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Anatomy of an NZX Trading Day

Between the hours of 5:30pm and 9am (NZT), the Cash Markets are in their Enquiry state. This simply means that markets are “read-only” – orders can’t be entered, deleted, or amended in any way. At 9am, the market enters its Pre-Open Session. In Pre-Open, you can do anything except trade

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New Zealand Core Stock Update – The a2 Milk Company

n Last Price: $14.73 n Sector: Consumer Staples n Market Cap: $10,832M n Fair Value: $15.30 n The A2 Milk Company Ltd is engaged in the commercialisation of intellectual property relating to a2 brand milk, infant formula and related products in New Zealand, Australia and the USA. n What’s been

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What is a Wide Moat Stock and how to spot one

What do an Aussie funeral parlour and a Kiwi airport have in common? That may sound like the set-up to some crass joke but it’s actually a serious question. The punch line, or rather, the answer is: a wide moat. The companies in question are InvoCare  and Auckland International Airport

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New Zealand Fixed Interest Opportunity – NZ Bond Fund

The NZ Bond Fund provides an attractive investment grade alternative to owning direct bonds or term deposits. The Smartshares NZ Bond ETF invests in New Zealand fixed interest assets, with the objective of outperforming the S&P/NZX A-Grade Corporate Bond Index over rolling 3-year periods. The investment manager for the fund

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Why you need to check your PIR (Prescribed Investor Rate)

Having an incorrect PIR can lead you to either overpaying, or underpaying tax. 120,000 Kiwi’s received a letter from the IRD recently flagging that the wrong tax rate had been applied to their KiwiSaver account. This means many underpaid tax, and received bills accordingly. Unfortunately, it also meant that some

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Introducing Jeremy Simpson

We would like to introduce a new member to our adviser team. Jeremy Simpson has joined us after 8 years working as a Pensions Specialist for a  large New Zealand financial planning firm. Jeremy has extensive expertise in the UK pension transfer market, having spent  4 years working in London

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Peripheral Stock Focus: Oceania Healthcare

MARKET CAP : $659M (@ $1.09 SP) NET TANGIBLE ASSETS (1H 18) :$0.81 PER SHARE ADJUSTED NTA PER SHARE: $1.01 PER SHARE (includes CBRE Ellis Value of existing sites and Work in Progress) EST. DIVIDEND YIELD : 4.5% The main reasons we like the stock are as follows: Relatively good yield (4.5%) for a

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