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NZL New Zealand It

426.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
New Zealand It LSE:NZL London Ordinary Share GB0006348741 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 426.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 426.00 GBX

New Zealand Inv Trust (NZL) Latest News

Real-Time news about New Zealand It (London Stock Exchange): 0 recent articles

New Zealand Inv Trust (NZL) Discussions and Chat

New Zealand Inv Trust Forums and Chat

Date Time Title Posts
03/2/200710:17New Zealand Investment Trust51

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New Zealand Inv Trust (NZL) Most Recent Trades

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New Zealand Inv Trust (NZL) Top Chat Posts

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Posted at 28/8/2005 09:56 by gateside
Well it looks like selling these in April was not so smart after all!

Have updated the header with their new holdings. See there have been a few changes amoungst their largest holdings. Also Australian shares now account from 25%, while back in April it was just 19%.

Might consider buying back, if there is any weakness in price.
Posted at 17/3/2005 07:14 by gateside
WELLINGTON (AFX) - Share prices closed at five-week lows on profit-taking
prompted by weaker overseas markets and a strong New Zealand dollar, dealers
said.
The benchmark NZSX-50 gross index fell 30.42 points or 0.97 pct to 3,124.96
on turnover of 147.2 mln nzd.
Hamilton Hindin Greene broker Grant Williamson said the decline was due to
weaker overseas markets and the strong New Zealand dollar.
"It's all starting to take effect on the market. It's (prompting) investors,
who've had a good (run), to take some profits," Williamson said.
Market leader Telecom lost 0.02 nzd to 6.28.
Turners and Growers fell 0.15 to 2.85 as it resumed trade today after
Guinness Peat Group (GPG) sold a 17.2 pct stake. GPG still holds about 61.3 pct
of all Turners and Growers shares.
Home and sporting goods retailer Briscoe Group fell 0.02 to 1.21 after
announcing a 21 pct decline in net profit for the year to December to 18.7 mln
nzd.
Contact Energy, one of the market's top three stocks, shed 0.15 to 6.75,
which was mostly due to profit-taking, dealers said.
Hallenstein Glasson was down 0.07 at 4.13 after it posted yesterday a 21 pct
rise in half year to January profit to 8.47 mln nzd.
Baycorp Advantage rose 0.12 to 3.25, Fisher and Paykel Appliances was down
0.12 at 3.08 and Fletcher Building fell 0.09 to 7.14.
Posted at 14/3/2005 06:45 by gateside
SYDNEY (AFX) - Share prices closed higher led by resources stocks, although
the overall gains were broad and included the banks, helping push the key market
indices close to the record highs reached early last week.
The S&P/ASX 200 closed up 29.7 points or 0.71 pct at 4,233.5, within reach
of the record close of 4,242.9 reached on March 8. The index traded to a high of
4,235.4 and a low of 4,195.3.
The broader All Ordinaries Index ended up 26.1 points at 4,218.6, just short
of an all-time high of 4,223.3, also struck on March 8.
Dealers said investors ignored signs of slowing earnings growth, including
cost pressures in the Australian economy and rising interest rates, backing
stocks because of solid returns in the form of dividends and capital management
programs.
They said the resources sector is being backed because of a growing view
that commodity price cycle's current upswing is likely to be prolonged,
underpinned by China's appetite for raw materials and an improving global
economy.
This view was supported by BHP Billiton's 9.2 bln aud bid for WMC Resources,
launched last week, which analysts suggested was a bet on the strength of
commodity prices being sustained for a prolonged period.
Posted at 14/3/2005 06:45 by gateside
WELLINGTON (AFX) - Share prices closed higher, driven by discount retailer
the Warehouse which met expectations with its interim net profit and offered
investors a glimmer of hope for its
Australian unit, dealers said.
The benchmark NZSX-50 index was up 6.27 points or 0.20 pct at 3,156.03 on
turnover worth 120.7 mln nzd.
Of the 154 stocks there were 47 rises and 63 falls.
Shares in The Warehouse rose 17 New Zealand cents to 4.11 nzd after the
company posted a December half profit of 53.88 mln nzd, at the higher end of
expectations.
The company said that while New Zealand earnings were down its Australian
operations had improved.
ABN Amro Craigs broker James Lock said investors were looking for any hint
of a turnaround in The Warehouse, especially from its Australian unit.
"The share price has been battered around for a while and now there's a
glimmer of hope for investors" from the Australian operation, Lock said.
Several stocks came under selling pressure from profit-taking, the higher
interest rate regime and the New Zealand dollar's appreciation.
"I think the market was having a good solid pause here and letting off some
steam," Lock said.
Among high profile stocks, Telecom fell one cent to 6.25, Contact Energy was
down 16 cents at 7.01 nzd, a level last seen in early February, and Carter Holt
Harvey was down one cent at 2.22.
Other shares on the move included Air New Zealand down three cents at 1.58
nzd, Fisher and Paykel Appliances up five cents to 3.10 nzd and Lion Nathan up
15 cents to 8.00 nzd.
Posted at 11/3/2005 08:18 by gateside
Good increase in the NAV this week from 327p to 335p

Share Price looks to be building a solid level of support at 300p :-)
Posted at 18/2/2005 13:18 by gateside
Treasury share programme

Despite our excellent performance, our shares have continued to trade at
discounts to net asset value, recently around 10%. Changes in the taxation and
regulatory regime in the United Kingdom in 2003 made it possible for investment
trusts to purchase their shares at a discount in the market, hold them in
treasury subject to limitations, and then to reissue those shares. Our
shareholders granted us that authority, and The New Zealand Investment Trust
was a pioneer in utilizing these new powers for the benefit of shareholders. We
have thus far purchased 105,780 treasury shares (103,342 at the balance sheet
date) acquired at an average price of NZ$6.21 (224p), which is 28% less than
the most recent net asset value of NZ$8.62 (329p). Your Board has established a
policy of not reissuing shares at a discount greater than the discount
prevailing when they were purchased for treasury, and following a recent visit
to portfolio companies in New Zealand, we have cancelled the shares held in
treasury. Purchasing shares at a discount to net asset value, whether the
shares are held in treasury or cancelled, increases the net asset value of the
remaining shares outstanding, and we will not hesitate to continue purchases if
we believe that they will be beneficial to shareholder value.
Posted at 25/1/2005 06:57 by gateside
WELLINGTON (AFX) - Share prices closed up, led by gains in market
heavyweights Telecom and Contact Energy, dealers said.
They noted that speculative activity in Contact shares was revived after a
fresh news report that the company planned to return capital to shareholders.
The benchmark NZSX-50 gross index ended the session up 19.18 points or 0.62
pct at at 3,076.53 on turnover worth 100.4 mln nzd.
Among the 160 shares traded, there were 64 risers and 51 fallers.
Posted at 04/12/2004 17:43 by gateside
The New Zealand Investment Trust finished its financial year ended 31 October 2004 with the net asset value barely changed over the month. Of greater note however, was the very strong performance for the full year, with the net asset value up by 19.9% in New Zealand dollars against a rise of 13.0% for the NZSX All Ordinaries Index. For Sterling-based investors the gains were even greater with a 23.5% rise in the net asset value. The rise in the New Zealand Investment Trust's share price out-stripped the gain in the net asset value due to a narrowing in the level of the discount.

The main change to the portfolio during October was a reduction in the holding of Fisher & Paykel Appliances. This has left almost 10% of the portfolio in cash, although a number of potential Australian investments are currently being reviewed for possible inclusion in the portfolio. The Australian segment of the portfolio has recently had a significant positive impact on performance, with the share prices of a number of the Australian holdings including United Group and James Hardie up over 10% in October.
Posted at 29/10/2004 10:11 by gateside
September was an excellent month for the portfolio with the net asset value up by 5% in New Zealand dollars, well ahead of the NZSX All Ordinaries Index which rose less than 3%. The Reserve Bank of New Zealand increased interest rates by 0.25% to 6.25% on 8 September causing the New Zealand dollar to strengthen further, so that the 5% rise in the Company's net asset value over the month translated into a gain of 8% measured in Sterling. The largest holding in the portfolio, Fletcher Building, saw its share price rise by over 15% and the portfolio benefitted relative to the performance of the New Zealand market due to its nil weighting in the two weakest performers over the month, Carter Holt and the Warehouse. Activity in September included significant additions to the holdings in GPG Group and CanWest Mediaworks in advance of upward movements in their share prices, and a small reduction in the holding of Fletcher Building.
Posted at 20/9/2004 09:25 by gateside
One of the main features of August was a renewed bout of strength in the value of New Zealand dollar and this was behind the 3% rise in The New Zealand Investment Trust's net asset value in Sterling over the month. Measured in New Zealand dollars the net asset value slipped by 1% compared to the 2% decline in the NZSX All Ordinaries Index. Despite these small moves there were some sharp movements in individual share prices. On a positive note the share prices of Toll Holdings and SFE Corp rose by 17% and 10% respectively following well received results. However, Fisher & Paykel Appliances' share price slipped 12% after management warned that earnings will be impacted negatively by higher raw materials costs and weakened demand in the Australiasian markets.
New Zealand Inv Trust share price data is direct from the London Stock Exchange

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