Dzppp, Excellent insights from you, well constructed and argued post,
2day down in Australia. Stephen Jones, current Australian Government Minister for Financial Services, now going to regulate the sub-sector within Financial Services. As everyone expected, tougher regulations make holders worried about the carry risk.
NOV stayed at a higher SP than expected 2day given the upcoming regulations.
ZIP SP down 90% peak to trough, starting to become a courageous sub-sector to be anywhere near. he mentioned the national consumer cried practises legislation and toughening it all up.
Holders must be glad the banking license never got anywhere. Stephen Jones is going to make those pipe-dreams a study in ancient history. Think of the burn?
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