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Grant Davies

COVID-19 Update - Level 3 & 4 - Hamilton Hindin Greene's response.

Update - Level 3 & 4 - Hamilton Hindin Greene's response Hello, As you will be aware the Prime Minister has lifted New Zealand’s COVID-19 alert status to Level 3 and provided a warning of the alert level being raised to Level 4. This status will be in place for “a minimum four weeks”. Under Level 4 all non-essential services will close. Financial Services, the New Zealand Capital Markets, and the NZX are considered to be an essential service and will...

Sky TV 'weren't going to drop the ball again' - Grant Davies talks to

Sky TV has been dealt a body blow by Spark Sport's acquisition of the rights to broadcast New Zealand cricket for the next six years. Sky Sport holds the rights for all domestic cricket until mid-way through next year, but when that deal ends in April 2020 Spark Sport will be the officials rights partner for all cricket matches played in New Zealand. All Black Caps and White Ferns games, all men's and women's Super Smash games and the Ford Trophy...
Filed under Grant Davies

April another month of solid gains for sharemarket - Grant Davies talks to Business Desk

New Zealand shares edged higher in the final day of April trading, capping a 1.8 percent gain for the month that saw the benchmark index cross the 10,000 level for the first time. by BusinessDesk The S&P/NZX 50 Index increased 1.06 points, or 0.01 percent, to 10,013.83. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $195.2 million, of which Trade Me Group accounted for $42.4 million. Trading was subdued with a lot of investors in...

Market Recap for 2018 & What to Expect in 2019

Whilst headlines provide the predictable doom and gloom we can see from the table below that the NZ market is holding up quite well in the face of an international sell down. HHG continues to see long term value in the NZ market and further afield. Read more below, including HHG's top 5 picks for 2019. Anyone following the market closely in 2018 will be well aware of how volatile it has been. The market hit all-time highs in September...

Trade Me Takeover at $6.40 - Grant Davies talk to about the offer

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"....

Market Wrap with Grant Davies - NZX50 Index Closes Over 9000. Orion Healthcare & a2 Milk and Ebos

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.
Filed under Grant Davies \ NBR

Market Wrap with Grant Davies - Tegel, Vodafone, The Federal Reserve and Rising Interest Rates

Today Grant Davies talks to Grant Walker about the impact of a predicted rise in Interest Rates by the Federal Reserve, and what that will do to the share market. They also touch on the Tegel takeover offer, and the run of good results we had in May. Grant Davies also explains the impact of the new CEO appointment at Vodafone, and the effect that had on Spark and Sky TV on the market today.
Filed under Grant Davies \ NBR

Market Wrap with Grant Davies - MSCI Index Reshuffle Dominates Trading

An MSCI index reshuffle sent shares for Fletcher Building soaring after it survived, but Mercury Energy shares fell as it was culled from the index. Overall, the NZX50 index dipped 4.45 points to 8,708.78, on turnover of $218 million. “Across the board what we’re seeing with these index changes is the influence of passive money in the market,” says Hamilton Hindin Greene investment adviser Grant Davies “The tracking of the index actually leading to share price movements makes it slightly...
Filed under Grant Davies \ NBR

Market Wrap with Grant Davies - AMP, Fletcher Building and Vocus

Grant Davies talks to Grant Walker from the NBR about today's market news. We had more bad news for AMP, down 4% as the Royal Commission in Australia continues revealing revelations of inappropriate conduct throughout the organisation. The shares are off 15% since news started to filter out last Tuesday (17th of April). Fletcher Building also continues to consolidate as their capital raising continues. Vocus have also decided to pull the sale of their New Zealand telecommunications assets citing that...
Filed under Grant Davies \ NBR

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...
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