Yovich & Co Blog
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.