STI stocks

$8 FOR $10 VOUCHERS: WHY IT IS NO LONGER ATTRACTIVE?

Dear readers, as a member of a particular club, I am entitled to purchase vouchers at prices below the voucher value from time to time.

For example, I can pay $8 to purchase vouchers of a total $10 value and this to me has always been a good deal until recently.

Why is this so? Well, while a 20% discount is good deal and savings for me, the fact is that the merchant for the voucher has been increasing prices, amidst inflation.

Hence the actual discount, by virtue of the cost of the $10 vouchers still being pegged at $8 over a long time now is really smaller than 20%.

Or to put in layman term, what I can purchase from the merchant at $10 is much lesser than what I could purchase previously.

Hence it is no wonder that I notice the application for the voucher has seen lower demand.

The club should offer a higher value for the vouchers given aforementioned effects of inflation, what about $6 for $10 vouchers?

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