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Grant Davies

Fletcher Building at a Fork in the Road

Fletcher Building and investors alike find themselves at a fork in the road, facing a difficult decision about which direction to take. Investors must decide whether to buy, sell or hold a stock where strong arguments could be made for all options. Fletchers face a multitude of different choices to solve their current woes. These range from asset sales, to capital raisings, or merely renegotiating their debt to relax their covenants. Before we explore Fletcher’s options, and the implications that would...

Market Wrap with Grant Davies - Orion Healthcare Tumbles

New Zealand shares rose today, with Green Cross Health and Meridian Energy gains overcoming a downgrade for Orion Health. The S&P/NZ50 Index gained 10.86 points, or 0.13%, to 8329. Turnover was $118 million. “We’ve had a poor trading day for Orion Healthcare, which had a negative revenue update this morning and a bit of a change in strategy so the market (is) not treating that too kindly,” Hamilton Hindin Greene investment adviser Grant Davies says. Orion Health led the index...
Filed under Grant Davies \ NBR

NZX50 opens down 1.97% on "catch-up" day

New Zealand markets are playing catchup today, after a rocky day of global trading yesterday. The NZX was closed for Waitangi Day yesterday, but the S&P/NZX50 was down 1.97% at market open today. Within the index, 47 stocks had fallen, with three up, on turnover of about $35 million. “I think we’ll have a bit of a catch-up day today,” Hamilton Hindin Greene investment adviser Grant Davies says. “At the moment, the Dow is broadly flat. But I’d expect our fair...
Filed under General \ Grant Davies \ NBR

Fixed Income Update

FIXED INTEREST AN ESSENTIAL BUFFER FOR PORTFOLIOS. By Grant Davies, Investment Adviser. Including Fixed Interest in an investment portfolio helps to reduce your risk, and will help protect your portfolio in a market downturn. Having quality fixed interest is essential, which is why the Hamilton Hindin Greene’s Investment Committee guidelines specify that at least 20% of the fixed interest portfolio should be rated A- or above by Standard & Poor’s. This is a high bar, particularly when we consider the interest...

Market Talk with Grant Davies & Andrew Patterson. Talking Fonterra, a2, Synlait, Kathmandu, Xero, and Market Sentiment

Grant Davies talks to Andrew Patterson from Sunday Business about general market sentiment, as well as Fonterra, and their recent result. He also looks at a2 Milk Limited and Synlait Limited, who are up 200% and 100% respectively on the back of infant formula exports to China. They also run the ruler over Kathmandu after their recent strong result.
Filed under Grant Davies \ NBR

HHG Adviser Grant Davies Discusses the Upcoming Election and the Pipeline Breach

New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose. The S&P/NZX 50 Index fell 3.95 points, or 0.05 per cent, to 7,758.71. Within the index, 17 stocks fell, 15 rose and 18 were unchanged. Turnover was $131 million. "People are a little more cautious and happy to wait for certainty," said Grant Davies, investment adviser at Hamilton Hindin Greene. "There...

Grant Davies Discusses the Week Ahead with The NBR's Calida Smylie

Investors will be focused on inflation data coming out from China early this week and the US later in the week, Hamilton Hindin Greene investment adviser Grant Davies says. “Inflation is obviously well worth a look in terms of how that’s going to impact growth internationally, and how that’s going to help grease the wheels of the economy... It’s one to watch for New Zealand investors.” As well as looking at the week ahead, Grant looks back to last week in...
Filed under Grant Davies \ NBR

Market Talk With Grant Davies - Market Overview, Inflation Data, Restaurant Brands, and the Aged Care Sector

Grant Davies talks to Andrew Patterson of the National Business Review regarding the markets. Grant analyses the dynamics of the power sector within the context of record rain fall in the North Island, and low lake levels in the South Island. This week also saw the highest level of inflation for 5 years, a solid result from Restaurant Brands, and big subsidies announced for aged care workers. We look at how these subsidies will impact the aged care sector and the...
Filed under Grant Davies \ NBR
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