I do agree with a lot of what you have said but I do not think we are returning to Great Depression or GFC scenarios. There is still a lot of pentup funds unspent. It might be that they are in the wrong demographic to alleviate the problem but I believe that it will mitigate it to some extent. The boomers in particular (ie the Bank of Mum & Dad or even Grandma & Grandpa BMD) are still holding a lot of uncommitted money. If you check with brokers you would find that there are quite a lot of loans propped up by BMD during refinance. If that is milked as well then I would be more inclined to consider the possibilities which you set out. During the GFC which was a quite different cause but with similar effects the severity of the downturn from a market point of view was more than 50% corrected between 27th Feb 2009 when the ASX was 3296 and 31st Dec 2009 when it was 4882. Like it did not flatline for 2-3 years. I think the current still bouyant housing market and the lack of supply together with the industry inability to provide that supply will continue to keep prices above any rock-bottom scenarios we might see predicted. Outside of that I think we are on the same page - particularly regarding TWD resilience.
- Forums
- ASX - By Stock
- TWD
- Ann: Annual Report to shareholders
Ann: Annual Report to shareholders, page-7
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TWD (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.45 |
Change
0.000(0.00%) |
Mkt cap ! $92.30M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $2.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 71 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 2.470 |
1 | 462 | 2.450 |
1 | 5000 | 2.400 |
1 | 1260 | 2.380 |
1 | 1276 | 2.350 |
Price($) | Vol. | No. |
---|---|---|
2.500 | 71 | 1 |
2.580 | 462 | 1 |
2.990 | 3376 | 1 |
3.100 | 767 | 1 |
3.120 | 3250 | 1 |
Last trade - 16.12pm 21/06/2024 (20 minute delay) ? |
Featured News
TWD (ASX) Chart |
Day chart unavailable
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online