Most of the countries/regions you are providing as examples as tyrannical instituted their lockdowns as a solution only AFTER the No Lockdown model failed which is exactly what we are seeing play out in Sydney. Even Melbourne only went full lockdown when things got out of control.
No-one likes lockdowns but pretending they haven't been effective in WA, Victoria and elsewhere is missing the point. Sydney is as anti-lockdown as any state in Australia and look at them now.
As for SCG as a paragon of investment virtue, I bought in the low 2s last year and (at the right price) simply regard them as a Real Estate proxy.
If you go back through my older posts I talk about the likelihood of a Sydney outbreak. I probably should have taken profits but selling within 12 months? After CGT is factored in it becomes a bit marginal.
Buy, page-112
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Last
$3.11 |
Change
-0.060(1.89%) |
Mkt cap ! $16.15B | |||
| Open | High | Low | Value | Volume |
| $3.09 | $3.11 | $3.07 | $42.92M | 13.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 635866 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 166192 | 4 |
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| SCG (ASX) Chart |