I’m with you.
I pulled out the last of my holdings this morning and put it on $NOX, giving me relief with a nice gain already.
I have visited a number of Coles stores over the last 4 months and, having secretly marked the units, I found very little movement and, equally poor, consistently inadequate replenishment. This is either because of shrinkage (theft), so their system thinks the stock is still on the shelf (which indicates an issue with Coles’ stock counting process), or ongoing supply issues.
Knowing the risk with MOUs, especially with China, with little recourse if the nice large figures are not hit, plus very poor updating regarding the product innovation (teas), plus what I am personally witnessing in these 6 Qld Coles stores (near their own Head Office, I might add, so they should be out seeing this themselves as we have no Covid restrictions) means the fire danger risk has gone up.
Hope for your sakes that you get something in the States, but unless the gaps mean they are diverting supply from Coles (which risks them being dropped as a unreliable supplier), I fail to see how they could maintain increased demand in Coles, China and the States concurrently. So I am out. All the best. May see you again one day if things change.
On a positive, stocks tend to rise after I leave, so you are welcome Rob
all imo. Dyor.
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