Bought a small parcel (80k units) this morning at 6.5c. This should be enough for now.
Honestly - if anyone is looking for a reopening trade, Dw8 is it. I would much rather park my money here than an airline/retail/utilities type of play.
Winedepots post yesterday which showed just a small snippet of some of the restaurants which have signed up to MARKET is a clear sign of what’s to come. I have come to the conclusion that the hospitality industry in Sydney alone when things reopen is going to be huge. I’ve tried booking dinners and most good city restaurants are booked out till year end/2022. I.e. good luck getting to Cafe Sydney at a decent weekend time in the next few months.
Consumers are cashed up and ready to spend. Australians love their wine.
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