Thumbs up for take-off

7.2.23 Air New Zealand got the thumbs up from Jarden today, analyst Andrew Steele expecting the airline’s strong price bubble to run on for a few months, and locking in its first div since Covid, plus the possibility of a special div. AIR was upgraded to Overweight....

Warehouse Group shares downgraded

16.1.23 Shares in The Warehouse Group have been downgraded by a leading brokerage following softer sales during the summer season up to Christmas. Sales momentum turned meaningfully negative over the holiday period with group sales falling -5.5% vs pcp through to 26...

Broker downgrades Scales Corporation

12.12.22 A cautious trading outlook and higher level of uncertainty regarding the year end result by apple exporter Scales Corporation has led to a downgrade from sharebroker Jarden & Co. The uncertainty is due to the unprecedented delay in finalising the apple...

Eye on Woodside’s Investor Day

29.11.22 Woodside Energy’s upcoming Investor Briefing (1.12.22) is expected to provide a lot of information including on its expanded portfolio. Jarden analyst Nik Burns notes “We expect a lot of focus on growth priorities within the expanded portfolio, portfolio...

Jarden gives KPT positive nod

29.11.22 Kiwi Property Group’s stronger-than-expected 1H result with AFFO $65.2m has led to Jarden’s Arie Dekker reiterating an Overweight rating on the stock. Jarden had an earlier estimate of $56.0m. Yesterday, Kiwi Property reported net rental income rose 6.3% to a...
Catalysts for listed property

Catalysts for listed property

Highbrook - 2.9.22 Listed property forms a very strong part of the NZX listed universe and investors likely see the segment as defensive in times of turmoil. Some new analysis on the segment has emerged from sharebrokers Jarden this week. The firm has launched Jarden...