A takeover offer has been made for Trade Me, with an offer price of $6.40 a share. Trade Me shares leapt 18 per cent, or 96 cents, to $6.06 immediately after the offer was revealed to the NZX. The offer would value Trade Me at $2.5 billion, about $500m more than its sharemarket value when trading closed on Tuesday. Trade Me described the offer from Apax Partners, which is a British private equity company, as "a preliminary, non-binding, indicative proposal"....
STOCKS RECENTLY ADDED TO HAMILTON HINDIN GREENE’S INVESTMENT COMMITTEE AS PERIPHERAL EQUITIES: Xero Peripheral equities are designed to be supplementary to your core stocks. As such, it is recommended to have a maximum allocation of 5% of your investable wealth in any peripheral equity. SHARE PRICE: $44.59 AUD MARKET CAP: $6.46 BILLION AUD SECTOR: TECHNOLOGY SERVICES OVERVIEW XRO is an information technology provider that specialises in the development and sale of integrated cloud-based accounting software for small businesses and accounting...
STOCKS RECENTLY ADDED TO HAMILTON HINDIN GREENE’S INVESTMENT COMMITTEE AS PERIPHERAL EQUITIES: a2 Milk Company Peripheral equities are designed to be supplementary to your core stocks. As such, it is recommended to have a maximum allocation of 5% of your investable wealth in any peripheral equity. SHARE PRICE: $11.90 NZD MARKET CAP : $8.73 BILLION OVERVIEW ATM is a vertically integrated and multinational manufacturer of a2™ branded milk, infant formula and other value-added dairy products that it processes, packs and...
In the years since the Global Financial Crisis, the world economy has experienced a significant period of expansion, driven in part by a wave of stimulus from major central banks. As this stimulus is gradually removed and we reach record territory for the length of the economic expansion, at least in the US, it’s hard to argue that the cycle is not maturing. A key question we hear posed more and more frequently is whether investors should be significantly adjusting their...
UK Pension schemes are being warned they may be being too generous when offering cash lump sums to people considering transferring out of their gold-plated deals. A letter sent by the Pensions Regulator to defined benefit (DB) pension schemes suggests that trustees think about whether they should cut the amounts on offer for workers leaving the pension scheme. DB schemes are often described as gold-plated because they promise people a certain level of income when they retire, such as final salary...
Every year any company that has issued shares to retail investors must prepare and publish an annual report. Since annual reports generally follow a standard order, it can be straightforward to review them once you are used to knowing what to look for. In particular, there are some key things to think about when trying to understand the company’s financial performance. 4 THINGS TO THINK ABOUT WHEN READING THE COMMENTARY Annual reports typically start with commentary from the Chief Executive and...
Cryptocurrencies have dropped a long way since late 2017 and early 2018. The so-called “alt-coin” market is sitting at a yearly low of $US187 billion. While that sounds like a lot of value, this amounts to a total of $US642b that has disappeared since its all-time high of $US829.96b in January this year. Almost all cryptocurrencies – Bitcoin, Ethereum, Litecoin, Ripple – are shedding billions in value from their market cap. Ethereum, one of the best-performing versions during last year’s...
Academics face paying more to plug £8.4bn pension fund gap Contributions need to rise by nearly 4 percentage points, warns scheme’s provider. Members of the UK’s largest pension scheme will need to increase their contributions by nearly 4 percentage points to help plug its £8.4bn accounting deficit, unless they can come to an agreement with their employers, the Universities Superannuation Scheme warned this week. USS, which provides pensions for academics, said that if academics and universities did not strike a deal...
Abano were recently approved by the Hamilton Hindin Greene Investment Committee for inclusion in portfolios as a peripheral stock (please discuss the appropriateness with your adviser). Their inclusion was on the back of another positive result on the 25th of July. They’ve shown consistent growth over the past 6 years, still have opportunities in a relatively fragmented market, have a strong balance sheet, and are trading at attractive fundamentals (16.5x earnings). The two analysts who cover the company are keen on...
The NZX achieved a significant milestone today, closing above 9000 points for the first time. We also saw Orion Healthcare jump 34% after shoring up their balance sheet. Ebos continued their upward trajectory after increasing their revenue by $1b. Synlait and a2 announced a new 5 year agreement.
