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Speaker 1: Shane Solis here Harbor Asset Management.

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Speaker 2: Shane good evening, Good a Ryan, how you are?

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Speaker 1: Yeah, very good? Thank you? Does these stronger data we

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Speaker 1: got out today? This is the retail sales data up

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Speaker 1: point nine percent for the December quarter. Is that a

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Speaker 1: good Obviously it's a good sign. But is it good enough?

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Speaker 2: Yeah?

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Speaker 3: Look at face for you. It actually suggest it a

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Speaker 3: little bit of upside for the New Zion economy. Retail

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Speaker 3: sales quite sensitive to interest rates, so a bit of

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Speaker 3: a lead for the economy.

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Speaker 2: But we've got to be careful when we break it down.

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Speaker 3: Some of this might be about retailers actually doing a

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Speaker 3: bit of discount and cunning some prices to get stock out.

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Speaker 3: And certainly it's alway some of the more sensitive pieces

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Speaker 3: the recreational goods, electronics, department stores. These are real sensitive

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Speaker 3: to confidence and pricing bearer up and accommodation of food

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Speaker 3: and beverages up. Maybe that's about tourism, so a little

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Speaker 3: bit early, but you know, certainly it's helpful.

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Speaker 2: It's just worried that it soon we bounce along the bottom.

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Speaker 1: How bad is the Spark situation?

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Speaker 3: Yeah, look, we have to see the company come out

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Speaker 3: with a strategy that really as convincing investors that they

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Speaker 3: are found the bottom, that they're turning around.

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Speaker 2: A little bit cyclical. It is about the economy.

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Speaker 3: They are sensitive to you and I and our decisions

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Speaker 3: to spend and what's happening with some of the government changes.

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Speaker 2: But a little bit it's about what the company is doing.

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Speaker 3: Is that we are looking forward to seeing a better

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Speaker 3: strategy coming from the management team. There's an opportunity with

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Speaker 3: data centers. But yeah, it's really about the company turning

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Speaker 3: things around.

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Speaker 1: The retirement village operated. This is rhyme and healthcare. So

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Speaker 1: they've announced this billion dollar capital rights trying to get

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Speaker 1: rid of some debt.

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Speaker 2: Yeah, they're raising a billion dollars.

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Speaker 3: Very much about getting debt level point where they can

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Speaker 3: deal with a slower period of sales.

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Speaker 2: It's harder for them to sell their retirement units.

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Speaker 3: In the board and management set up, we need to

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Speaker 3: take the balance sheet risk away, reset the business transformer.

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Speaker 3: I think you really importantly it's a big goalp for

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Speaker 3: investors to digest. It has knocked the market around today.

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Speaker 3: We're seeing the New zeal market down one point on

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Speaker 3: the back of this announcement and a couple of soft

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Speaker 3: results from Chorus the cable communications provider and see you

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Speaker 3: on Tube. But really for residents of Rayman, this should

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Speaker 3: be seen as being a positive that does allow Ryman

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Speaker 3: to complete some of the developments that currently underway and

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Speaker 3: continue to provide the service levels that residents expect. But yeah,

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Speaker 3: a big hit on the day for the market.

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Speaker 1: Yeah, absolutely sounds like its Shane, Thanks so much for that, Shane,

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Speaker 1: Soally Harbor Asset Management with us on News Talk.

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Speaker 2: For more from Heather Duplessy Allen Drive.

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