The Reserve Bank of Australia (RBA) has raised the interest ...
The Reserve Bank of Australia (RBA) has raised the interest rate 13 times in the past 18 months, up to November 2023, and now, coupled with those skyrocketing inflationary expectations, it's starting to show its bite! It's like a monster wave crashing down on companies that rely on discretionary spending.
And when they miss their targets due to the economic slowdown and rising cost of living, the share market is quick to give them a harsh reality check.
Take KMD Brands ( $KMD Brands Ltd (KMD.AU)$ ), the parent company of Kathmandu and Rip Curl, for instance. They've seen their share price plummet 67% from 0.97 to just 0.32 in the last year.
Take KMD Brands ( $KMD Brands Ltd (KMD.AU)$ ), the parent company of Kathmandu and Rip Curl, for instance. They've seen their share price plummet 67% from 0.97 to just 0.32 in the last year.
And Cettire ( $Cettire Ltd (CTT.AU)$ ), that sleek online luxury fashion retailer? They've suffered a whopping 77% drop, sliding from 4.83to1.10 in just four months. It's like a fashion nightmare, but for investors, not fashionistas!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
