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SLI Systems shares sink to record low in run-up to earnings season - Grant Williamson talks to the National Business Review

SLI Systems shares sank to a record low, extending this year's decline, as a dearth of news ahead of next month's earnings season has seen some investors exit the e-commerce software vendor. The shares dropped 8 percent to 23 cents today and have fallen 49 percent so far this year making them the fifth-worst performer on the S&P/NZX All Index. The volume of trading was light at 103,244 shares, or 0.2 percent of shares on issue, in what's a relatively...
Filed under Business Desk \ NBR

Grant Williamson discusses last weeks movers on the NZX.

New Zealand shares dipped, with Contact Energy and Trustpower falling, while CBL Corp and Restaurant Brands rose. The S&P/NZX 50 Index fell 10.05 points, or 0.1 per cent, to 7553.64. Within the index, 22 stocks fell, 19 rose and 9 were unchanged. Turnover was $125 million. "It's been quiet and uneventful on the markets all week long," said Grant Williamson, investment adviser at Hamilton Hindin Greene. "The index is pretty much unchanged from the start of the week to the...

A2 Milk shares hit record high - Increase guidance.

A2 Milk Co shares touched a record high after the milk marketer raised its annual revenue guidance following better-than-expected sales in the third quarter. The shares rose as high as $3.44 and were recently up 5.9 percent to $3.39, adding to a 50 percent gain so far this year. The Auckland-based, Sydney-headquartered company forecast revenue of $525 million in the year ending June 30, up from $352.8 million a year earlier, it said in a statement. A2 generated sales of $388...

TeamTalk takeover by Spark rejected by Board

Hamilton Hindin Greene director Grant Williamson Spark New Zealand says an independent valuation range for its takeover target, TeamTalk, lacks credibility and the top end of the range amounts to an "absurd premium". TeamTalk shares surged after the report was released and are now higher than Spark's offer price. Auckland-based Spark, New Zealand's biggest telecommunications group, has offered 80 cents per share for TeamTalk, a 78 percent premium to where TeamTalk shares traded before Spark announced its intentions in February....

Grant Williamson discusses the market in particular the Retirement Sector

March 2 - New Zealand shares rose, joining a global rally as US President Donald Trump's proposed US$1 trillion of infrastructure spending and aspirations to drive American economic growth stoked investor optimism. Summerset Holdings and Metlifecare gained in the wake of better earnings results in a lacklustre reporting season. The S&P/NZX 50 index gained 27.05 points, or 0.4 percent, to 7175.83. Within the index, 36 stocks gained, nine fell, and five were unchanged. Turnover was $115.9 million. Stocks markets across...
Filed under Business Desk

Trilogy International says it's meeting disclosure requirements after share slide

Trilogy International, the skincare and home fragrance company, said it continues to comply with continuous disclosure rules in response to a query from the New Zealand stock exchange after its shares took a tumble. In a letter to Trilogy, the NZX sought an explanation noting Trilogy's shares dropped to $2.48 on Feb. 9 from $3.39 on Jan. 9, a fall of 71 cents or 22 percent. On Friday the shares were up 1.6 percent at $2.55. Lindsay Render, the chief...

Market drifts lower as investors await earnings season.

New Zealand shares fell Tuesday, joining a global selloff as US President Donald Trump spooked markets with his ad hoc policy decisions. Meridian Energy, Warehouse Group and Air New Zealand declined. The S&P/NZX50 Index dropped 34.8 points, or 0.5 percent, to 7,050.76. Within the index, 30 stocks fell, 14 rose and six were unchanged. Turnover was $106.7 million Asian markets were weaker today as the impact of US President Donald Trump's travel ban on refugees and immigrants from Muslim-majority countries,...

Hamilton Hindin Greene Advisor Talks About the NZX, Fisher & Paykel Healthcare and Comvita

Jan. 27 (BusinessDesk) – New Zealand shares rose, led by Vista Group International and NZX at an eighteen-month high, while Fisher & Paykel Healthcare dropped after US President Donald Trump said he planned to impose a Mexican tariff. The S&P/NZX 50 Index gained 20.93 points, or 0.3 percent, to 7,134.26. Within the index, 31 stocks rose, 12 fell and seven were unchanged. Turnover was $82.7 million. “It’s still pretty low volumes, it’ll start to pick up next week with earnings...
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