Lockdowns might be good for SCG if you think about it.
It decimates the competition, placing them into liquidation and insolvency. Companies like Woolworths, Coles, Aldi might be prepared to pay more rent to be in Westfields, same with Wesfarmers, Kmart, Target, Harvey Norman, David Jones as there is a flight to quality.
SCG could become a category killer. VCN is a bit of a rump or a one Chadstone Pony.
Allen has been very quiet and his faith in the Berejiklian and Morrison Governments does not on the face of it have been disturbed.
The AJN editorial line is supporting of Westfield AUstralia, lockdowns, and mildly critical of Gladys for other reasons. Section 20D of the RDA, in fact it only seems critical of Gladys lockdown since jewellers and non essential retail was stopped, but that will come back as absence makes the heart grow fonder.
I think SCG could be a major recipient of lockdowns and move back above $4 very quickly as confidence returns.
Buy, page-97
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Last
$3.34 |
Change
0.060(1.83%) |
Mkt cap ! $17.35B | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.34 | $3.30 | $31.25M | 9.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 186388 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.34 | 93821 | 3 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| SCG (ASX) Chart |