Abano Healthcare (ABA.nz)
Abano Healthcare Group is a New Zealand owned company listed on the New Zealand Stock Exchange. It is an active investor in, and operator of healthcare and medical services businesses located in New Zealand, Australia and Asia.Read More
Investing Internationally using Exchange Traded Funds
When I am managing portfolios, reducing volatility and uncertainty is an important expectation from clients. It is in times of uncertainly that diversification into unrelated markets will ensure that portfolio valuations remain as steady as possible. There are two main benefits that I outline when I recommend International Equities to portfolios; they are:Read More
Preferred High Yielding Equities.
We have updated our preferred list of high yielding equities.Read More
The a2 Milk Company (ATM.nz)
In the current market where quality stocks have extended valuations, it becomes very difficult to find value. Genuine growth companies like ATM are providing real increases in earnings and valuations that continue to fundamentally move upwards.Read More
Oceania Healthcare (OCA.nz)
Oceania Healthcare listed on the NZX on May 5th 2017 at a price of 79 cents and operates in the New Zealand residential aged care and retirement village sectors. The existing operators that are listed have had exceptional results over the past five years with Ryman up 171%, Summerset up 209%, MetLifecare up 183% and Arvida up 41% since listing in December 2014.Read More
New Zealand King Salmon Co (NZK.nz) - Sustainable & Premium Export Quality Protein
NZ King Salmon listed in October last year and has been one of the IPO successes with the shares trading at a 17% premium to the listing price of $1.12. It ticks the boxes for us as it is producing a sustainable and premium form of protein with exports making up 40% of sales volumes.Read More
NZ Listed Property Sector – Reassessment on Rising Bond Yields
The Listed Property Vehicles (LPVs) have had a dramatic fall over the past 12 months, in some cases falling by more than 15%, despite improving Net Tangible Asset values and consistent dividends.Read More
Tags: Investment Advice Whangarei Weekly Update Investment Shares Bonds Investment Strategy Investment Advice Share Advice Share Investment Investing in Shares NZ Property Investment Listed Property Trust Listed Property Vehicle LPV
Tourism Holdings (THL.nz) – FNZC Initial Research
First NZ Capital initiated coverage of Tourism Holdings this month after the company has steadily grown their business and now features in the top 50 companies on the market, ranked 43rd with a market cap of $462 Million.Read More
Tags: Investment Advice Whangarei Weekly Update Investment Shares Bonds Investment Strategy Investment Advice Share Advice Share Investment Investing in Shares Preferred NZ Shares Tourism Holdings THL.nz
Preferred NZ Shares
With the New Zealand market consolidating on a very strong first half of 2016, many stocks are still sitting at elevated levels. It is important to identify companies that are going to provide consistent dividends and long term growth in sectors that have strong fundamentals. Below are our top picks in the current market:Read More
Economic and Market Outlook for 2017
Happy New Year….. In todays’ Market Update we look at the research from NZ Frist Capital and Credit Suisse and their outlook for both the global and local economies and markets.Read More
Year in Review
Another busy year is quickly coming to an end and we wish you a Merry Christmas from all of us at Yovich & Co. We hope that you have some quality family time and enjoy yourselves during the festive season.
It is also a time for reflection and below is my take on the last 12 months of activity in the local and global markets and look at First NZ Capital Stock Picks for 2017.Read More
Arvida Group (ARV.nz) – First Half Result
Arvida Group Limited (ARV.nz) announced a Net Profit After Tax of $19.4 million for the six months to 30 September 2016. The results include a full period of operations from the Aria villages and a three-month contribution from Lansdowne Park.
Hellaby Holdings (HBY.nz) – Increase in Offer Price from Bapcor (BAP.asx)
Last week Bapcor (BAP.asx) increased their offer price for Hellaby (HBY.nz) from $3.30 to $3.60. There has been further pressure from the Hellaby Board for Bapcor to include one final dividend before they will support the takeover.Read More
Ryman Healthcare (RYM.nz) – First Half Result
Ryman Healthcare’s underlying profit rose 9% to $76.5 million in the first half, while valuation gains lifted reported profit after tax by 41% to $187 million.
Tegel (TGH.nz) – Recovery in Poultry Price
On Statistics New Zealand (Stats NZ) data, poultry retail prices were up approximately 4.5% in October compared with September and were also broadly flat year on year in October.Read More
IFT is scheduled to announce their results for the pervious six months on November 11th. In the previous results announcement in May, it was highlighted that there were more deals in the pipeline and in the past 6 moths they have made the following investments:Read More
Tegel Group Holdings (TGH.nz)
Tegel listed on 3 May 2016 at an IPO price of $1.55 which was well received by investors as the stock price peaked at $1.80. The current weakness in the share market, a softening of poultry prices and Inghams Group listing on the ASX has seen the share price fall below the IPO price to $1.49. Below is a summary of FNZCs Research Note which was published on 11 October 2016.
Our Preferred High Yield Stocks
In a market environment where valuations have become stretched, it becomes more important to concentrate on quality businesses with sustainable income generation. Some of the larger cap stocks on the New Zealand Market have run well ahead of their fundamental values and it is the mid cap stocks that still present reasonable buying.
Metro Performance Glass (MPG.nz)
Last week MPG had their Annual Shareholders Meeting, reporting a 10% increase in revenues for the year and Net Profit after Tax increasing to $20.5 million. Their outlook for the next 12 months remains positive for the following reasons:Read More
BetaShares Exchange Traded Funds
A few weeks back I attended an informational session on Exchange Traded Funds (ETFs) managed by BetaShares. It was an interesting discussion as the ETF market is starting to move toward providing strategy specific funds and not just index trackers. BetaShares are the market leaders in the Australian ETF market and below are a few funds that I am now starting to recommend to clients for their portfolios:Read More
Two Growth Opportunities in Australia
In todays’ Market Update I summarise the research from Morningstar Australia for two growth opportunities, Ardent Leisure (AAD.asx) and ResMed (RMD.asx).
There is only one theme at the moment and that is BREXIT. In todays Market Update there is a run down of the most recent considerations from First NZ Capital.
We have also included some more in-depth research which follows on page 2.Read More
In this Yovich & Co. Market Update we cover the full year results from Fisher & Paykel Healthcare and Stride Property.Read More
Ryman Healthcare Limited – Full Year Result
Ryman’s profit for the March year increased 16% from $136m to a record $158 million. The profit inclusive of valuation gains increased 26% from $242m to $365m. A final dividend of 8.5 cents per share has been declared and will be paid on 24 June 2016. Operating Cash flows grew 34% to reach $312m in the year to 31 March driving a second level of investments in new villages. The record profit and cash flows have enabled the company to invest $369m back into the business.Read More
Portfolio Construction Forum – Symposium 2016
Last week I attended the Portfolio Construction Forum – Symposium 2016 in Auckland and once again it was a great insight into the current mood amongst Financial Advisors and the topics that are on our minds in the current investment, economic and political landscape. The two big takeaways for me was a presentation from Professor Niall Ferguson from Harvard University on “If the global economy is in secular stagnation or an inflection point for growth”, and a practical presentation from Tim Farrelly from Farrelly's Investment Strategy (Sydney) on “How to develop a robust retirement spending policy”.Read More
Australian Funds Management Sector – Summary
Today I summarise the Australian Funds Management sector, a sector that will benefit from the planned increase in the compulsory rate of superannuation from 9.5% to 12% over the next 9 years. This also fulfils our strategy of looking for Australian investments as we believe that it is a good time to be investing in Australia while the exchange rate is around 89 cents to the Kiwi.Read More
Tags: Weekly Update Investment Shares Bonds Market Commentary Challenger Limited CGF.asx IOOF Holdings IFL.asx Magellan Financial Group MFG.asx Macquarie Group MQG.asx AMP AMP.asx Platinum Asset Mgmt PTM.asx Perpetual Limited PPT.asx
Macro Theme in Current Economic Environment
The rocky start to the year has not been a surprise to us as the signs were around last year that there would be more uncertainty around energy / commodity prices and how the world would react to the slowing growth in China. Given these uncertainties and a low interest rate environment our focus remains on identifying opportunities in defensive sector, high yielding investments. In addition to this, the NZD AUD exchange rate remains at historically high levels so it is also attractive to invest across the Tasman.Read More