Work with your personal adviser to grow your wealth

International Peripheral Stock - Salesforce

OVERVIEW, Inc. is a software-as-a-service vendor that primarily develops customer relationship management, or CRM, products. The firm has a variety of cloud-based tools targeting horizontal markets such as Sales Cloud, to monitor sales leads, Service Cloud, for customer support, Marketing Cloud, to launch digital marketing campaigns, Commerce Cloud, a multitenant e-commerce tool, Quip, its collaboration tools, and the Salesforce Platform, which allows enterprises tobuild applications. Beyond this, Salesforce has various initiatives such as Trailhead, Einstein AI, Lightning, Internet of Things,...
Filed under Newsletter

Economic Update 2019

Investment markets equity prices have had a good start to the year, though the price gains have yet to recover all the ground lost in the global sell-off late last year. The more defensive, income-oriented sectors have done especially well as investors have worried less about the valuation threat from potential bond yield rises, and have viewed less cyclical equities as a useful hedge against global growth shocks. Looking ahead, the central scenario is ongoing global growth at a modestly...

Capital Gains Tax - The Tax Working Group

A SUMMARY OF SOME RECENT TAX REFORMS IN NZ There is currently no broad based capital gains tax (CGT) in New Zealand, although certain “gains” are deemed to be income in certain circumstances. Income tax for example does apply to property transactions in certain circumstances, particularly in the case of speculation. New Zealand’s last major program of tax reform occurred in the 1980s. This included the following changes: The top marginal rate of income tax was reduced from 66% to 33%...

International Environmentally Responsible Fund

IMPAX Environmental Impact Fund (IEM) Investment objective The Company’s objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in listed companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture...
Filed under Newsletter

The Outlook for Equity Markets

Although equities, overseas and at home, have been recovering from their sell-offs in October, they are still well below their previous peaks. Looking ahead, the global economy looks like continuing its already long post-GFC expansion into 2019, which should be supportive for growth assets, but equities remain over dependent on the performance of American shares and the American economy, and there are risks (notably around trade wars and potential mistakes from accidentally overtightening monetary policy) which could derail this outlook. In...
Filed under Newsletter

NZ Peripheral - Heartland Group Holdings

Last Price: $1.41 Market Cap: $797M Fair Value: $1.61 Sector: Financial Services Investment Perspective In New Zealand, Heartland Bank focuses on 'best or only' banking products in three key markets: Household (which includes investment products, consumer lending, reverse mortgages and motor vehicle lending); Business; and Rural. In Australia, Heartland is a specialist provider of reverse mortgage loans and also provides funding to partners in the Small Business and Consumer Lending sectors. Heartland’s medium-term growth outlook continues to appear positive, however...
Filed under Newsletter

NZ Core: Ryman Healthcare

$11.13 Last Price Sector: Healthcare Market Cap 5,565 M Fair Value $13.00 Investment Perspective Ryman Healthcare is a well-managed company operating retirement villages in New Zealand and Melbourne and is positioned to benefit from a fast-growing elderly demographic in both locations. We expect Ryman Healthcare's business to expand strongly during the five years to 2023, driven by new construction in New Zealand and Australia and from the resale of existing units as a result of portfolio growth. Rising dwelling prices...
Filed under Newsletter

Introducing Mark Hampton

Mark joined the firm in October 2018, coming to us from Auckland based investment firm FNZC. Prior to this he spent three years based in London, working for a retail fund manager. Mark was born and raised in Timaru, before making the trip “up the road” to complete his Bachelor of Commerce in Finance and Accounting at the University of Canterbury. He then began his career in wealth management with Craigs Investment Partners before heading away to London to gain...
Filed under Newsletter

NZ Core: Fletcher Building

Last Price: $5.09 Sector: Construction Market Cap: $4,344M Morningstar Valuation: $6.50 Fletcher Building has lowered its fiscal 2019 earnings guidance, reflecting tougher-than-anticipated conditions within its Australian businesses. Fletcher now expects EBIT (Earnings before Interest & Tax) in the range of $630 million to $680 million in fiscal 2019, with the midpoint of the updated guidance range 6.5% below prior guidance provided in August 2018. While the New Zealand business is tracking Fletcher's expectations, input costs are pressuring margins in Australia...
Filed under Newsletter

Aussie Peripheral: Cochlear Update

Last Price: A$189.65 (Investment view as at 27/11/18 when price was A$169.19) Sector: Healthcare Market Cap $10,954 M Fair Value A$180 Investment Perspective Cochlear is a global leader in the design and production of hearing implants, with an almost-unblemished track record until the recall of the Nucleus 5 implant in 2011. Notably, the recall was voluntary and was based on adverse results in less than 1% of products issued. Management's conservative decision to voluntarily recall the product preserved customer goodwill,...
Filed under Newsletter
Page 1 2 3 4 5 7 9 10 11 12 13 14 15 16
Find An Adviser CONTACT NOW
Become A Client START NOW