Property- Boom or Bust?

Property- Boom or Bust?

Bank stocks suffered significant losses yesterday with the major four down between 2.8% to 3.9%. The financial sector has been one of the worst performing sectors this year as fear of a property market crash and bank regulation and scandals plague share p

Takeovers Continue

Takeovers Continue

The oil price remains around US$30 a barrel and has fallen significantly in recent times, although the implications of this are not all negative. Lower oil prices benefit a number of businesses, and at the same time lower oil prices are stimulatory for th

Bouncing BHP

Bouncing BHP

Overnight also saw mining giant Anglo America cut its iron ore production, which is a significant positive for the Australian majors BHP and Rio Tinto, in our view.

Diligent Deal

Diligent Deal

This week it was announced that US based Insight Venture Partners has launched a takeover bid for Diligent Corporation (DIL). If approved, Diligent shareholders will receive NZ$7.39 (US$4.90) in cash for each share – a 31% premium over Diligent's closing

Beefed Up

Beefed Up

Recent data from Meat & Livestock Australia shows beef sales to China surged six-fold in three years to a record AU$917 million in 2015 and highlights our “dining boom” investment theme. One of our key agricultural portfolio holdings is Elders (ELD.AX) wh

Resources Rally, Dollar Drops

Resources Rally, Dollar Drops

Over the last few days both the Australian dollar and NZ dollar have made significant gains against the US dollar, up to US$0.72 and US$0.67 as the US dollar has fallen across the board.

RBA to Stay at 2.00%

RBA to Stay at 2.00%

The Reserve Bank of Australia (RBA) makes its first interest rate decision of the year, and we believe the RBA will keep the cash rate at 2.00%. It appears that interest rate cuts from the RBA are finally starting to take effect on the wider economy. This

Oil, Cheaper than KFC?

Oil, Cheaper than KFC?

While investor sentiment appears to remain fragile, it seems as though the worst of the market sell-off may now be behind us. Oil has bounced off recent lows, however it still trades at US$33 a barrel, well down from its 2014 peak of U$115 and in today’s

M2 Muscles Ahead on Merger +32%

M2 Muscles Ahead on Merger +32%

Fonterra cut its forecast milk pay-out to NZ farmers yesterday and M2 Group (MTU.AX) shares continued to rally as shareholders voted in favour of its proposed merger.

RBNZ On Hold. More Cuts to Come?

RBNZ On Hold. More Cuts to Come?

This morning the RBNZ left interest rates on hold, however Governor Wheeler was more downbeat than at last year’s meeting. This saw the NZ dollar fall across the board and is currently trading at $0.64 against the US dollar.