And today NCK and ADH provide yet further updates of the...

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madamswer

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19/06/20

14:47

Post #: 45328194
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Originally posted by madamswer ↑

"Is it possible that some of the recent buying activity is specifically related to the recent index rebalancing? "

Who knows why people buy and other people sell at any given points in time?

I think its a bit futile to spend much time thinking about these sorts of things, because you'll very seldom know for sure.

But I think that, on the rare occasion, one might be able to form a reasonable view of what is driving share price performance.

And in this case, I believe it is because of recent updates emanating from a number of consumer-facing companies (BAP, CAR, JBH, SUL, WES, BLX yesterday, SSG today), which show that the consumer has not remained rolled up into a ball as the economy emerges from the Covid shutdown, but has rebounded with some vigour.

And in TRS's case, there is the added dimension of self-help in terms of the scope for new management turning around a business which has been chronically-underperforming for several years.

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And today NCK and ADH provide yet further updates of the Australian consumer spending like there's no tomorrow.

Who would have thunk that?

One would have thought all the economic uncertainty might have caused people to behave in a fiscally conservative manner.

But no, its a Spend-a-thon Extraordinaire.

.

TRS Price at posting: $7.74 Sentiment: Hold Disclosure: Held
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And today NCK and ADH provide yet further updates of the...

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