's again.
The market gets bored very quickly.
Goodluck!
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- Ann: Credit Corp Group H1 of 2023 Media Release
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Ann: Credit Corp Group H1 of 2023 Media Release, page-66
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Last
$17.62 |
Change
0.280(1.61%) |
Mkt cap ! $1.194B |
Open | High | Low | Value | Volume |
$17.18 | $17.76 | $17.15 | $2.633M | 149.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 550 | $17.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.62 | 89 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 553 | 17.600 |
2 | 80 | 17.590 |
7 | 716 | 17.580 |
7 | 819 | 17.570 |
8 | 1181 | 17.560 |
Price($) | Vol. | No. |
---|---|---|
17.610 | 32 | 2 |
17.620 | 520 | 12 |
17.630 | 690 | 12 |
17.640 | 862 | 8 |
17.650 | 967 | 8 |
Last trade - 15.05pm 11/08/2025 (20 minute delay) ? |
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