You guys are basically saying no matter what happens to interest rates or inflation, TCL is as good as gold correct?
Not sure where you’ve read that?
What I have been saying for quite some time on these threads is that, from a fair value perspective and for a given level of traffic volumes, TCL’s main sensitivity is to real (i.e. inflation-adjusted) long-term government bond yields.
You can find a more in-depth explanation of that here: https://hotcopper.com.au/posts/26462094/single
Therefore, talking about the impact of nominal (i.e. inflation-unadjusted) rates or of inflation, in isolation, misses the point.
On the other hand, arguing the existence of a correlation between inflation and traffic volumes could be a meaningful and interesting topic of debate, provided one has the hard data to back that argument.
I have personally found no historical evidence that a higher rate of CPI inflation is conducive to lower traffic volumes (and even conceptually I don’t find that argument convincing), but, if you (or anyone else) have numbers that unequivocally point in that direction, I am happy to be proven wrong.
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You guys are basically saying no matter what happens to interest...
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Last
$13.32 |
Change
0.150(1.14%) |
Mkt cap ! $41.18B |
Open | High | Low | Value | Volume |
$13.25 | $13.37 | $13.21 | $82.86M | 6.223M |
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No. | Vol. | Price($) |
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1 | 38 | $13.18 |
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Price($) | Vol. | No. |
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$13.39 | 1000 | 1 |
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No. | Vol. | Price($) |
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1 | 38 | 13.180 |
1 | 75 | 13.170 |
1 | 39 | 13.150 |
1 | 1 | 13.120 |
1 | 953 | 13.110 |
Price($) | Vol. | No. |
---|---|---|
13.390 | 1000 | 1 |
13.400 | 5069 | 3 |
13.430 | 2545 | 1 |
13.450 | 5112 | 2 |
13.460 | 742 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$13.31 |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 29/03/2024 ? |
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