by Warren Head | Jan 22, 2024 | Broker Comment
22.1.24 The global surge in ocean and air freight rates continues to swell as the secureity crisis in the Red Sea drags on this week. The performance of Mainfreight's (MFT) Air and Ocean (A&O) operations have been on a roller-coaster over the past few years,...
by Warren Head | Apr 4, 2023 | Broker Comment
4.4.23 Wealth managers Jarden were fairly happy with the performance of their NZ Model Portfolio over the month of March, as it delivered a total return of 26bps which outperformed the S&P/NZX50 by 34bps. Key contributors were the firm’s underweight in a2 Milk and...
by Warren Head | Mar 24, 2023 | Broker Comment
24.3.23 The surprisingly deep dive in 1H23 net profit by The Warehouse has brought forth both a lot of media comment and market downgrades. Slowing consumer activity and operating leverage drove a meaningful fall in earnings, commented Jarden analyst Guy Hooper this...
by Warren Head | Feb 12, 2023 | Broker Comment, Companies, Featured
Sunday 12.3.23 11.23 pm Warren Head The half-year earnings season kicks off over this week with a small flurry of interesting companies first off the grid. At the same time, it appears to have become customary for NZX listed issuers to amend guidance according to the...
by Warren Head | Feb 10, 2023 | Broker Comment
10.2.23 Mainfreight’s update to the market yesterday has disappointed sharebroking analysts, who were watching out for evidence of the economic slowdown in several countries affecting trading. Mainfreight delivered a soft trading update for the 43 weeks to the end of...
by Warren Head | Feb 7, 2023 | Broker Comment
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....
