The Warehouse Group has come a long way in the last 10 years. Having developed a strong brand representing cheap goods sold through their red sheds empire, The Group have invested heavily to diversify their retail market exposure. The Group has since expanded to include 5 operating segments, The Warehouse, The Warehouse Stationary, Torpedo 7 Group, Noel Leeming, and The Warehouse Group Financial Services. The Warehouse is predominantly a general merchandise and apparel retailer, selling discounted goods through its red...
Overview: MYOB’s latest listing on the ASX adds a little more spice to the Trans-Tasman battle between MYOB and Xero. Their battle can now be measured in market capitalisation, as well as the revenue growth measure so favoured by Xero. Approximately 40 percent of MYOB was sold in the Initial Public Offering at $3.65 per share. Pros: According to Morningstar research MYOB is still the largest provider of accounting software to small and medium enterprises in Australia and New Zealand...
Overview: Investors who took part in the Genesis Energy Initial Public Offering (IPO) would have recently received notification of the allocation of their bonus shares. Retail, aka Mum & Dad investors were entitled to 1 bonus share for every 15 they purchased in the government sell down (to a maximum of 2000 bonus shares), as long as they held the shares for a year. Those investors who were quick off the mark were lucky to sell before the Company announced...
Overview: Nuplex have backed up their decent half year result in February with an announcement of a “breakthrough technology for the coatings industry”. The global manufacturer of resins used in paints, coatings and structural materials, presented the technology to the European Coating Show this week. Clearly it resin-ated with the audience, as they were awarded the “Best Paper Award” for their efforts. Pros: Nuplex will be looking to use the new technology to increase market share and improve margins. Margin...
Overview: The Chorus saga was prolonged a further 2 months this week with the Commerce Commission extending the timetable on the final pricing principle (FPP) for the Unbundled Bitstream Access (UBA) and Unbundled Copper Local Loop (UCLL) decision until December this year. The Commerce Commission FPP decision will essentially decide the price that most Kiwis pay for broadband through the old copper network. This is the forth delay in what has been an arduous process for all involved. Pros: From...
Overview: Summerset’s development of new villages and units is continuing in earnest. Summerset remains NZ’s third largest retirement village operator and second largest developer, with more than 3000 residents in over 2000 units across New Zealand. Pros: Summerset’s expansion is accelerating, with the company on target to deliver 300 units this year, solid growth from the 261 they achieved in the 2014 financial year. On Tuesday, the Company announced strong sales figures of 78 new sales and 47 resales for...
Overview: Stockland is an Australian listed “AREIT” (Australian Real Estate Investment Trust), offering investors diversified property exposure across the Tasman. AREIT’s are a massive investment market in Australia, with the 16 companies on the S&P/ASX 200 AREIT index boasting a combined value of $109 billion (dwarfing the NZX 50, ex the 2 big Aussie banks, which comes in at $83 billion). Pros: Stockland are one of the larger AREITs on the ASX, with 41 retail centres, 21 industrial properties and...
Overview: As the great Yogi Berra once said, “it’s like Kathmandu all over again”, such was the markets familiar reaction to their half year result released on Tuesday. It was only last month that I wrote about Kathmandu and the 25 percent drop in their share price after a disappointing sales update. In the mean time their share price rose 28 percent from lows of $1.39 to a peak of $1.79 reached last week. Those highs were fleeting, with Tuesday’s...
