Credit Rating: BBB- Investment Grade First Call Date: Oct 8 2017 Gross Yield if Called: 8.65%p.a. Rabobank is a brand well known to most New Zealanders. The Dutch banking cooperative has developed a presence in New Zealand, particularly in the rural sector. The relative safety of Rabobank is why we are happy to hold some of their resettable securities in our fixed interest portfolios. Although they are complex securities, the relative safety of Rabobank, and the potential return over the...

Sky Network Television’s proposed acquisition of Vodafone New Zealand is an admission that structural pressures on its pay-TV model are too great for the firm to handle solo. It has instead opted to go down the convergence path and acquire a telecom entity: one that is the leading mobile operator but in a country that Vodafone’s parent appears to view as a mature, marginal market. The acquisition multiple of 7.1 times Vodafone NZ’s fiscal 2017 EBITDA is reasonable, especially as...

On the 23rd of June 2016, Britain will vote on whether to stay within the European Union (EU). What does it all mean? What does it mean for Europe, the UK and the World? What does it mean for your portfolio? Firstly, what is “Brexit”? What is it? Brexit is an abbreviation of "British exit" that mirrors the term Grexit. It refers to the possibility that Britain will withdraw from the European Union. The country will hold an in-out referendum...

Market Talk - NBR's Jason Wells & Andrew Patterson with HHG's Jeremy Sullivan

Tom McBride of Hamilton Hindin Greene and NBR news editor Duncan Bridgeman look at the week on the markets including their take on Air New Zealand, Steel & Tube, Tegel and The NZ Superannuation Fund’s sell down of Z Energy.

The UK’s Department for Work and Pensions (DWP) has launched a new pension tracing website to help savers track down lost or forgotten retirement pots. The DWP estimates that around £400m of unclaimed pension savings are waiting to be claimed. Users will need the name of an employer or provider to access the service, which will then search a database of 320,000 pension scheme administrators and come up with contact details for people to use. The department believes that recent reforms...

Grant Davies, Investment Adviser at Hamilton Hindin Greene and NBR’s Duncan Bridgeman talk to Sunday Business with Andrew Patterson. Grant Davies discusses the upcoming Tegel Initial Public Offering, US coroprate earnings and whether the market is in a bubble, as well as the new direction of Infratil Limited in light of their recent $US30 million deal with US-based Wrightspeed to enable it to transition its buses to electric technology.

The table above shows the impact of dividends on the NZX50 gross index over the past ten years. The green line representing the oft-reported NZX50 index, and the blue line representing the NZX50 Capital Index which has just surpassed 2007 highs. Grant Davies talks to Stuff reporter Richard Meadows below. New Zealand's top listed corporates have officially overtaken their pre-global financial crisis valuations. The NZX 50 capital index hit a high of 3325.89 on May 24, 2007. The ensuing global...

OIL PRICE ANALYSIS Oil is so much more than a fuel. It’s a force even bigger than its trillion-dollar market. It’s a weapon, a strategic asset, a curse. It’s a maker and spoiler of fortunes, a leading indicator and an echo chamber. Each has a part in determining oil prices. THE BACKGROUND During the mid-20th century, a group of multinational oil giants known as the Seven Sisters (including the companies that became Exxon Mobil, Chevron and BP) dominated the market....

Richard Boulton has left Hamilton Hindin Greene after over 30 years of service. Over the years Richard has been Managing Director, Managing Principle, Director and shareholder of HHG. He has seen the firm change from a partnership to a company and been through the introduction of formal compliance processes, not to mention numerous market events and the Christchurch Earthquake. HHG wishes Richard well for the future and he has left in the knowledge that his clients are in the safe hands...