RE: buy buy buy7 Apr 2022 11:03
You weren't wrong Paddyboy1. Dive, dive, dive!
I very much agree with your 'pump & dump' comment and also that the recent Radcliffe purchase is insignificant, especially when considered against his much larger December purchase, which did nothing to steady the share price.
However, I don't agree with your view that "this is the first type of spend that gets pulled in recession time". The property market is strong and house buyers seem to have sufficient liquidity (thanks to still cheap loans) to pay higher and higher house prices. In that context the cost of a bathroom is insignificant and past history shows that when a property changes hands there is strong motivation to do up bathrooms, whether by the seller or the buyer. There is of course an impending cost of living crisis but, In my opinion, it will be holidays and other large discretionary purchases that will take the hit. Not bathrooms.
I believe VIC will come good in the end.