Recap: Recent Episodes
Sharesies
Rethink financial news. Monday through Friday, we recap the events shaping the share markets across New Zealand, Australia, and the US. De-jargoned and delivered in 10(ish) minutes.
Made for you, by Sharesies.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
This is an audio version of the Lunch Money newsletter for the 4th November 2022, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.
Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.
Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. All served up in one super-sweet newsletter.
https://www.sharesies.nz/lunch-money
This is an audio version of the Lunch Money newsletter for the 28th October 2022, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.
Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.
Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. All served up in one super-sweet newsletter.
https://www.sharesies.nz/lunch-money
This is an audio version of the Lunch Money newsletter for the 21st October 2022, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.
Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.
Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. All served up in one super-sweet newsletter.
https://www.sharesies.nz/lunch-money
This is an audio version of the Lunch Money newsletter, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.
Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.
Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. All served up in one super-sweet newsletter.
https://www.sharesies.nz/lunch-money
This is an audio version of the Lunch Money newsletter, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.
Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.
Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. All served up in one super-sweet newsletter.
https://www.sharesies.nz/lunch-money
Elon Musk puts a temporary brake on his takeover of Twitter (TWTR), some takeover news from across the ditch and John catches up with New Zealand Oil & Gas CEO Andrew Jefferies to chat about its current capital raise.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Netflix (NFLX) shareholders have filed a class action lawsuit against the company accusing it of misleading the market and not informing investors quickly enough about a slide in subscriber numbers. José talks to tech writer and commentator Peter Griffin about the downturn in the market for the once invincible tech stocks.
Tom Waits - Innocent When You Dream (78)
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
The New Zealand based part of ANZ’s (ANZ) business increased its net profit by 18 per cent, representing a lift from $930 million to $1.1 billion dollars. The China lockdowns have forced Starbucks (SBUX) to suspend their guidance for the year. AMD (AMD) experiences 71 per cent sales growth in the quarter.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
RocketLab (RKLB) successfully catches a rocket with a helicopter. Billionaire Mike Cannon-Brookes continues to fight AGL’s (AGL) proposed demerger. The European Commission says Apple (AAPL) has been running Apple Pay in such a way that it harms fair competition with rivals in the mobile and online payments space.
What do market dips mean for Kids Accounts?
How does the global economy affect investing?
What’s an investment horizon?
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
All the details from Berkshire Hathaway’s (BRK.A) quarterly results. Qantas (QAN) confirms its Airbus order fro new planes to connect Australia and any major city in one flight. Fortescue (FMG)and Firstgas sign a memorandum of understanding to investigate green hydrogen projects.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Amazon (AMZN), Apple (AAPL) and Meta (FB) all lift the bonnet on their quarters in a volatile week on the US markets. Kogan’s (KGN) stockpiling of inventory backfires somewhat as customers return to stores. NZ Herald’s Business Editor at Large Liam Dann chats about Elon Musk and his pursuit of Twitter.
Liam Dann on Musk and Twitter (paywalled)
Recode Media: Elon and Twitter: A love/hate story
Farhad Manjoo: Is Elon Musk Really That Bad? (paywalled)
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
New Zealand Oil & Gas (NZO) is looking to switch its primary listing to the ASX and launch a rights offering. Alphabet (GOOGL) misses estimates for its first quarter results, YouTube came in at $6.87 billion vs. $7.51 billion expected. Microsoft (MSFT) results meet and beat expectations for the third quarter across the board.
Who is Clippy?
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
The Twitter (TWTR) board votes unanimously to approve Elon Musk’s bid to buy the social media company. QEX Logistics is delisted from the NZX after a saga of censures and fines for not meeting market disclosure obligations. Pushpay (PPH) informs the NZX it's received buyout offers and interest from third parties.
New Zealand Shareholders’ Association
Financial Markets Authority
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Elon Musk shakes off the Twitter (TWTR) board’s poison pill and comes back with funding and a plan. MOVe Logistics (MOV) has applied to become a foreign exempt entity in the ASX: it could be dual listed by the end of May. Independent economist and Casual Friday guest Tony Alexander makes sense of the latest annual inflation rate, how we got here and what’s on the cards for the next year or so.
Tony’s latest edition of Investing Insights
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Netflix (NFLX) share price drops 25 percent. Johnson & Johnson (JNJ) beats Q1 estimates, but reports weak demand for its Covid-19 vaccine. Ramsay Health Care (RHC) says it's received a takeover bid from a consortium led by KKR & Co (KKR), if it goes through it could be the biggest overseas private equity purchase in Australian history.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
US banks have not fared well this earnings season, but Bank of America’s (BAC) consumer lending business gives it a left. The wave of unionisation has breached Apple’s (AAPL) shores, workers at a New York store plan to organise and petition for better conditions. Rus Bioscience (RUA) is to produce revenue after launching their first medicinal cannabis medicine.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
To fight inflation the Reserve Bank hikes the OCR by 0.5 percent. Lululemon (LULU) launches a trade-in and resell programme for gently used leggings, tops and jackets later this month in the US. NZME (NZM) inks an agreement with Meta (FB) to support subscriber growth and retention. New Zealand King Salmon (NZK) seeks $60.1 million NZD to change its farming model and reverse high fish mortality rates.
On Thursday the 14th of April, Chapman Tripp senior associate Philip Ascroft and Frances Cook (Investments Editor at Business Desk) talk about rights offers on Shared Lunch. Register to watch!
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Shopify (SHOP) wants to restructure its shares with a stock split and unorthodox shares for CEO Tobi Lütke. The Commerce Commission has granted provisional approval for the NPA to start collective bargaining with the Meta (FB) and Google (GOOGL) overlords for content deals. ResApp (RAP) signs a deal for a takeover by Pfizer (PFE) for its machine learning technology which detects Covid-19 from audio recordings.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Spark (SPK) starts a process that may lead to selling off part of its cell tower network. Amazon (AMZN) argues the election that created the first union of its workers was “tainted”. BlueScope (bsl) is to buy Cornerstone Building Brands (CNR) owned Coil Coatings for $500 million USD expanding its US holdings greatly.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Join us for an interview with Air New Zealand CEO Greg Foran where he takes us through why the company is undertaking this $2.2 billion capital raise and its plans for the future. We also put to Greg some of the most common questions that Sharesies investors are asking.
Air New Zealand rights offer: a rundown
Investing involves risk, you aren’t guaranteed to make money and you might lose the money you started with. Any information we provide is general only and current at the time. If you're looking for help with your investment choices, we recommend talking to a licensed financial advice provider. We won’t be providing any personalised advice as part of this webinar.
Sharesies will be paid a fee from Air New Zealand for distributing the offer to Sharesies investors.
Meal kit company My Food Bag (MFB) offers up preliminary results that see it increase revenue and earnings. Hewlett Packard (HPQ) stock jumps almost 15% on the NYSE. José talks to Dr Tommy Wiedmann, one of the authors of the IPCC report on climate change, about how the world might be able to meet the Paris Agreement targets, what it might cost us and how investors could possibly help.
The Conversation article on key aspects of the IPCC report.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
The Air New Zealand rights offer is open. The period in which investors can sell or buy rights ends on the 26th of April and investors have up to the 1st of May to exercise those rights.
A comprehensive breakdown can be found here on the Sharesies website.
Our interview with CEO Greg Foran streams on Friday the 8th of April at 12:15pm. Register here to join in live.
Crown (CWN) tells the ASX that it is fully cooperating with the Victorian regulators and all matters arising from the royal commission report.
Twitter (TWTR) welcomes Elon Musk to the board while speculation around what the Tesla CEO will do runs wild.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider. Sharesies will be paid a fee from Air New Zealand for distributing this offer to Sharesies investors.
Elon Musk buys up a 9 per cent stake in Twitter (TWTR) causing a jump in stock price. IGO Group (IGO) says an independent expert has recommended to the Western Areas Limited (WSA) board that a proposed merger isn’t in the best interest of shareholders. A group of investment firms with $7 trillion in assets has sent the biggest EU companies letters of complaint demanding they improve their climate change reporting.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider.
Air New Zealand (AIR) peaks at $1.06 before settling down about 24% at 96c. Tesla (TSLA) delivers 310,048 vehicles in the first quarter, which is up 70% from this time last year. Perpetual (PPT) offers up $2.4 billion AUD which pushes Pendal (PDL) stock up 24 per cent.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider. Sharesies will be paid a fee from Air New Zealand for distributing this offer to Sharesies investors.
Synlait (SML) posts its half-year results and records Net Profit After Tax was up 338% to $27.9 million compared to this time last year. Chinese ADRs might be in for a rough ride with the SEC. José talks to Dr Sebastian Gehricke from Otago Uni’s Climate and Energy Finance Group (CEFGroup) which has published a new report on the motivations of ethical fund managers.
The CEFGroup’s report
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider. Sharesies will be paid a fee from Air New Zealand for distributing this offer to Sharesies investors.
Alice breaks down Air New Zealand’s (AIR) capital raise. Apple (AAPL) makes big changes to its app store and payment systems, but only to some apps.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider. Sharesies will be paid a fee from Air New Zealand for distributing this offer to Sharesies investors.
In some late breaking news: Air NZ (AIR) is to hold a press conference at 6:20pm to offer details of its capital raise, the airline's shares are in a trading halt until 10am Thursday. The Electricity Authority says Genesis Energy didn’t breach electricity market rules by not generating more power during the blackout of August 9, 2021. Lululemon posted better-than-expected fourth quarter earnings despite reduced store hours due to an increase in Omicron infections. Fortescue goes into an out-of-nowhere trading halt after announcing a green hydrogen deal in Germany.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Tesla (TSLA) adds $110 million in value after reports the company will ask shareholders to approve a stock split. Sigma Healthcare’s (SIG) full year results are a mixed bag, reporting a net loss, but also expecting a return to profitability this year. A person accused of insider trading involving Pushpay (PPH) shares pleads not guilty in the Auckland District Court.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Air New Zealand (AIR; AIZ) announces it’s been awarded another twelve months of financial support from the New Zealand Government for cargo flights. The CEO of the Star Entertainment Group (SGR) steps down as the New South Wales casino and gambling regulator hears allegations of breaching money-laundering and counter-terriorism laws. Apple (AAPL) agrees to pay out nearly $15 million USD to users of their iCloud service. www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Hallensteins Glassons (HLG) announces its half year results losing 5,432 trading days across its store network due to the pandemic. NZME (NZM) is to sign a deal with Google and partly step out of a media collective seeking payments from big tech. José talks to Sharesies' executive assistant and “Bkeeper” Demi Heath for B Corp Month. What exactly is a B Corp and why should investors care?
Demi’s blog post on B Corps and being a certified B Corporation.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
KMD Brands (KMD) reports on a tough first-half year, but is ready to ride a wave of pent up demand. Elon Musk and Tesla (TSLA) open up a new "gigafactory" in Germany that could make up to 500,000 cars annually. Trustpower (TPW) joins forces with haeke’s Bay Airport to build its first solar power project.
Tune into Sharesie’s weekly webinar series Shared Lunch. This week’s episode sees BusinessDesk’s investment editor Frances Cook talking with Winton Land Limited CEO Chris Meehan. Register here to watch and listen live.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Russia’s invasion of Ukraine continues and Europe feels the impact with repercussions for supply chains; but some countries have been quick to strike up new deals to compensate. Warehouse Group Limited (WHS) releases its first-half year results with lockdowns closing stores and hitting profits. In the US the SEC proposes new rules that would force listed companies to include their greenhouse emissions and other climate change data in their publicly released financial information.
Tune into Sharesie’s weekly webinar series Shared Lunch. This week’s episode sees BusinessDesk’s investment editor Frances Cook talking with Winton Land Limited CEO Chris Meehan. Register here to watch and listen live.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Fonterra (FCG) says it will wrap up operations in Russia, including shutting down its Moscow office. General Motors (GM) buys even more shares of its autonomous car unit. Barrick Gold (GOLD) waives a $11 billion dollar award to get access to one of the world’s biggest deposits of gold and copper.
www.sharesies.com
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
After a small break we are back on Monday the 21st of March. We can't wait to get back on the Recap horse!
Alphabet’s (GOOG) Google announces its plans to acquire cybersecurity company Mandiant (MNDT). ASX companies are due to pay out an estimated AU$36 billion in dividends in coming months. NZX (NZX)’s CEO, Mark Peterson, joins us to chat about the company’s latest results and the company’s $44M capital raise.
Rights offer blog: https://www.sharesies.nz/learn/rights-offers-what-you-need-to-know
Shared Lunch with Mike Fuge, CEO Contact Energy: https://www.crowdcast.io/e/100322
www.sharesies.com
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The US has banned imports of oil and other energy products from Russia as the far reaching effects of the war in the Ukraine are starting to bite globally. In a symbolic move, iconic US brands suspend trading in Russia. Pacific Smiles Group (PSQ) provides an update on its performance for the financial year to date, reporting declines due to COVID-19.
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Countries that rely on Ukraine and Russia for key food goods could be left in the cold. A report by investment bank Citigroup suggests that achieving gender parity in business could boost GDP by as much as 2 trillion dollars. Reddit short squeeze favourite Ryan Cohen emerges as a new major shareholder for Bed, Bath & Beyond (BBB).
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Oil prices reach their highest peak since 2008 after the US suggests specific oil sanctions against Russia may be on their way. The joint takeover of AGL (AGL)bid by Mike Cannon Brookes and Brookfield is formally over after their latest bid was rejected by the AGL board. Honda and Sony (SONY) join forces to make a new company looking to design and market electric cars.
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The price of oil hits a 14 year high, but a small amount of certainty creeps back into markets. Costco (COST) sales jumped 11.1 percent from the same quarter last year. José talks to the head of the Financial Services Council, Richard Klipin, about what's been their advice to investors and clients worried about the uncertainty caused by the pandemic and the invasion of Ukraine.
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Federal Reserve Chair, Jerome Powell, reiterated the Fed’s plans to raise interest rates later this month, despite the uncertainty of the Ukraine crisis. Corporate Travel Management (CTD) gets the the signal to taxi to runway for its proposed acquisition of Helloworld Travel’s (HLO) business divisions. Ford (F) announces a historic reorganisation of its operations, splitting its gas and electric car making divisions into separate units.
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Apple (AAPL) and Boeing (BA) limit or restrict sales to Russia. Core Lithium (CXO) is to supply Tesla (TSLA) with 110,000 tonnes of lithium over four years. Target (TGT) made a profit of $1.5 billion, up 12% on the same period last year.
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The markets respond to another 24 hours of the Russia-Ukraine crisis and the US makes a show of support to Taiwan. Vista Group’s (VGL) revenue for the year came in at just over $98 million, which was 12% higher than the previous year. RocketLab (RKLB) sits on a $545 million USD contract backlog and records a net loss of $117 million US dollars for the 12 months ending December 2021.
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As the Russia-Ukraine conflict unfolds, markets brace themselves for an uncertain week ahead. Genesis Energy (GNE) records a boost in its half year profits, and also upgrades its guidance for its full financial year. Restaurant Brands (RBD) reports improvements in its financial results, despite COVID-19 disruptions.
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For Casual Friday this week we kick off with an update on the Russian invasion of Ukraine, how have markets reacted the intense geopolitical uncertainty and Alice talks to Greg Foran the CEO of Air NZ about the company's half year results released on Thursday.
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Air New Zealand (AIR) reports a significant financial loss in its half year results, driven by COVID-19. Qantas (QAN) reports that the Omicron outbreak is pushing back its recovery by six months. Sky Network Television (SKT) returns to revenue growth in its half year results, although reports a drop in profit.
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US President Joe Biden imposes economic sanctions on Russia, but why is the situation with Ukraine influencing markets? Spark (SPK) sees increases in almost all its key metrics in its first half year results. Even with Covid and supply chain impacts, Steel & Tube (STU) sees a lift In profit.
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Mercury’s (MCY) profit more than triples to $427 million, driven by the sale of its 20% ownership in Tilt Renewables. Coles (COL) costs are up, but its supermarkets and liquor businesses saw higher margins. PGG Wrightson’s (PGW) net profit jumps 32 per cent to $22.5 million.
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A2 Milk (ATM) said its revenue outlook for the six months through to the end of June had improved, but is not expected to translate into higher earnings. The AGL Energy (AGL) board said they rejected A $8 billion AUD offer on the grounds that it “materially undervalues the company”. Freightways (FRE) total revenue came in at $442 million for the six months to December 2021, up 8 percent compared to a year ago.
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Wesfarmers (WES) said that its retail businesses experienced extra costs of about $43 million due to Covid-19 related costs. After missing out four years ago, Sky Network Television Limited (SKT) has won back broadcast rights to the English Premier League. José talks to Betashares Chief Economist David Bassanese about Russia, Ukraine and why the brewing crisis has affected global markets.
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Hallenstein Glassons Holdings (HLG) advised today that all up it expects sales for the half year to be $170 million dollars, which would be a 6% decrease compared to the same period a year ago. Spotify (SPOT) has announced that they’ve bought two podcast technology companies: Podsights and Chartable. Nvidia’s (NVDA) revenue came in at a record $7.6 billion dollars for the quarter: up 53% year on year higher than the $7.4 billion analysts expected.
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Fletcher Building’s (FBU) net profit came in at $171 million dollars, up 41% from $121 million a year ago. Fortescue’s (FMG) underlying net profit for the half fell 32 percent to $2.78 billion dollars. Airbnb (ABNB) sayS revenue came in at $1.53 billion US dollars, higher than the $1.46 billion expected.
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Infratil (IFT) expects its EBITDAF for the financial year to be in the range of $500 to $520 million dollars. AMD (AMD) buys Xilinx (XLNX) for $50 billion USD, AMD Chief Executive Lisa Su to be CEO of the combined company. BHP (BHP) profits for the half year came in at $9.4 billion US dollars, which was up 144% on the same period a year earlier.
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The latest data from the US showed that US inflation was 7.5% for the year ending in January, which was its highest rate in about 40 years. More hydro generation, higher sales and fewer costs see Contact Energy (CEN) post a “solid financial performance”. Sky City Entertainment (SKC) reports significant impacts on its profit and earnings. The Crown Resorts Limited (CWN) board unanimously recommends a buyout by private equity firm Blackstone.
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Kathmandu Holdings Limited (KMD) says it expects unaudited total group sales for the first half of the financial year to be around $405 million dollars. Twitter (TWTR) announces a new $4 billion dollar share buyback program. José talks to independent economist Tony Alexander about his new monthly survey of investors called Investing Insights, which is available on the Sharesies website.
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Vulcan Steel Limited (VSL) reported revenue of $463 million NZ dollars, up 35% from the same period a year ago. Disney (DIS) sees growth in almost all metrics, but the pandemic impacts consumer products and TV and film production. Sanford (SAN) sales volumes were up 11% compared to the same period a year earlier.
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The FMA is to take two people to court over allegations of insider trading of Pushpay (PPH) shares, but is not investigating the company itself. Pfizer’s (PFE) quarterly report sees earnings better than expected, but revenue didn’t reach Wall Street estimates. Arm is to seek public listing after a $40 billion USD buyout by Nvidia (NVDA) collapses. Rumors abound that Amazon (AMZN) or (NKE) Nike are eying up buying Peloton (PTON).
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Bumble (BMBL) announces its buying French dating app Fruitz in the company’s first ever acquisition. Rumours are speculating that interactive fitness company Peloton (PTON) is generating takeover interest from several suitors, including Amazon (AMZN) and Nike (NKE). A flurry of energy-related news from NZ includes an update on Contact Energy’s (CEN) new geothermal station.
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Amazon (AMZN) sees growth in its cloud computing and advertising services. Snap (SNAP) makes a net profit of $23 million dollars for the quarter, compared to a $113 million loss a year earlier. José talks to Pie Fund CEO and founder Mike Taylor about increasing fuel prices and how the world will react over the next 12 months.
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Serko (SKO) issues a trading update revising its revenue guidance due to Omicron. Spotify (SPOT) CEO Daniel Ek responds to recent controversy by saying the company has much work to do. Meta (FB) sees its fourth quarter profit decline.
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The 9 months to December saw Mainfreight’s (MFT) revenue up 45% from $2.8 billion for the same period the previous year. General Motors (GM) records record earnings despite supply chain disruptions and pandemic issues. Alphabet (GOOGL) announces a 20-for-1 stock split and increases in earnings.
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New Zealand King Salmon (NZK) reports its earnings could be reduced by $4 to 5 million due to climate change. For the quarter to the end of December, ikeGPS (IKE) doubled its revenue compared with the same period a year earlier. Sony (SONY) to acquire video game company Bungie for $3.6 billion USD.
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The S&P 500 and Nasdaq Composite bounced back on Friday to wrap up a rollercoaster week for the US share market. Several artists are threatening to pull their content from Spotify (SPOT) amid controversy around the popular Joe Rogan podcast. Google’s parent company, Alphabet (GOOGL), announces its investing up to US$1 billion in Airtel, India’s second-largest telecommunications company.
Since the start of 2022, global markets have been experiencing a downward trend. This has got everyone talking about market volatility and “correction territory”. But what does this all mean? Why are markets reacting this way? And what does it mean for investors?
Join Sharesies' co-CEO Sonya Williams, business journalist Rod Oram and Devon Funds Management Head of Retail Greg Smith as they break down and explain the factors leading to the current dip and discuss ways investors can react.
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Synlait (SML) forecasts a 16 percent increase in farmer payouts. Apple (AAPL) sees all but one division report revenue growth. José talks to Brad Olsen (Principal Economist at Infometrics Limited) about this week’s Consumer Price Index report which sees New Zealand inflation at its highest since the 90s.
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The highly anticipated Federal Reserve announcement has come and gone and in its place left the surety that interest rates will go up. Restaurant Brands NZ releases its sales results for 2021.
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Johnson & Johnson (JNJ) sees sales growth across its pharmaceuticals and medical device businesses. Supply chain and inflation affect General Electric’s (GE) healthcare and wind generation wings. Microsoft (MSFT) increases revenue by 20 percent boosted by its PC and cloud businesses.
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As markets are rattled by inflation and interest rates, the Federal Reserve weighs its options with a statement to be released on Thursday morning. Fonterra (FCG) ups its forecasted milk price payout to farmers, but keeps an eye on rising costs. IBM (IBM) refocusing on its cloud business appears to have paid off with the company beating revenue expectations.
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An operational update EROAD (ERD) sees growth in the USA, but also pandemic related challenges. Fortescue (FMG) says it plans to buy Williams Advanced Engineering to help decarbonise its fleet. Peloton (PTON) is the target of another gentle ribbing by TV show while it considers layoffs.
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We’re kicking off the year with a panel discussion about the major themes and events that might affect share markets in 2022, including COVID, inflation and interest rates, and market volatility.
Sharesies' financial analyst Alice Rountree hosts a conversation with: Sharesies co-CEO Leighton Roberts; Victoria Harris, Portfolio Manager at Devon Funds and Founder of The Curve, and John Berry, co-founder and CEO of Pathfinder Asset Management.
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Alice delivers another market update as fears over inflation and rising interest rates continue to affect markets. My Food Bag (MFB) reaffirms its guidance, but warns inflation is pushing up costs. José talks to Dominique Lamb, the CEO of the National Retail Association, a not-for-profit union representing Australian retailers. Dominque provides a view from the ground on how COIVD-19 is affecting the bottom line of Aussie retailers, both listed and unlisted.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Autodesk (ADSK) snaps up Auckland based cloud company Moxion. Fourth quarter results for Santos (STO) show increased performance with strong commodity prices. Tech’s biggest ever deal may have consequences for Sony.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Tech companies have been pulling the US markets down, with the ASX and NZX following suit. Microsoft (MSFT) says it will take over Activision Blizzard (ATVI) in a record breaking deal. Seeka’s (SEK) shareholders vote yes to the company acquiring New Zealand Fruits in a deal worth $21 million NZD.
Sharesies’ 2022: Setting the Scene webinar goes live on Thursday the 20th at 12:15pm. Register here to find out what our experts think will be the major trends for 2022.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
ikeGPS (IKE) is given a contract extension which could generate over $4 million in revenue over the next year. Aussie retailers are reporting their COVID related woes, but JB HiFi’s (JBH) half year results are better than expected. Shipping costs, competition and demand play into Redbubble’s (RBL) latest business update.
Sharesies’ 2022: Setting the Scene webinar goes live on Thursday the 20th at 12:15pm. Register here to find out what our experts think will be the major trends for 2022.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Alice outlines how inflation and interest rate concerns in the US impact markets around the world. Wesfarmers’ (WES) half year result sees Covid affect its retail chains, but other parts of the conglomerate weather the storm. In the US a trio of banks (JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC)) kick off earnings season with mixed results.
Sharesies’ 2022: Setting the Scene webinar goes live on Thursday the 20th at 12:15pm. Register here to find out what our experts think will be the major trends for 2022.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
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2022 may very well be just a wild ride as 2021 was, potentially even more! So there's no better reason to resume your normal daily Recap listening regime.
Alice and José and the Sharesies team return on Monday the 17th of January. See you then!
Recap is made for you, by Sharesies.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
In the last episode of 2021 Alice and José look back at some of the most important stories of the year. They are joined by Gus Watson, the Head of Investments at Sharesies.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Electricity generator and retailer Trustpower (TPW) is a step closer to completing its $441M retail business sale to Mercury (MCY). Qantas (QAN) forecasts a potential $1.1 billion dollars earnings loss for the first half of 2022. US markets closed higher on Wednesday after the Federal Reserve’s latest meeting—what happened?
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Steel & Tube Holdings (STU) and Wellington Drive Technologies (WDT) update their earnings guidance. Toyota (TM), one of the world’s largest carmakers, announced that it’s investing billions of dollars into electric vehicles. Pfizer (PFE) says its antiviral pill to treat COVID-19 has been almost 90% effective in a clinical trial, and the company also announces an acquisition.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Air New Zealand (AIR) announces some changes to its support package with the NZ Government, including an additional $500M of available funding. Rocket Lab (RKLB) enters into an agreement to acquire SolAero Holdings, another space company, for US$80M. Peloton (PTON) hits back at its depiction in the ‘Sex and the City’ reboot. www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message. Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Roku (ROKU) and Google (GOOGL) agree over the streaming device company’s use of the YouTube app. Steel giant Posco finally makes an offer the Senex Energy (SXY) board can take to its shareholders. Ford’s (F) CEO, Jim Farley, said that the company plans to triple output of its Mustang Mach-e EV in 2023 to keep up with demand.
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Tourism Holdings (THL) and Apollo Tourism and Leisure (ATL) have entered into a conditional agreement to merge. Italian competition regulators say Amazon (AMZN) abuses its market dominance and must pay $1.8 billion NZD. Sarah Minhinnick, GM of Capital Markets at the NZX joins us to talk about the highlights of the year, the increase in direct listings (vs IPOs) and what’s next in 2022.
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Pfizer (PFE) and BioNTech (BNTX) say that preliminary data shows a third dose of their COVID-19 vaccine improves protection against Omicron. EBOS (EBO) Group inks a deal to acquire medical equipment distributor LifeHealthcare Cancer. Pacific Edge (PEB) signs its first commercial deal of scale in Australia.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Fletcher Building (FBU) plans to change how retirement villages are run. Qantas (QAN) and Australia Post work together to get everyone's gifts home by Christmas. Stellantis (STLA) unveils its plan for the future of how humans interact with their cars.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
It’s our 100th episode! Sky Network Television (SKT) provides significantly improved guidance for its 2022 financial year. Digital media company Buzzfeed (BZFD) lists on the Nasdaq. Plus, we’re joined by Sharesies’ co-founder and co-CEO Brooke Roberts to chat about Kiwis’ attitudes towards money.
Kiwis’ attitudes to financial wellbeing and investing in 2021
Sharesies on Instagram
Recap 100th episode Instagram Giveaway Terms and Conditions
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Dual-listed Vulcan Steel (VSL), the industrial product distributor, upgraded its earnings forecast in its trading update this morning. Chinese ride hailing giant Didi (DIDI) announced on Friday that it plans to delist from the New York Stock Exchange. Shares in e-signature software provider DocuSign (DOCU) fall after it said it expects slower growth for the final quarter of the year.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Grab (GRAB), the ride-hailing company, went public on Thursday in the largest US listing by a Southeast Asian company. Winton Property officially announced its plans to dual-list on the New Zealand and Australian stock exchanges before the end of the year. We chat to Greg Smith from Devon Funds about initial public offerings (IPOs) and what investors need to consider.
How (and why) does a company ‘go public’?
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Kiwi Property Group (KPG) and IKEA reach an agreement on the sale of land in Auckland. The Wesfarmer (WES) takeover of Australian Pharmaceutical Industries (API) is dealt a blow by interloper Woolworths (WOW). The 2021 guidance from General Motors (GM) is revised reflecting strong customer demand and weaker than expected supply issues.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Omicron continues to influence the market. Salesforce (CRM) mostly meets expectations in its third quarter earnings. A UK regulator orders Meta (FB) to sell off the recently purchased Giphy. Allbirds (BIRD) reports its first earnings report as a publicly listed company—we take a look at how the quarter went.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Share markets bounce back from Friday’s declines. NZME (NZM) announces it's acquired BusinessDesk, the premium business news offering, to help supercharge its growth. Rua Bioscience (RUA), the pharmaceuticals company, announces its plans to purchase Zalm Therapeutics, a New Zealand based medicinal cannabis company.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Sharemarkets around the world react to news of the Omicron Cvoid-19 variant. Me Today (MEE) announces share placement to help ease cashflow pressures caused by its honey business. Radius Care (OCA) blames higher labour costs and lockdowns on a lower half-year profit.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
EROAD (ERD) sees a net loss in the six months to September, but a new acquisition promises new opportunities. Green Cross Health (GXH), the healthcare provider, delivers a ‘positive’ first half performance for its financial year, reflecting increased activity across all of its divisions. This week the Reserve Bank increased the OCR and to unpack that decision we replay part of this week’s Lunch Money discussion with Kiwibank economist Mary Jo Vergara. The full episode in which she discusses how the New Zealand economy fared in 2021 is well worth your time.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
The medical equipment producer Fish & Paykel Healthcare (FPH) avoided expected drops in revenue and profit in their half year results. An independent reports outlines the “material shortcomings” of Westpac NZ’s (WBC) governance. Gap (GPS) is down $300 million in sales due to the ongoing supply chain disruptions.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
The latest Serko (SKO) results see a profit loss, but only due to planned spending. A federal jury finds CVS Health (CVS), Walgreens (WBA) and Walmart (WMT) had a role to play in America’s opioid crisis. Tesla (TSLA) primed to make a $1.06 billion dollar investment in it’s latest gigafactory.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
TradeWindow (TWL) sees its market capitalisation more than double a day after direct listing on the NZX. Arvida Group (ARV) profits push upwards, but the company warns of future possible inflation and labour costs. Zoom (ZM) results push past expected margins and report slowing growth.
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Lunch Money: TradeWindow's direct-listing on the NZX with COO Andrew Balgarnie
If you'd like to get in touch, for any reason at all, email recap@sharesies.co.nz or record a voice message: https://anchor.fm/sharesies2/message.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Kiwi Property Group (KPG) releases its interim half year results showing a net profit increase of 164 percent. The board of Refining NZ (NZR) confirms Marsden Point will be decommissioned next year and be moved to an import only model. Ford (F) and Rivian (RIVN) decide to drop plans to partner on a new EV.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
My Food Bag (MFB) delivers its first half year results with record earnings. E-commerce giant Alibaba’s (BABA) latest results miss expectations as the company faces slowing Chinese economic growth, a changing regulatory environment, and increased competition. US pharmacy chain CVS (CVS) plans to close 900 stores over three years.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Sanford’s (SAN) latest results are impacted for the second year in a row due to the pandemic disrupting the foodservice industry. AFT Pharmaceuticals (AFT) triples net profit in its half year financial results, with its eyes set on the US. Nvidia (NVDA) reports record revenue in what its CEO describes as an ‘outstanding’ quarter.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
An internal operations review finds Plexure’s (PX1) strategy to grow the company failed. Commonwealth Bank (CBA) releases its trading update for Q1 of the 2022 financial year. More scrutiny around Nvidia’s (NVDA) proposed takeover of Arm by UK regulators.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Napier Port (NPH) reveals its full year results sporting an increase in profit and staff bonuses. Swedish alt-milk producer Oatly Milk (OTLY) reports disruptions in supply and quality will impact its revenue. Hollywood producers such as Amazon, Netflix and Sony are no doubt relieved after a major crew union agrees to accept updated contracts, avoiding a strike.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Healthcare giant Johnson & Johnson (JNJ) announces it will split into two separate companies. Warby Parker (WRBY) reports revenue growth in its first lot of financials as a publicly-listed company. Good Spirits Hospitality (GSH) agrees to acquire Nourish Group—the owner of popular hospitality venues including Soul Bar & Bistro and Jervois Steak House.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
The Warehouse Group (TWG) is hit by lockdown disruptions, but online sales are up. Infratil (IFT) sees a record profit mainly on the back of the Tilt renewables stock sale. Tech commentator Peter Griffin talks to José about what else we’ve learnt about Meta (META) from the Facebook Papers.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
Rivian (RIVN) makes its debut on the NASDAQ stock exchange in what’s been reported as the largest IPO of the year. Disney (DIS) released its Q4 earnings surprising some Wall Street estimates. Xero (XRO) latest results show annualised monthly recurring revenue has surpassed $1 billion and the company also announces an acquisition.
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Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time. For specific advice, speak to a licensed financial advice provider
American conglomerate General Electric (GE) announces its plans to split into three separate companies. Unity Software (U) is to acquire Peter Jackson’s Weta Digital for NZ$2.3 billion. Coinbase (COIN) reports declining user numbers and trading volume in the cryptocurrency exchange’s latest results.
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In its latest trading update, Kathmandu (KMD) sheds some light on just how much COVID-19 lockdowns have been impacting business. Tesla’s (TSLA) share price falls after a Twitter poll run by Elon Musk votes in favour of the CEO selling 10% of his shares. Roblox’s (RBLX) latest quarterly results show the video game company’s revenue has doubled from a year ago.
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Trustpower (TPW) releases its half year results and advises that two out of three conditions for its sale to Mercury have been met. The Sydney Airport (SYD) board recommends its shareholders accept a takeover bid by an investor consortium. Pfizer’s (PFE) share price jumps after it announces the results of a clinical trial with an antiviral pill used to treat COVID-19.
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Moderna’s (MRNA) share price tumbles after its latest results miss expectations. Uber (UBER) pulls up with a loss for the quarter, although says it’s continuing to recover from the pandemic. We’re joined by Associate Professor Sara Walton from the University of Otago to discuss what on earth is COP26, and why business needs to take it seriously.
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Vulcan Steel (VSL) lists on both the NZX and the ASX. Allbirds (BIRD) opens on the NASDAQ almost doubling its share price on closing. Z Energy (ZEL) half year results sees it back in black.
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Pfizer (PFE) more than doubles its revenues from this time a year ago, thanks to its COVID-19 vaccine. Packaging company Amcor (AMCR) battles with supply chain disruptions. Estée Lauder Companies (EL) reports net sales grew in every region and product category in its latest financials, as shoppers return to stores.
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Rivian Automotive, the American electric vehicle manufacturer, reveals more details about its planned initial public offering. Oil and gas giant Santos (STO) announces a project to capture and store carbon. Coca-Cola (KO) announced its acquiring premium sports beverage brand BodyArmour, the company’s largest brand acquisition to date.
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Westpac Banking Corporation (WBC) more than doubles its full year profit, with the NZ business bringing in NZ$1.0 billion. AusNet Services (AST) agrees to a takeover offer from Brookfield Asset Management. ArborGen (ARB), the global commercial supplier of tree seedlings, is selling its Australia and New Zealand businesses.
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Amazon (AMZN) releases its latest results, which have been hit by the global supply chain disruptions and labour shortages. Apple (AAPL) misses expectations in its latest earnings report, but reports revenue growth across all product categories. Facebook (FB) announces a name change to better reflect the company’s growing focus on virtual and augmented reality technologies, including the metaverse.
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One of Australia and New Zealand’s biggest banks, ANZ (ANZ), reports growth in its full-year profits, driven by economic recoveries and the NZ housing market. Both General Motors (GM) and Ford (F) experience declines in their latest earnings results, driven by the global semiconductor shortage. Shares in The a2 Milk Company (ATM) fell yesterday after it said there hasn’t seen any material change to its position since August
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Aroa Biosurgery (ARX) doubles its revenue year-on-year and upgrades its guidance in the company’s latest update. Google-parent Alphabet’s (GOOG) latest earnings report shows Google grew its advertising revenues 43% year-on-year. Advanced Micro Devices (AMD) has a record quarter as it benefits from strong demand for its computer processors.
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Tech giant Facebook (FB) releases its latest financials amid the latest leak of internal documents from the company. Tesla’s (TSLA) share price increases, with the company hitting a US$1 trillion valuation, at news of a vehicle order. Volpara Health Technologies (VHT) reports a record result in its latest quarterly update.
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Seeka Ltd (SEK) upgrades its guidance for the 2021 financial year and looks ahead to a legal settlement with the Crown. Snap Inc (SNAP) misses revenue expectations in its latest quarterly results. Earlier this week, the first bitcoin-linked exchange traded fund in the US began trading on the New York Stock Exchange—we look at what the fund is, and why it’s making headlines.
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New Zealand and the UK have today announced a free trade agreement, estimated to add $970M to New Zealand’s economy. Robotic and automation solutions company Scott Technology (SCT) releases its full-year financial results. Tesla’s (TSLA) third quarter earnings results reported record revenue, despite semiconductor shortages creating widespread issues for car manufacturers.
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TruScreen (TRU) announces milestones achieved on its growth strategy, and a recent study highlights the efficacy of TruScreen’s cancer screening technology. The Flight Centre (FLT) AGM saw the travel agency looking ahead to the opening of borders and an increase in bookings. Netflix (NFLX) releases its latest earnings, beating subscriber growth expectations, while Squid Game has become its biggest TV show to date.
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Lower demand for steel from China sees BHP Group ltd (BHP) produce less iron ore. Apple (AAPL) reverses unpopular design features with its new McBook lineup. Fletcher Building Limited (FBU) says it expects trading conditions to remain the same.
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T&G Global (TGG) gives an update on its earnings forecast, citing shipping delays and Covid-19 challenges. TV and film producers in the US reach a deal with the IASTE labour union (International Association of Theatrical Stage Employees), avoiding a industry wide work stoppage. Buy now, pay later provider Zip Co (Z1P) reports record results in its latest quarterly update.
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The a2 Milk Company’s (ATM) share price has risen around 11% this week—we explain why. Gitlab (GTLB) goes public and exceeds IPO expectations. Jenée Tibshraeny from interest.co.nz joins Recap for a look back at the OCR increase last week and at the recent opening of the Government's books.
Super Saturday: how and where to book your vaccination
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Greenfern Industries is lined up to be the latest addition to the New Zealand Stock Exchange, due to list on 21 October 2021. Global supply chain challenges continue, although US President Joe Biden has outlined his plan to help alleviate the pressure for the US. South32 (S32) buys a 45% share of a copper mine in Chile in anticipation of increasing demand for the metal.
How (and why) does a company ‘go public’?
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Vital Healthcare Property Trust (VHP) wants $140 million to purchase an Adelaide cancer centre. Rocket Lab (RKLB) seeks to become an end to end space company after purchasing a space flight software firm. General Motors (GM) receives back most of the cost of its Chevrolet Bolt recall from LG Electronics Inc.
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Air New Zealand (AIR) is set to receive up to a further $170M in support from the New Zealand Government to keep air freight moving. Westpac Banking Corporation (WBC) said it’s set to take a $1.3 billion hit to profit ahead of its full year results, due 1 November. Rocket Lab (RKLB) is ready to resume launches after Covid-19 delays.
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Retirement village operator Summerset (SUM) releases its “strong” third quarter sales results, while other aged-care provider Radius Residential Care (RAD) announces an acquisition. Facebook (FB) responds to a week of revelations from the Facebook Files whistleblower by introducing new controls and safeguards for teenagers on its platforms. Z Energy’s (ZEL) Board of Directors recommends the go-ahead with Ampol (ALD) takeover deal.
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Lawmakers in the US reach a deal over the debt ceiling crisis, but is it kicking the can down the road? Levi Strauss & Co (LEVI) says its diversified manufacturing base has helped the company with supply chain issues during the quarter, meanwhile, baggy jeans are back. Auckland University’s Prof. Tava Olsen explains why the global supply chain is experiencing massive disruptions and if an end is in sight.
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Aroa Biosecurity (ARX) reveals preliminary sales revenue figures for the six months to September. The latest drama in the bidding war over Australian Pharmaceuticals Industries Ltd (API). Target (TGT) partners with two buy now pay later companies.
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Interest rates are set to rise after the Reserve Bank of New Zealand increases the Official Cash Rate for the first time in seven years. a2 Milk Company (ATM) is hit with a class action lawsuit from an Australian law firm on behalf of investors. The whistleblower making allegations against social media giant Facebook (FB) testifies to a Senate panel.
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Social media giant Facebook (FB) wiped billions off its market value after an outage affected its Facebook, Instagram and Whatsapp platforms. NZME (NZM) updates its full year expectations as covid restrictions persist. Volpara Health Technologies (VHT) signs its highest-value customer contract to date, while ikeGPS (IKE) announces a contract extension win.
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Merck (MRK) says it’s new pill reduces the number of hospitalisations and deaths in Covid patients by half. A new deal sees Infratil (IFT) buy up Auckland Radiology, adding to its stack of healthcare acquisitions. Tesla (TSLA) quarter results see the company beating expectations for car deliveries.
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Zoom (ZOOM) and Five9’s (FIVN) US$14.7 billion deal is abandoned after FIVN shareholders fail to approve the deal. Cannasouth (CBD) falls short of its target in its latest capital raise. We’re joined by Paul Brownsey, Chief Investment Officer at Pathfinder Asset Management to chat about the latest and his take on the Evergrande situation.
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New Zealand King Salmon (NZK) casts its half-year results, pulling in a loss for the first six months of the year. Fashion retailer Hallenstein Glasson Holdings (HGL) bounces back from the 2020 lockdowns in its latest financials, although warns this round of restrictions will impact profit. We break down what on earth is going on with the US debt ceiling, and why it’s in all the headlines.
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The Warehouse Group (WHS) posts a record profit in its full-year financial results after a jump in sales. Amazon (AMZN) holds its annual launch event and reveals new products, including its very own home robot called Astro. Hair-care company Olaplex is set to list on the NASDAQ exchange later this week under the ticker code OLPX.
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Rua Bioscience (RUA) achieves a “significant milestone” that allows the company to start producing its first medicinal cannabis product. Ford (F) is making its largest single manufacturing investment in the history of the company. Sigma Healthcare (SIG) goes up against Wesfarmers (WES) in the bid for Australian Pharmaceutical Industries (API).
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Synlait Milk’s (SML) posts its largest ever financial loss, although turns over a new leaf saying “today marks the start of a new chapter.” Tesla’s (TSLA) CEO Elon Musk confirms continuing investment in China and sees an end to the semiconductor shortage. Costco Wholesale Corp (COST) grapples with a resurgence in panic buying and supply chain challenges.
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Nike’s (NKE) production delays and supply chain issues cause the athletic apparel maker to lower its sales forecasts. Me Today’s (MEE) been a busy bee, as the health and wellness company gives an update on its business and its acquisition of King Honey. We’re joined by Sonya from Girls That Invest for a general overview of oat milk - the latest millennial craze - and its biggest entity: Oatly (OTLY).
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Cancer-diagnostics company Pacific Edge (PEB) lists on the Australian Securities Exchange (ASX), as well as announcing a capital raise. Dairy giant Fonterra (FSF) releases its full-year results, impacted by high milk prices. Netflix (NFLX) announces it’s acquiring the company of children’s author Roald Dahl. Also we have updates on the Federal Reserve's announcement and Coinbase's dealings with the SEC.
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Markets await the Federal Reserve’s latest policy announcement, due tomorrow morning (NZT). Brookfield Asset Management (BAM) and APA Group (APA) are in a bidding war over Ausnet Services (AST). FedEx’s (FDX) profit falls as it faces pandemic-driven labour shortages and global supply chain issues. Insurance company Tower (TWR) downgrades its earnings guidance.
Following stock markets taking a tumble, we dig deep into what’s happening with China’s Evergrande Group. Kathmandu’s (KMD) profit leaps to $63M, although the company warns of lockdown impacts. In a turn of events, Stride Property (SPG) cancels its plans to take Fabric Property public.
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Manchester United’s (MANU) full year results show a fall in revenue. Resource consent is granted for Summerset Group’s (SUM) new retirement village in the Waikato. Royal Dutch Shell (RDS.A) looks ahead to cutting emissions by investing in low carbon aviation fuel.
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The impact on Air NZ (AIR) of the lockdown and the continuing pause on the travel bubble is revealed. Philip Morris International’s (PM) takeover of Vectura, a respiratory medicine company, is labelled “perverse”. Canva garners a $40 billion USD valuation, but what exactly is a unicorn?
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Australian Pharmaceutical Industries Ltd (API) recommends its shareholders approve a revised takeover bid from Wesfarmers Ltd (WES). UBCO wants to raise $40 million dollars, opening a way to listing on the Nasdaq. Pfizer (PFE) says its data from Israel shows a third vaccine shot restores the vaccine’s efficacy.
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The executive director of Uniti Group Limited (UWL) faces allegations he was involved in insider trading. Apple (AAPL) releases its latest doodads into the world including new versions of the iPad, iPhone and Apple Watch. The Amsterdam District Court rules Uber (UBER) drivers are employees, not independent contractors.
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Briscoes Group Limited (BGP) reports a half-year net profit increase of 70 percent. Air New Zealand (AIR) says it wants electric planes on its fleet by 2030. A deal between Westpac (WBC) and Kina Securities (KSL) is rejected by the ICCC (Independent Consumer and Competition Commission).
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The latest bid in a long running takeover saga brings Sydney Airport (SYD) closer to being sold. The ACCC (Australian Competition and Consumer Commission) denies approval for a deal between Qantas (QAN) and Japan Airlines. Stride Property Group (SPL) announces a planned demerger and NZX listing of Fabric Property Limited. www.sharesies.com
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Facebook (FB) is on a quest to make smart glasses fashionable. Coinbase (COIN) receives a warning from the SEC. Affirm's (AFRM) quarterly earnings are in and it's showing record revenue growth.
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Rocket Lab (RKLB) outlines its first earnings posting since going public. Disney’s (DIS) new Marvel blockbuster restores the gleam in the eyes of Sony (SNE) and IMAX (IMAX) et al. Profit and revenue numbers for Lulumemon (LULU) beat Wall St expectations.
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Synlait Milk (SML) announces it could be cutting 15% of its workforce in a proposal to shake up its organisational structure. Microsoft (MSFT) is acquiring Clipchamp, a video-editing start-up from Australia. A US judge rules that Boeing (BA) shareholders can proceed with claims against BA’s directors related to the 737 MAX crashes.
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Aussie Broadband (ABB) requests a trading halt ahead of a potential capital raise. A swath of companies including Rio Tinto (RIO) and Alcoa (AA) are left holding their breath after a military coup in Guinea. Boeing (BA) and Ryanair finish up negotiations over a new plane purchase.
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a2 Milk (ATM,A2M) removed from the S&P ASX 50 index. Comvita (CVT) announces a new partnership with celebrity brand incubator Caravan. Walmart (WMT) increases the hourly rate for some of its workers by $1.
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New proposed legislation in Australia edges closer to kickstarting an offshore wind electricity generation industry. General Motors (GM) and Ford (F) are just the latest automobile companies hit by the global semiconductor shortage. Facebook’s (FB) Whatsapp says a hefty fine for violating data protection rules in the EU is “disproportionate”.
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The Plexure (PX1) capital raise to fund its acquisition of TASK meets its first milestone. The semiconductor shortage causes more problems for Tesla (TSLA) pushing back the delivery of its new, apparently floating, sports car. The increase in online shopping sees Walmart (WMT) on a major tech and recruitment drive to improve fulfillment.
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Sustainable footwear maker Allbirds is planning to list on the NASDAQ stock exchange. Zoom’s (ZM) share price falls as its pandemic-driven growth slows down. Forbidden Foods (FFF) inks two year deal to distribute baby food in China.
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The dominance of Apple (AAPL) and Google (GOOGL) is potentially threatened by looming legal reform in South Korea. WWE (WWE) lands a superslam of a deal with Fox (FOX), but a competitor is waiting, brandishing a fold up-chair. After a record year of profit, Harvey Norman (HVN) reveals it’s paid back Australian Government wage subsidies .
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Rua Bioscience (RUA) and Cannasouth (CBD) post their full and half year financials. BWX Ltd (BWX) buys a majority stake in Zoë Foster Blake’s skincare brand for $89m. Fortescue Metals Group (FMG) returns record profits and an increased dividend for its shareholders.
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We’re joined by Sharesies’ Head of Finance Erin Moriarty who checks back in with Rocket Lab (RKLB) after the space company went public earlier this week. Hand sanitiser company Zoono Group (ZNO) is hit by Covid stockpiling. Gap Inc.’s (GPS) bottom line is helped as more and more stores reopen and a new acquisition is announced.
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Air New Zealand (AIR) full-year results reflect the reality of the pandemic and border restrictions, although domestic travel rebounds. Qantas Airways (QAN) makes a AU$2.3 billion loss in trading conditions its CEO describes as “diabolical.” a2 Milk Company’s (ATM) profit plummets in what has been a “challenging year” of uncertainty and volatility.
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Sky Network Television (SKT) beats its own profit guidance in its latest financials, and expects to grow revenues for the first time since 2016. Buy Now Pay Later companies Afterpay (APT) and Zip (Z1P) both record losses in the hunt for new business. In the same week as Rocket Lab’s (RKLB) stock market debut, another space company announces its plans to go public.
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Seek (SEK), the online employment marketplace provider, turns last year’s pandemic affected loss into a profit. NZME (NZM) releases its half year financials, also announcing it’s selling GrabOne and paying dividends again. Pfizer (PFE) announces a multi-billion dollar deal to acquire cancer drug developer Trillium Therapeutics (TRIL).
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Rocket Lab’s officially going public on the NASDAQ stock exchange, after Vector Acquisition Corporation (VACQ) shareholders voted in approval of its merger. Sonic Healthcare (SHL) reports a increase in net profit due to its role in processing PCR tests. Z Energy (ZEL) receives a takeover offer from Australian fuel retailer and distributor, Ampol (ALD).
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Westpac Banking Corporation’s (WBC) plans for peer-to-peer payments through its Red Bird Ventures subsidiary. The Reserve Bank of New Zealand kept the Official Cash Rate at 0.25% on Wednesday due to Covid-19 lockdowns. Three former Netflix (NFLX) employees have been charged with participating in a multi million dollar insider trading scheme.
Auckland International Airport (AIA) makes a full-year underlying loss for the first time in its history, as international passenger volumes fall 93%; Australian power and gas supplier Origin Energy (ORG) reports a multi-billion dollar loss; Nvidia’s (NVDA) second quarter earnings beat analysts’ expectations.
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Zoe Wallis, chief economist for Deloitte NZ on the OCR and what it means
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Telecommunications company Spark New Zealand (SPK) reports a drop in full-year profit, citing border closures; Construction and building materials company Fletcher Building (FBU) beats guidance, turning last year’s loss into a profit this year; Australia’s BHP Group (BHP) and Woodside Petroleum (WPL) in talks to “create the largest energy company listed on the ASX.”
Also today, the Reserve Bank of New Zealand announced it’s keeping the Official Cash Rate flat at 0.25%. Tomorrow on Sharesies’ Lunch Money, we’ll unpack this announcement further with Zoe Wallis, Chief Economist at Deloitte New Zealand. You can either register to watch live here, subscribe to the podcast version or watch on YouTube later that afternoon.
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Rural services company PGG Wrightson (PGW) reports growth in its full-year results in line with earlier guidance. A dry year for electricity generator-retailer Mercury (MCY) contributes to a fall in profit. Pfizer (PFE) and BioNTech (BNTX) submit data to the US Food and Drug Administration, seeking approval for a Covid-19 booster shot for the US general population.
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Contact Energy (CEN) records an almost 50% increase in profit. Plexure Group (PX1) enters into a binding agreement to acquire transaction management firm TASK. Peloton Interactive (PTON) is facing a lawsuit from disgruntled subscribers who say they were overcharged.
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Air New Zealand’s (AIR) pushes back capital raise plans due to an uncertain outlook. Amazon (AMZN) pulls Lord of the Rings filming from New Zealand and moves it to the UK. The Financial Markets Authority (FMA) accuses New Talisman Gold Mines’ (NTL) CEO of manipulating the market.
NIO Inc (NIO) releases its Q2 results, and announces it's aiming to deliver three new car models in 2022. Contact (CEN) and Genesis (GNE) announce a renewable electricity agreement. Duolingo (DUOL) reports its first earnings announcement since listing on the NASDAQ stock exchange last month.
What's an ADR?
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Commonwealth Bank of Australia (CBA) announces a record share buyback alongside its financial results. Trustpower (TPW) unveils a new name, pending the sale of its retail business to Mercury (MCY). ikeGPS (IKE) successfully raises NZ$19.2M so far for its future plans.
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Laybuy (LBY) announces it’s signed on more UK businesses, and has now partnered with more than 10,000 merchants worldwide. James Hardie's (JHX) Q1 financials see growth in sales and a revised profit forecast. National Australia Bank (NAB) has entered into an agreement to acquire Citigroup’s (C) Australian consumer business.
Laybuy co-founder Gary Rohloff on Lunch Money
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Suncorp (SUN) releases its annual results for the year ended 30 June 2021. ikeGPS Group (IKE) requests a trading halt to complete a share placement. The Securities and Exchange Commission (SEC) in the US has approved a proposal to increase board diversity of companies listed on the Nasdaq.
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Refining NZ’s (NZR) shareholders have had their say on the future of the Marsden Point Refinery and by extension the future of NZ’s fuel and petrol supply. Briscoes (BGP) releases its sales reports. Beyond Meat (BYND) has its second quarter results at the ready.
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T&G Global’s (TGG) half yearly results features several disruptions in supply and labour. Product recalls and semiconductor shortages impact General Motors' (GM) Q2 financials. A deal with a French private equity firm sees PepsiCo (PEP) shake off its juice businesses.
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Air New Zealand (AIR)’s latest business update offers a look at the impact of the current eight-week suspension of quarantine-free trans-Tasman travel. Serko (SKO) follows with its own update charting Covid-19 disruptions. Foot Locker (FL) looks to acquire two new businesses in the States and Japan.
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Two of Australia’s largest energy companies, Santos (STO) and Oil Search (OSH), agree on the terms of a merger proposal. Crown Resorts’ (CWN) Melbourne CEO announces he will step down, while a new regulator division will monitor CWN. The parent company of Michael Kors, Versace and Jimmy Choo releases its Q1 earnings results.
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Square (SQ) buys its way into the BNPL sector by acquiring Afterpay (APT). Genesis Energy (GNE) is pinged in binding arbitration over carbon credit liability. Dole Food Inc. is publicly listed for the third time and merges with Total Produce to create Dole PLC (DOLE).
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Rounding out the week, Restaurant Brands New Zealand (RBD) sees an increase in its second quarter sales. Amazon (AMZN) reports revenue growth, but misses analysts’ expectations in its latest earnings announcement. Carpet company Cavalier Corporation (CAV) rebuts a legal threat from competitor Godfrey Hirst.
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Pacific Edge (PEB) gives an update on Q1, reporting growth in sales for its Cxbladder tests. Facebook (FB) releases its latest earnings and gives insight on the company’s future. Wesfarmers’ (WES) takeover bid gets rejected by Australian Pharmaceutical Industries (API).
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Pacific Edge CEO David Darling on Lunch Money
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Big tech companies Apple (AAPL), Google’s parent Alphabet (GOOGL) and Microsoft (MSFT) report growth in their latest quarterly results. Fiji Kava (FIJ) announces its entered into a partnership with Chemist Warehouse.
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IkeGPS (IKE) reports quarterly performance results and new contract wins. Westpac gives an update on the sale of its Pacific businesses. The US’s big week of earnings results continues with Tesla reporting growth, but also a Bitcoin-related impairment.
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Rakon (RAK) confirms Siward Crystal Technology Co., Limited (Siward) made a off market sell down of shares. Crocs (CROX) advises of a record second quarter earnings result driven by celebrities and lockdowns. Twitter (TWTR) reports their fastest revenue growth since 2014. Recap is made for you, by Sharesies. www.sharesies.com For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money. Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
Meridian Energy (MEL) and Contact Energy (CEN), two of New Zealand's largest electricity generators, seek partners to develop a green hydrogen power plant in Southland. ASX-listed mining company BHP Group (BHP) announces a nickel supply agreement with Tesla (TSLA). Johnson & Johnson (JNJ) releases its second quarter earnings.
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Agricultural company PGG Wrightson (PGW) provides a guidance update expecting its full year (to June) operating EBITDA to be around $56 million. Afterpay (APT) announces Money by Afterpay, their new banking app. Netflix (NFLX) releases its second quarter earnings, and confirms rumours of expanding into gaming.
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Share markets fall in response to the rise of the delta variant of COVID-19. Zoom (ZM), the video-conferencing platform, announces the acquisition of Five9. IBM (IBM) announces its second quarterly earnings, including spending $1.7 billion in acquisitions. JB Hi-Fi (JBH) releases an update on its financial results for the year ended 30 June 2021.
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F45 Training Holdings (FXLV), the international fitness franchise, has gone public via an initial public offering (IPO) on the New York Stock Exchange. Z Energy (ZEL), the dual-listed fuel distributor, releases their quarterly operating data. S&P Global (SPGI) announces that pharmaceutical and biotechnology company Moderna (MRNA) is being added to the S&P 500 index.
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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: https://www.sharesies.nz/lunch-money
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.
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Recap is made for you, by Sharesies.
For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update.
Investing involves risk. You aren’t guaranteed to make money, and you might lose the money you start with. We don’t provide personalised advice or recommendations. Any information we provide is general only and current at the time.