Grüezi Index Investor,
Yes indeed Sundays here , CH is on lock down.
With the exception of resturants.
Starting up the lawn mower is frowned upon on a Sunday & if the neighbour complains
the police will show up & fine the perpetrator would you believe..
We also go to Austria for wellness regularly as it is better , quality , price & the whole guest experience.
Well worth the 3.5 hour drive from the Zurich area where we live.
Otherwise on topic of ACF , it was brought to my attention from a small cap guy I know in Melb.
Am also down circa 20% but still nibble from time to time as the upside far exceeds the downside.
My main reason for accumulating this is sooner rather than later the Fed & State Govts
in Aus will need to push the button on the approved Infrastructure projects to keep
the eco engine running.
The 2 industries Aust which have kept the country recession free the past 40 yrs or so are Mining & Residential Housing..Both are looking a little shaky right now.
Really how much longer can coal hold up as the main export earner.
Its shocking for the environment.
China is electrifying & going hard on Nuclear expansion.
Residential housing in the cap cities in Australia is off the charts in terms of affordability.
My house here in CH is maybe 10% more in value over past 20 yrs..just maintenance Capex.
So bring on the infrastructure projects in Aus & should little ACF win a small piece of that large
capital spend the dividends will support more wellness in Austria.
Best,
SG.
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2 | 48000 | 1.045 |
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3 | 7591 | 1.020 |
Price($) | Vol. | No. |
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1.085 | 234 | 1 |
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