Balance
You Forgot their biggest asset H M Y !! they really bucked the trend not
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There's actually quite a few NZ companies that have done well in Aus. Add to your list:
Vital healthcare
Xero
Meridian Energy (several times)
Trustpower / Tilt Renewables
Auckland Airport
Tourism Holdings
Gentrack & Eroad both sold well into Aus
Too early to know:
Ryman
Seeka
Heartland
The key to sucess in Aussie is to go into one state or market first and make it work. Kiwis forget that Australia is far bigger and more diverse than we are.
Bold headlines in SMH
NAB earnings tumble, warns arrears are growing
Hope HGH OK but possibly adds to the poor sector sentiment these daya
Results announced tomorrow morning. The market is expecting to be sucking a lemon if today's SP action is any guide. Down 11c to $1.15 as I write.
Almost a certainty that NO DIVIDEND ....rest will know tmrw ...so much for a good yield stock !!!
Between this and OCA I am getting slammed. Feeling like a possum in the headlights!