Yovich & Co. Market Update - 7 January 2019
Jan 7, 2019 | Commentary
Welcome back. We trust you enjoyed the fine weather over the festive season and are excited about the investment opportunities this year.
In summary, the NZX50G had 26 companies on the downside, 6 remained unchanged and 18 companies were on the upside.
Kathmandu was expecting greater than last year summer sales, the expectation was not reached as same store sales were 1% lower than last year.
Sanford’s sale of its Tauranga based pelagic business, for a purchase price of $23.4m, is now unconditional.
The Annual NZ Herald broker picks article published on 26 December mentioned 29 companies, the most common stock picked by five of the eight brokers was a2Milk. Below is an extraction of our preferred high yielding stocks and growth stocks, from the 29 companies listed in the article. The most important aspect of choosing stocks is buying them at the right price. https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=12178279.
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