The punter playing with "frightened" money does not know where to turn.
Property values over the last few years had created a "millionaire" mentality irrespective of the mortgage or negatively geared properties some held. Investments in housing on interest only loans are now being called in. There are many who have been living in a "fake" financial bubble. Debt. Fear factor.
The Labour party and the unionists want to take from the "top end of town"as they call it and distribute the money to whoever they choose, whenever they choose. Small and medium business enterprises will now consider their options. Security of employment will become an issue. Fear factor
The only thing they forgot is that eventually the "top end of town"who create the business's that provide the employment that give people wages and money will stop creating business's and employing people.
Then who pays.
Now a reality check is on the way. Banks are calling in interest only loans on housing investments and refinancing is becoming an issue for those caught in this trap. Selling property quickly for the inflated price expected is now becoming another issue. Fear factor
Money in the bank is not an option, as there is minimal interest rate and the banks management is currently on the nose. Fear factor
If Labour win the election operating a medium size business becomes another unknown issue. The wages demands and conditions will push those with innovative ideas to look towards technologies to solve the issues for an effective business plan. This shift will effect the economy because consumers will not have money to spend. They wont have a job. Fear factor.
So in families you have both parties working, you have kids being put into daycare, you have massive mortgages on a house, credit card debt and all the costs that go with this territory. Now the question is being asked - what happens if the political landscape shifts, business loses interest to invest, interest rates increase and one party loses his or her job. Fear factor
Most of the selling of late in the stock market has been relatively minimal within those companies that have a sound business plan. BOT in my opinion has a sound business plan. It has clearly outlined its timetables and is funded to achieve the nominated milestones which will lead to interest from the commercial markets. It will take time but the savy investor whose entry point was well timed will sit and wait. For those with fear - they will sell to those with cash.
Just an opinion
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Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $707.4M |
Open | High | Low | Value | Volume |
36.0¢ | 37.0¢ | 33.5¢ | $2.103M | 6.050M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32406 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 234417 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 423267 | 0.105 |
23 | 1189777 | 0.100 |
1 | 10111 | 0.099 |
1 | 50000 | 0.098 |
1 | 50000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 555657 | 10 |
0.115 | 560304 | 6 |
0.120 | 829451 | 14 |
0.125 | 1083838 | 12 |
0.130 | 498290 | 12 |
Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
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