Peak throughput for Channel
16.1.26 Channel Infrastructure NZ’s fuel throughput for the December quarter was the highest since import terminal operations began in 2022 Approximately 50% of Channel’s contracted revenue is fixed/capacity-based fees, with the remainder calculated in relation to fuel throughput Total fuel throughput for the quarter was 945 million litres, a 3.9% increase on 4Q24 a This was also the highest jet throughput quarter for Channel since 1Q19 with the full year throughput volume broadly in line with...
Headliner NZX Market Report 15.1.26
A soggy day across the country was replicated on NZX, with the NZX50 index slipping 97.92 points to 13,659.79. Several leading stocks backtracked today with large scale asset owner Infratil carving off 41c to drop 3.53% at $11.19. Summerset came back 32c to $12.28, a fall of 2.6%, while Ryman Healthcare was two cents lower at $2.47 after a steady sales report. Ryman Healthcare reports 375 sales of retirement living occupation right agreements (ORAs) for 3Q26, including 101 new sales and...
Broad growth for AFT Pharma
15.1.26 AFT Pharmaceutical are seeing broad-based growth across operations, and are putting additional projects in place to support our drive towards the FY 7 $300 million revenue target. “We also reiterate that we remain on track to deliver FY 26 operating earnings of $20 million to $24 million,” said managing director Dr Hartley Atkinson. AFT reported on advances in strategic initiatives to extend its decades-long growth record. In the three months to the end of December 2025 AFT has...
Update from Ryman Healthcare
Ryman Healthcare reports 375 sales of retirement living occupation right agreements (ORAs) for 3Q26, including 101 new sales and 274 resales. But sales were broadly flat on Q2 with a shift in mix across product types. “:As expected, new sales of independent living units eased following the opening of Nellie Melba Stage 4 in the prior quarter, while new sales of serviced apartments were strong across New Zealand and Australia.,” CEO Naomi James said. “Resales were steady overall reflecting...
Improved momentum
15.1.26 2 Cheap Cars Group (2CC) has delivered an improved trading performance through the latter part of the third quarter and into the early fourth quarter of FY26. This has been underpinned by better vehicle margins and robust finance and insurance (F&I) penetration rates, reflecting the group’s continued focus on operational excellence and customer value, the company told NZX. “The recent Government adjustments to carbon credit rates under the Clean Car Standard are further...
Headliner NZX Market Report 14.1.26
The NZ sharemarket responded positively to further economic news today.’ The list of gainers contained some solid advances, headed by heavyweights rushing upwards. Mainfreight out-manoeuvred the field with a 77c thrust to $69.57 but the $70 threshold remained elusive for now. F&P Healthcare gained 59c to $39.49, edging closer to the $40 mark. Infratil regained some energy in rising 31c to $11.60 after profit-taking clipped the share price last week. A2 Milk gained 21c to $10.85. Contact...
Employment confidence has small lift
Employment confidence rose by 3.9 points to 93.8 in the December quarter, according to the Westpac-McDermott Miller Employment Confidence Index “Jobs are still seen as hard to come by, but current readings are consistent with a peak in the unemployment rate,” commented Westpac senior economist Michael Gordon. The Westpac-McDermott Miller Employment Confidence Index rose by 3.9 points to 93.8 in the December quarter. “This is the highest reading since early 2024, though it remains in subdued...
Headliner NZX Market Report 13.1.26
A pronounced positive shift in general business confidence that emerged from the latest NZIER business opinion survey was unable to spill over into NZX trading today. Business sentiment rose to +39% in December, from +17% in September – the highest reading since March 2014. Firms’ own activity was a net -3% in December, up from -15% in September quarter. “While this was still a little below the long-run average, it was the highest reading since September 2022,” said Michael Gordon,...
Ongoing margin pressure, says Fletcher
13.1.26 Fletcher Building’s quarterly update of key product sales volumes for the second quarter of FY26 shows modest improvement compared with 1Q25. Andrew Reding, managing director and CEO notes “some encouraging signs emerging across the portfolio. “That said, these gains are yet to be sustained and, on their own, are not enough to offset the impact of the earlier declines. “Trading conditions remain competitive, with ongoing margin pressure and compression continuing to be seen in many...
Rakon gets attention from California
WARREN HEAD A potential takeover offer being considered by a Californian family office for NZX listed electronics group Rakon Ltd is not yet a formal bid but it certainly lit up the high tech company’s share price today. Shares in Rakon soared 51.15 or 46c to trade at $1.36 with total trade over a million dollars in value. It is two years to the month since an unidentified party waved an NBIO before Rakon at around $1.70 but that process fizzled out. The proposed consideration would be...
