Analysts upgrade Stride on developed management strategy

Jenny Ruth
Tue, 30 Jun 2020

Jenny Ruth
Tue, 30 Jun 2020

Stride's Meridian building in Wellington

Analysts reacted to Stride Property Group's annual results, post-balance date developments and flagging share price by upgrading their recommendations to various euphemisms of "buy." On the day the results were released last week, Stride's stapled securities were trading at $1.68, a 12 percent discount on net tangible assets, and they have since recovered to $1.77. Pre-covid, the shares had typically traded at a premium to NTA, notwithstanding that its directly held properties are now heavily skewed towards shopping centres at 62 percent...
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

MARKET OPEN: Wall St rally runs out of steam as US-China tensions mount
Paul McBeth | Tue, 14 Jul 2020

New Zealand’s stock market may be in for a soft day after a rally on Wall Street ran out of steam as the US and China traded barbs, reminding investors of the volatile relationship between the world’s...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.