2024 NZX Stock Picking Comp

[ronaldson]

Tough week just done, -1.54% and the YTD index now -0.14% overall. No wonder sharetrader competition entrants are struggling, with only 36 in positive territory and 122 negative, with those in the proper red numbers dominant by far.

Last week I said not many of us look likely to be hired by a fund manager any time soon, so let us see how the five "professionals" are doing currently. Nikko Asset Management are out in front +1.40% and in 30th place, and its hard to criticise Hamilton Hinden Green in 41st at -0.37% in the circumstances. More joy thou that Forsyth Barr are 54th at -3.57%, with Devon Funds lagging further in 63rd (albeit still above average out of 158) at -5.29%. Black Bull Research are tail end charlie in 96th and -11.57%. Maybe those in the Top 10 could consider submitting their CV's to BBR shortly, as there could be some analyst vacancies coming up?

jbmurc and THE STG have been lurking close to the action and this week has seen them enter the elite Top 10, while gerald, in 4th place, gets a mention for outstanding achievement given one of his picks is SML at -51.58% yet he is still +7.40% overall. That just shows no one is really out of it until the fat lady sings!

Gold medal goes to Neophyte surging 41 places, with Jeffw getting an honourable mention up 31 places. fiasco has lived up to his/her chosen name by bagging the dreaded woodenspoon, down 38 places, with Tim Nice but Dim who has bounced around both up and down, recognised this time as runnerup down 33 on the ladder.

I noticed the RV sector didn't do well this time so commiserations to those who picked one or more in 2024. Even worse for those who hold in their actual portfolios. Did anyone really believe RYM could fall to $3.67? And when will OCA reward those who have suffered the pain? And could RAK be hiding in the bushes? Check out the on-market price action today.