MARKETWEEK: Equities investors focus on interims

25.11.23   //                                                                                                                  Warren Head The cometh of the Black Friday Troika failed to launch...

MARKETWEEK: Country, economy, markets, stuck on the grid

  //                          Warren Head ///                         The protracted progress to formation of a coalition government has become annoying to the business and investment community...

Soft opening quarter for Warehouse

14.11.23 The Warehouse Group has today provided a rather disappointing trading update for the 13 weeks ending 29 October (“1Q24”) that underscores a retail sector treading water. The group reported...

MARKETWEEK:  Situation stocks are showing hidden value

  ////    Warren Head  // 12.11.23 There’s life in the New Zealand sharemarket even if it’s not as we once knew it. While the politicking around the structure of the some-time-soon-so...

MARKETWEEK: Upbeat sentiment on Wall Street and Symonds

Auckland Business Chamber , 90 Symonds Street.   4.11.23 // //    Warren Head The gold medal for this week – brace yourself – goes to Wall Street for the Eureka moment when it stopped punishing...

MARKETPLACE: Cloud of uncertainty is persisting

  29.10.23 Warren Head The New Zealand market will open tomorrow in despair around the arcane vagaries of electoral law and rugby rules. Since the election the market has used the unknown...

MARKETWEEK:    Messy MMP outcome and higher rates nag market

//   21.10.23 //   Warren Head The sharemarket has not behaved in the way that was expected following a win by the National party in last weekend’s election. Investors intensely dislike uncertainty...

MARKETWEEK:    Market focus is on the Beehive

  7.10.23 Warren Head Just a week away from the General Election of 2023 – and the prospects for a workable coalition suddenly at risk – uncertainty hangs over the financial markets. National...

MARKETWEEK:  Stability back after a tortuous month

  30.9.23 //  Warren Head Better economic and business data has helped to stabilise trading on the New Zealand sharemarket although rising investment interest rates continue to tempt investors...

Cracking rebound by Hallenstein Glasson

The Australasian women’s apparel and menswear group Hallenstein Glasson has reported a resounding rebound in its FY23 result to August 1 across New Zealand and Australian store networks. Group sales...

The Latest

Genesis outlines $1.1bn energy plan

30.11.23 Genesis Energy intends to use profits from the Kupe gas field to support a $1.1 billion programme to build new renewable generation and grid scale battery storage between now and 2030. As part of a strategy reset, Gen35, investment will be made into solar,...

KIwi dollar reverses after spike

Aided by a stronger USD overnight, the NZ dollar has reversed yesterday’s post-MPS rally, after the RBNZ’s surprising forecast update which showed an increased chance of tighter policy and a higher-for-longer rate track, notes BNZ Markets. NZD/USD is trading back...

Out-performance by Blackpearl

29.11.23 Blackpearl Group's financial performance since listing on NZX has been notable, with first half of FY24 subscription revenue reaching $1.5 million – a 163% increase. And Annual recurring Revenue, ARR, soaring to $4.6 million — a 221% year-on-year increase....

No change to OCR but hawkish tone

The RBNZ left the OCR at 5.5% as expected but was more hawkish on future prospects. The RBNZ's projections signal the risk of further increases in the OCR in 2024. An easing cycle looks quite some time off., says Westpac chief economist Kelly Eckhold. The RBNZ’s...

NZ Market Report 29.11.23

  Several heavyweight stocks climbed on the NZ sharemarket today as the Reserve Bank released a no-change decision on the Official Cash Rate (though hedging its opinions on what early New Year might bring and increased resignation to an extended period of current...

Soft NZ market for Metro Glass

29.11.23   Metro Performance Glass delivered earnings result in line with August guidance supported by solid profitability in Australia. Residential construction sector softness impacted the New Zealand business.  New Zealand revenue declined 13% year on year to...

Cash-tight TradeWindow lifts recurring revenue

29.11.23 TradeWindow the trade software business has moved forward on a re-organisation to save costs and cash though its interim financial results show global trade dynamics continuing to support revenue growth. The company has reduced FTEs by approximately 40% to 48...

ikeGPS pushed off the pace

29.11.23 The opening half year of FY24 was a mixed period at ike GPS with transaction revenue falling 60% to $3.7m. Subscription revenue however, rose 24% to $5.1m. The revenue mix resulted in gross margin for 1H24 of $6.2m, -24% vs pcp, and a net loss of -$6.9m vs a...

Ryman reports a low growth year

  29.11.23 The rigours of the retirement sector were felt by one of the market leaders Ryman Healthcare in the September year and have resulted in a lower profit and a slight revaluation of investment properties.’ Ryman has reported IFRS profit of $186.7 million,...

 Geneva Finance costs bubble

Geneva Finance increased revenue by a solid 29% or $6.8m to $30.6m in the September half year, but after profit was lower on the pcp. The unaudited financial result for the period was a profit of $1.8m, down $0.8m (30.8%) Pre-tax profit of $2.5m was down $0.8m...

Market Trends

Overseas Sharemarkets

Videos

Weekly economy and markets round-up from Westpac Chief Economist Kelly Eckhold

Markets

NYSE-Nasdaq Markets