Well the Trumpet has had no effect on the NZX today, people just ignoring the instrument blowing out the same old sound.
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Well the Trumpet has had no effect on the NZX today, people just ignoring the instrument blowing out the same old sound.
The Overseas Investment Office has signed off on two deals involving public market transactions that have yet to be announced
http://www.sharechat.co.nz/article/5...companies.html
interesting im thinking PGW AND TGH ? anyone else got some guesses?
NZX50 is up just under 3% this year at this point (5 full months into the year)
Interesting when you look at the index itself and its easy to see why the performance has been tepid so far https://www.nzx.com/announcements/318808
Factors that point to the index continuing this trend:
- Electricity related companies currently being reviewed by the government for perceived lack of competition in pricing. This is going to last 18 months so strap yourself in. I see this as a political weapon for the government in the next election hence the drawn out process.
- Banking sector being put under a microscope in the short term here and across the ditch.
- Overpriced companies such as AIA, FPH, RBD, EBO to name a few. All excellent companies that many investors could want but a tough pill to buy at these prices.
- Poorly run companies or companies in sunset industries eg. FBU and SKT
- Greater volatility on the world stage
Annualised, we are still due a 6-7% increase from this stage but looking at that list its hard to find winners from that list that you can confidently go on (SUM doing better than others). Take out ATM and we aren't up at all really. This value investor is finding it hard to park money anywhere domestically at the moment.
Agree with you but if you look at IFT they have good forward looking growth schemes. You have left out that environmental concerns will affect diary farming going forward so I do NOT like Fonterra , SML, or ATM . If you look around a lot of diary factory assets are / have been built. The raw product probably won't be available for them.
NZX50 be over 9,000 sometime this week
And then heading to 10,000
Cool eh
as J Ryder...recently said...."dance near the door".I believe I am correct but if not I apologize.