Yovich & Co Blog

Yovich & Co. Weekly Update - 9 July 2012

Summerset Group Holdings (SUM.nz) released a trading update last week outlining a strong first half for sales with 83 new sales and 88 re-sales. First NZ Capital are forecasting profit for the year to be $14.9 million, an increase of 84% compared to last year’s profit of $8.1 million. SUM is proving that they are able to deliver on their growth strategy and is well positioned to benefit form the ageing population demographic.

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Tags: weekly update investment shares bonds market commentary summerset group holdings summerset sum sum.nz fletcher building fletcher fbu fbu.nz new zealand refining nzr nzr.nz

Yovich & Co. Weekly Update - 2 July 2012

It was a slow week for company specific news although the Bank for International Settlements published their annual survey ranking the Australian Banks as the most profitable in the world. This reiterates our view that investing in bank shares is a good way to increase yield.  Dividend yields are forecast over the next few years to be between 6 & 8 percent, while in the U.S. & Europe, bank yields have been 2.5% & 4.5% respectively. Below is a brief summary of the 4 big Banks.

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Tags: shares investment commentary weekly update bonds market anz wbc nab cba

Yovich & Co. Weekly Update - 25 June 2012

APN Media (APN.nz) has acquired an 82% share in brandsExclsuive, an Australian online shopping website for A$36 million. The purchase confirms APN’s strategy to increase their stake in the eCommerce sector and reduce their reliance on news. brandsExclusive is an online club that offers discounts on premium consumer goods and compliments APN’s existing websites such as GrabOne.

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Tags: shares investment commentary weekly update bonds apn apn media renaissance corp rns rns.nz mighty river mighty river power

Yovich & Co. Weekly Update - 18 June 2012

Meridian Energy, likely to be the second in line for partial privatisation, has committed $169 million to a new Wellington wind farm. The 26 turbine development will produce energy at the lower end of the cost scale, comparable with the cost of Geo-thermal energy. Parliament is expected to conclude the third reading of the legislation to give the go ahead to the Asset sales this week.

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Tags: shares investment commentary weekly update bonds meridian energy meridian nuplex npx npx.nz fairfax fxj fxj.asx

Yovich & Co. Weekly Update - 11 June 2012

Nuplex Industries (NPX.nz) issued a market update, giving guidance for earnings of $131 million. Despite being at the lower end of previous updates, the market has reacted well with confirmation that the company is still relatively on target. The following quote outlines the strength and diversity of the business. “Our (Nuplex’s) geographic and product segment diversity has helped reduce the impact of the volatility and weakness of global markets on our earnings”.

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Tags: shares investment commentary weekly update bonds nuplex nuplex industries npx npx.nz telstra tls tls.nz fonterra

Yovich & Co. Weekly Update - 4 June 2012

Mainfreight (MFT.nz) announced impressive annual growth and record sales last year with net profit of $80.5 million. Gearing of the business has doubled over the past year to fund the purchase of the European Wim Bosman business which has underperformed but expectations for this business are still positive in a challenging environment. The Final dividend has been increased to 14c compared to 11c last year.

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Tags: shares investment commentary weekly update bonds mainfreight mft mft.nz sanford san san.nz restaurant brands rbd rbd.nz smartpay spy spy.nz ecoya eco eco.asx

Yovich & Co. Weekly Update - 28 May 2012

Argosy Property Limited (ARG.nz) has achieved a net distributable income of $33.4 million which, despite the sale of 15 properties during the year, is comparable to the previous year’s $33.5 million. The successful internalisation of the management contract in August 2011 delivered significant savings. They declared a 6 cent dividend for the year and guidance for a similar level in 2013. That equates to a Gross Yield of 9.6%.

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Tags: shares investment commentary weekly update bonds npt npt.nz ilu.asx iluka resources iluka ilu comvita cvt cvt.nz npt limited argosy property limited arg arg.nz pharmacy brands phb phb.nz xero xro xro.nz market

Yovich & Co. Weekly Update - 21 May 2012

Ryman (RYM.nz) announced their annual result with net profit at $121m. This was slightly ahead of expectations and was up 16.6% over the corresponding period. The build rate for new beds has also picked up to 770 beds last year compared to its target of 550 beds. The dividend of 8.4c has also increased from 7.2c last year. The low vacancy is also impressive with on average less than one unit available per village.

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Tags: mvn.nz methven investments ryman rym.nz ryman healthcare ift.nz infratil update weekly market shares commentary

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