New government in Australia

22.5.22 The Australian Labour Party, and PM-elect Anthony Albanese, have won the Australian Federal Election but may not be a  majority government. How will the ASX react to the change of...

MARKETWEEK: Market refocuses on the back-yard.

  Some essential equipment for current circumstances 21.5.22 Warren Head Reason prevailed over over-reaction this past week as the New Zealand sharemarket refocussed onto home market events and...

Record FY22 for Ryman Healthcare

Ryman retirement village at Devonport 20.5.22 Ryman Healthcare has reported a record full year audited underlying profit of $255.0m, helped by a resilient performance through COVID and a strong...

Infratil produces record result

Sun Streams 2 solar project in Arizona   19.5.22 Infratil Ltd has announced a record net parent surplus of $1.17 billion for the year ended 31 March 2022 - the largest annual profit since...

Investore has strong year in large format

Large format retail has boosted Investore's valuation 18.5.22 The market for large format retail properties has remained strong during the last year and this has benefited Investore in the year...

What’s the ‘right amount’ of tightening?

17.5.22 Economic growth is set to slow both in New Zealand and around the world, as central banks come to terms with what’s needed to bring inflation under control, says Westpac in its quarterly...

ON THE DEATH OF BRIAN GAYNOR

  It is with profound sadness and a feeling of deep loss that The Headliner records the death earlier of the great stockmarket analyst Brian Gaynor after a short illness.   He was a great...

Manawa makes strong debut off FY22 result

Manawa CEO David Prentice 16.5.22 Manawa Energy (NZX:MNW), the electricity generator which has been renamed from Trustpower, has announced a strong financial result for the March 2022 year...

MARKETWEEK: When is a $10 trillion sell-off enough?

  Warren Head After a gut wrenching 18th week of crazy swings and roundabouts on Wall St, which has ripped out onto other international markets, is that enough? At what point do share prices...

Freightways takes a Covid & costs hit

Freightways CEO Mark Troughear Freightways has provided an update on activity during the period where operations were affected by Omicron (March and April of the current financial year). The update...

The Latest

New government in Australia

22.5.22 The Australian Labour Party, and PM-elect Anthony Albanese, have won the Australian Federal Election but may not be a  majority government. How will the ASX react to the change of government? The new Labour government will thus depend on the cross-benches,...

MARKETWEEK: Market refocuses on the back-yard.

  Some essential equipment for current circumstances 21.5.22 Warren Head Reason prevailed over over-reaction this past week as the New Zealand sharemarket refocussed onto home market events and let the turmoil on Wall Street take care of itself. In that sense the...

ASX closes on a positive note

20.5.22 The Australian sharemarket has finished the week on a positive note and nearly reversed yesterday’s losses, after lifting by 1.15 per cent or 81pts, to 7146. Gains were seen across the market today after nine of eleven sectors finished in positive territory,...

Market report 20.5.22

  A splash of fiscal stimulus in the 2022 Budget offset another soggy day on Wall Street, when the NZ sharemarket opened today. The Dow dropped 236.94 at 31,253.13 but the NZX50 closed off the week with a 60.46 points gain at 11,267.37. There were three companies...

Strong lift by My Food Bag 

20.5.22 My Food Bag the subscription-based meal kit and food solutions business, has seen an up-current in revenue and earnings in the March 2022 year. Revenue of $194 million is up $7.6 million on Prospective Financial Information (PFI) and up $3.3 million on FY21....

Oceania Healthcare books gain

Ocdeania retirement village Waterford 20.5.22   Oceania Healthcare has announced unaudited Underlying EBITDA of $76.2m for the year ended 31 March 2022, a 16.2% ($10.6m) increase on FY21. Revenue stood at $231.14 million and net profit is $61.13m. Oceania CEO...

Record FY22 for Ryman Healthcare

Ryman retirement village at Devonport 20.5.22 Ryman Healthcare has reported a record full year audited underlying profit of $255.0m, helped by a resilient performance through COVID and a strong recovery in Victoria. Audited reported (IFRS) profit, which includes...

Weakness in US dollar

20.5.22 Growth fears for the US economy have resulted in notable weakness in the US dollar, comments BNZ Markets. US rates have pushed lower, led by the short-end of the curve, as traders pare bare monetary policy tightening expectations a little, notes Jason Wong,...

Market report 19.5.22

  It only takes a few hours to erase euphoria and instal fear these days on Wall Street. Major US ports are readying for a surge in consumer imports for the summer shopping season but the rising costs of freight and fuel are trimming retail margins. When the...

Books in shape but funding front-loaded

19.5.22 Budget 2022 shows that the Government’s books remain in good shape, comments Westpac. “Also as anticipated, the Government has found room for targeted temporary social assistance, namely via a ‘cost of living’ package,” says chief economist Michael Gordon “The...

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