You will learn:
● Investing for Beginners NZ (Funds, Stock Market, Property)
● Why NTA (Net Tangible Assets) is Misleading – NZX Stocks
● Infratil (IFT) Company Review & Outlook - June 2020
● Auckland Property Prices: Largest Annual Rise in May 2020
● Top 10 Rises & Falls Over the Last 7 Days
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You will learn how to set aside money while you are busy with life and have that money work for you. This strategy applies no matter your age or how small your salary.
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Due to COVID-19 restrictions, the majority of assets (plant, equipment, property etc) may not being utilised. In the future, will it be deployed to the extent that it was previously? How could it affect the stock price?
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The webinar reviews Infratil with Tim Brown who is currently Chairman of partly owned Wellington Airport. You will learn how Infratil portfolio companies are navigating the challenges that come with COVID-19.
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Multiple economists predicted that NZ property prices to fall by 5-10% but these forward-looking numbers are not supporting that.
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Top 10 Rises & Falls Over the Last 7 Days
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Utility software developer Gentrack sank 6.25%. Today, executive chairman John Clifford announced he would resign due to health issues. Also, Gentrack would be relegated out of the NZX 50 with Napier Port taking its place. Napier Port shares went up 10.48%
Augusta Capital surged 30.66% after ASX-listed Centuria Capital made another bid to acquire Augusta, this time at $1 a share in cash and scrip. The initiative was promising despite the offer being half what it was before the pandemic. While it is not the $2 a share that was bid pre-covid, things have changed.
Air NZ dropped 6.79% after it forecast an underlying loss of up to $120 million in the June year, down from a $374 million profit in 2019. That was before more than half a billion dollars of one-off costs. Some retail investors realised that the government loan could convert to equity in which case your ownership dilutes very close to zero.
Research analysts at Jarden today downgraded the airline to 'underperform' and set a target price of 85 cents. A note to clients said that without a capital injection the airline would have to begin using the government’s $900 million loan in financial year 2021.
Pacific Edge surged 130.77% after the bladder cancer specialist said one of the largest non-profit healthcare providers in the US has accepted its Cxbladder tests for use by its urologists. Kaiser Permanente has more than 12 million members and its acceptance of the testing regime is an important breakthrough for the company’s entry to the US market.
Tourism Holdings shed 14.29% after the news that new covid-19 cases had been found in New Zealand.
Pushpay rose 14.4% after it increased its profit guidance by US$2 million. A lot of brokers had increased their target prices on the stock.
Turners jumped 12.77% it declared a final dividend of 6 cents. The company reported an 1% improvement in underlying profit driven largely by solid performances across its finance and credit management businesses.
Eroad rose 11.9% after reporting a 32% lift in annual revenue. The company said it expects slower growth in recessionary conditions through the 2021 financial year.
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➔ Radio NZ: What's the Real Problem With NZ Rental Market and Is it Fixable? Herald reporter Kirsty Johnston has been looking into the divide between landlords and renters as the property market takes a dip and rents continue to rise.
➔ Reddit: Millennium & Copthorne Hotels NZ Ltd (MCK - NZX) could be overlooked due to the company name (people think hotels, when that generates less than half of its profits).
➔ Radio NZ: Business commentator Rod Oram talks about the strong recovery in stock markets around the world, despite the greatest contraction in economies since the Great Depression 80 years ago. And Centuria returns with another takeover bid for Augusta Capital.
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Hi, I'm Maxim, the human behind this newsletter.
I research and interview economists, profitable companies to find tools & tactics that you can use to achieve financial freedom and enjoy high-quality experiences!
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Connect with me and follow Auckland property tips & NZX stock market insights on your favourite social media:
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