Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.
WHAT THE NZX50 IS DOING
The NZX50 starts the week down -0.5%. Over the last six-months the index is up +4.9% with its year-on-year gain up at +12.1%.
THE MAIN GAINERS
There are 42 gainers in the NZ equity markets with the biggest by The Warehouse Group (WHS, #49) up +5.5%. Over the last year, the group now has a decline of -35%. Second on the board is Gentrack (GTK, #26) up +3.1%. Over the last month the group has gained +0.9% with the group hitting an all time high in this period with a share price of $11.61. Year-on-year the group has gained a massive +119.6%. Fletcher building (FBU, #17) gained +2% today, down -32.8% year-on-year. Channel Infrastructure (CHI, #36) gained +1.7%, up +4.7% over the last month. CHI is up +21% from this time last year.
[chart:The Warehouse Group]
THE MAIN DECLINERS
With 30 decliners in the market, Kathmandu Brands (KMD, #49) fell the most starting the week down -2.9%. Over the last year KMD has declined -39%. Fisher and Paykel Healthcare (FPH, #1) fall -2.8%, the NZX50 front runner has a huge gain of +61% year-on-year. Scales Corp (SCL, #38) declined -2.3%, but gain +6.8% for the last month. SCL jumped +26% from this time last year. Spark (SPK, #9) decline -1.7%, over the last year the company's share price has fallen -35%.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | +1.3% | +4.9% | +4.4% | +1.0% |
| NZ Top 10 ETF (TNZ) | -0.03% | +1.5% | +2.2% | +3.6% | +6.5% |
| S/P NZX50 ETF (NZG) | +0.4% | +1.4% | +4.6% | +6.4% | +10.0% |
| NZ Dividend ETF (DIV) | -0.4% | +1.8% | -2.1% | -2.9% | -2.1% |
KEY ANNOUNCEMENTS
Black Peal Group (BPG) announced to the NZX that it successfully completed its off-market placement which was announced on October the 4th. This placement oversubscribed which led to BPG increasing the placement to $10.5 million at $1.25 per share. BPG CEO Nick Lissette commented: “We are pleased with the strong response from investors. The capital raising will provide additional capital to support our growth, along with broadening our investor base and enhancing liquidity in Blackpearl shares. We are pleased to offer an SPP to all existing shareholders to enable them to participate on the same terms.”
The Private Land and Property Portfolio (the wholesale fund the PLP invests) entered an agreement to acquire a 35.7 hectare kiwifruit and avocado orchard property in Katikati for $14.1 million. PLP expects the agreement to settlement this week. The property will be owned and operated by a new entity called 'Woodland Road Orchard Limited Partnership'. Booster investment Management Limited will be the General Partner and PLP as the sole Limited Partner. Should this agreement settle this acquisition will be 6.7% of the wholesale fund's assets.
Radius Care (RAD) has acquired a 51% stake in Cibus Catering Ltd (Cibus) for $1.9 million which includes the 24% stake held by Valhalla Capital Ltd. The acquisition is set to be completed on the 25th of October. Cibus is a menu planning, and nutrition management service designed to cater for the aged care industry. Already in its 25 care homes it services, 10 are Radius Care sites.
WasteCO Group (WCO) announced that Mr Angus Cooper has resigned as a Director of WasteCo with effect from the 31st of October.
The recent announcement of the Fast-Track Approvals Bill list have impact on many companies within the NZ equities market. CDL Investments New Zealand (CDI) received confirmation that both the R2 Growth Cell (Hamilton) and the Arataki Road (Havelock North) developments were a part of the governments list. CDI CEO Jasons Adams says “We’re very pleased to get both our R2 Growth Cell and Arataki Road projects included in the Bill. This does not mean that either of these projects are approved as the Bill still needs to be passed by Parliament and we will still need to apply to the Environmental Protection Authority for approvals, but we see this as a positive sign that both of these projects have met the criteria for inclusion”
Another company included in the list is Santana Minerals (SMI) with its Bendigo-Ophir Gold Project (BOGP) located in Central Otago. Santana's CEO Damian Spring commented "We are thrilled that our project has been recognised as one of national significance, with the potential to deliver substantial benefits both regionally and nationally. We've long known the Bendigo discovery is unique and impactful within our sector, and this acknowledgment by central government, along with the expedited permitting process, is a major milestone not only for us but also for those focused on economic growth and improved living conditions across the country. With gold prices soaring above NZ$4,300/oz, we couldn't be more pleased." To read more about other projects included in this list outside of the NZX markets, including a proposed 55,000 housing units read here: 55,000 housing units included in Fast-track list.
NZX50 Healthcare Sector
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