Further Market Update
28 January 2022
Further Market Update
On 20 December 2021 Allied Farmers Limited (“Allied Farmers” NZX: ALF) announced that its forecast net profit before tax (NPBT) for the interim period ending 31 December 2021 (HY22) would be in a range of $1.0m to $1.2m.
Allied Farmers has increased its forecast HY22 NPBT range to $1.2m to $1.4m. This increase is a result of Allied Farmers subsidiary, Farmers Meat Export Ltd’s (FMEL), HY22 pre-tax contribution increasing by approximately $200,000 due to the sale in late December 2021 of inventory that was expected to be sold in the second half of FY22.
Because this inventory would have sold in the second half of FY22, there is no impact on the expected full year contribution from FMEL.
The following table summarises the updated pre-tax contribution over the previous interim periods from Allied Farmers’ investments:
[See table in accompanying PDF]
Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.
The serial entrepreneur kept a financial and personal stake in the company, even after its IPO last year.
New Image delisted from the New Zealand Stock Exchange in May 2013 after its major shareholder gained control.
The cabin redesign's focus on sustainability lowers operating costs for the airline and gives it a unique selling point.
Agriculture minister Damien O’Connor has acknowledged the fund investors may feel “unfairly prejudiced” and failure to buy them out could hurt NZ’s investment climate.
A new carbon trading platform aims to bring retail investors and landowners into the carbon market while increasing biodiversity and cutting emissions.
All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.
The zero-brokerage fee share trading platform is looking for ways to bring in revenue and make its business model more sustainable.
Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.
Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.
Trading volumes were unusually light, with US markets closed tonight for a national holiday.
The shareholder representatives say the Fletcher board must bear ultimate responsibility for the company’s poor performance and the Gib plasterboard shortage.
NZME has only spent $5.3m of the $30m set aside for share buybacks.
Are banks being too slow to raise term deposit rates? Some analysts say yes.