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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....

Fletcher Building a 'serial underperformer' which needs to earn back trust - Grant Davies

Fletcher Building will have to work hard to earn back trust, but Monday's large profit downgrade is far from disastrous for the country's biggest construction firm, an analyst says. Auckland-based Fletcher Building said its profit could be up to $150 million less than it indicated it would be just three weeks ago, after the cost of two major projects blew out. Fletcher Building refused to say which two projects were responsible, but chief executive Mark Adamson said on Monday "people did...

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...

Hamilton Hindin Greene Director James Smalley said investors are waiting for more clarity as "we are in uncharted territory."

Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady yesterday in the wake of US President Donald Trump's inauguration and analysts expect the situation to continue as markets take a wait-and-see approach. ANZ Bank New Zealand senior economist Phil Borkin said Saturday's inauguration did little to shed light on the Trump's administration's plans. Markets had rallied strongly after Donald Trump's election in November with the greenback pushing higher on promises of tax cuts...
Filed under General \ NBR

CNBC's Squawk Box talks to Jeremy Sullivan regarding the New Zealand Bond Market

Investors yearning higher yields while keeping a lid on risks have had a hard time of late. One investor says New Zealand debt may come to the rescue. U.S. Treasurys have long been a safe haven asset, but a sharp plunge in yields has pushed investors to search elsewhere. Recent Treasury International Capital (TIC) data revealed foreign investors dumped nearly $33 billion dollars in U.S. paper for the third straight month in June, begging the question of where market players...

NZX continues rally ahead of expected OCR cut - Audio Feature - NBR Radio

New Zealand’s stock market continues to rally ahead of tomorrow morning’s much-anticipated official cash rate (OCR) announcement. The S&P NZX 50 is up 0.3% this week, with the gross index gaining 5.07% in the last 31 days and more than 21% so far this year. Hamilton Hindin Greene investment adviser Jeremy Sullivan says the gains have been, in large part, because of the Reserve Bank lowering the OCR and changing its sentiment at the end of last year. The market...

Upcoming Investor Presentation - 20th October 2016 - Ryman - EBOS - Metlifecare

HHG is proud to be hosting Chief Executives, Chief Financial Officers and Management from some of New Zealand's largest listed companies. Ryman Healthcare, EBOS Group and Metlifecare. The Investor Presentation which is to be held on the 20th of October 2016 at 9:30am through to 11:00am, at the newly built function centre of the Sudima Hotel, Christchurch Airport, followed by refreshments. If you would like to attend please RSVP by Thursday the 13th October at the latest. Seats are limited and...
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