Some reasons ....
1) Summer in Australia. Great place to enjoy free aircon, especially in southern/eastern malls.
2) Covid declining, confidence increasing, during school holidays.
3) Australia day shopping. Perhaps - bit of a speculation on my part here!
4) foot traffic - it is bloody busy in all Westfields, compared to 6 months ago when many units were boarded up, it feels much more like 'normal' now, at least based on personal experience around Sydney, where Westfield are even letting space on open floor areas, as most shop units are fully let.
5) 2021 - lots of funds have new investment money allocations. SCG will perform better than term deposits in banks.
6) Global disruption and uncertainty easing (US elections, Brexit ....done) slightly countered by awful Covid situation in Europe and US, plus China taking a more assertive position on some fronts.
7) ...most important of all .....the dividend is coming back real soon....so is forward guidance. I am not one for starting "$X party" threads .....but we will see $4 soon enough.
All up, plenty of reasons to be cheerful.
Please enjoy your Australia Day holiday, whatever it means to you, I think this time we have reason to be very proud our nation. Many other spots in the world are suffering terribly.
We are very lucky.
Some reasons .... 1) Summer in Australia. Great place to enjoy...
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Last
$3.50 |
Change
0.020(0.57%) |
Mkt cap ! $18.20B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.53 | $3.48 | $24.95M | 7.117M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 44904 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.51 | 20311 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SCG (ASX) Chart |