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New Zealand Inv Trust Investors - NZL

Share Name	Share Symbol	Market	Stock Type
New Zealand It	NZL	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	426.00	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			426.00	426.00

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Top Investor Posts

Top Posts
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. Read Full Thread Reply
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. Read Full Thread Reply
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. Read Full Thread Reply
Posted at 30/12/2004 06:14 by gateside NZealand shares close at fresh record high in light trade WELLINGTON (AFX) - New Zealand shares hit a fresh closing high but trade was light with institutions noticeably absent ahead of the year-end holiday, dealers said. The benchmark NZSX-50 gross index gained 19.83 points to 3,046.91 on turnover worth 35.3 mln nzd. Gains led declines 57 to 22. Despite many institutional investors still being away on a Christmas break, First NZ Capital research manager Barry Lindsay said there was still a positive to trade. Market leader Telecom rose five cents to 6.10. Other blue chips on the rise included Fisher and Paykel Healthcare, up nine cents at 3.24, Contact Energy, up eight cents to 6.40 and Sky City Entertainment which added two cents to 5.30. Lindsay said Sky City Entertainment had recovered some lost ground after slipping in the wake of recently enacted anti-smoking laws. "Investors ... I guess are now getting over any concerns they might have had about the effects of the smoking ban on its business," he said. On the negative side, Vertex fell five cents to 1.57, Fisher and Paykel Appliances lost two cents to 4.28 and The Warehouse was down two cents to 3.56. The New Zealand market will trade for half a day tomorrow before the New Year break, with normal trading hours resuming on Jan 5. Read Full Thread Reply
Posted at 21/12/2004 07:08 by gateside A series of meetings with the Managements of the Company's major holdings provided grounds for optimism about the prospects for the year ahead. Businesses are mainly positive despite signs of a slow down in activity in some sectors of the New Zealand economy such as housing. Fletcher Building, whose share price rose 13% in November, was a good example. Fletcher Building's chief executive Ralph Waters reported that their backlog of business had risen to NZ$700million, up from a previous record of NZ$500 million at the end of June. The revival in Fletcher Building's fortunes over the past three years is in many ways an illustration of New Zealand's growing strength relative to competitors overseas, and is resulting in both New Zealand as a country and companies such as Fletcher Building attracting attention from international investors. Read Full Thread Reply
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. Read Full Thread Reply
Posted at 25/11/2004 07:27 by gateside NZ stocks: Sharemarket chugs to fresh high 25.11.2004 6.15pm The sharemarket chugged on to another fresh high today, buoyed by the recent spate of positive financial results and annual general meetings. The benchmark NZSX-50 gross index pushed up 19.79 points to another closing record of 2959.04, while the NZSX-All capital index gained 6.62 points to 980.11. ABN Amro Craigs' broker Bryon Burke said stocks rose across the board. "There was no one particular thing (driving the market) today, but I guess the environment's just positive and investors are just reacting to that," he said. Bellwether stock Telecom gained a cent, to 603, while other blue chips also rose to the occasion, with Carter Holt Harvey up 5c to 222 and Contact Energy up 4c at 636. After an up and down session, Auckland International Airport ended the day up 7c at 774, adding to the 19c the stock had gained over the previous two sessions. Meanwhile Freightways headed north, up 15c, or 5.6 per cent, to close at 285. Earlier in the session the stock hit an intraday high of 287 -- a record level since the company listed September last year. The courier firm today reported strong trading in the four months to October 31, and said its outlook for the 2004/05 financial year was "very positive." For the four months Freightways' net profit after tax was $6.5m, against $4.6m in the same period last year. In a light news day, one announcement of note came courtesy of listed beauty products internet retailer Beauty Direct, which confirmed plans to establish New Zealand's first listed pharmacy group. The company plans to spend $38.4 million to buy a 49 per cent stake in 17 Life Pharmacy stores and a Unichem shop. Shares in the company fell 2.3c, or 15 per cent, to 12.9c. Shares in Ryman Healthcare were up 4c at 325c after it confirmed it was opening a new retirement village in Napier. Discount retailer The Warehouse continued its recent losing streak, falling 5c to 369, as the market waits to see how the group performs in the all-important Christmas shopping season. Fishing firm Sanford fell 4c to 474, after yesterday posting a $53.8m profit for the September year. Tower continued to pick up steam after its recent positive annual result, rising 4c to 225. Ports of Auckland rose 2c to 662, after today announcing October container volumes were down 5 per cent compared to October last year, but flat on an annual basis. Total market turnover was worth $84.4 million, with 81 rises outnumbering the 32 falls among the 154 stocks traded. Other stocks on the move today included: TrustPower up 10c at 580, Fisher & Paykel Healthcare up 5c at 304, F&P Appliances up 2c at 429 and Sky City Entertainment up 10c at 495. Read Full Thread Reply
Posted at 24/11/2004 21:33 by gateside NZ stocks: Sharemarket hits fresh closing high 24.11.2004 5.58 pm The sharemarket hit its stride today, with its benchmark index shrugging off the sluggish start to the week to book a fresh closing high. As usual top stock Telecom set the trading tone, gaining 3c to 602, as it recovered slightly from the 7c dive it took yesterday. The telco giant dominated turnover, racking up 4 million trades worth $24.5 million, among light total market turnover worth $75.5 million. The benchmark NZSX-50 index gained 15.78 points to hit a fresh record closing high of 2939.24 points, on the back of the recent flow of good news from annual general meetings and financial results. The NZSX-All capital index was up 4.63 points to 973.49. Contact Energy gained 6c to 632. Grant Williamson of Hamilton, Hindin, Greene said investors seemed pleased with the $144 million annual net profit, and 25 cent per share dividend, announced yesterday. Fellow blue-chip stock Carter Holt Harvey rose 1c to 632. Auckland International Airport continued to win friends today, with a 7c rise to 767, adding to the 12c gain it booked yesterday. At its AGM yesterday the airport revealed rising passenger numbers and expectations of higher profits. Tower rose 6c to 221. "They are starting to come back up again... following a sell-off after their financial result," Mr Williamson said. Dual-listed Australian stocks also performed well, with Westpac up 10c to 2000 and ANZ rising 6c to 2160. Of the 165 stocks traded today gains outnumbered losses 61 to 40. Fletcher Building fell 2c to 604, which Mr Williamson said was due to profit taking. Michael Hill Jeweller was another stock headed south today, losing 5c to 830. Fellow retailer The Warehouse fell 1c to 374. Sanford was up 1c to 478. The company announced a net profit of $53.9m for the September year, compared to $47.3m for the previous 13 months. The fishing firm has also applied to the Commerce Commission for clearance to buy surplus quota for Scampi from Simunovich Fisheries. In other news today, Software of Excellence posted a $73,000 profit for the six months to September -- up from a $1.04 million loss for the same period last year. The producer of dental record management software fell 5c to 156. Pacific Retail Group fell 3c to 210, after its finance arm, Pacific Retail Finance, reported a pre-tax profit of $14.6 million for the half-year to September. Other stocks on the move today included: Ports of Auckland up 9c at 660, Sky City Entertainment up 5c at 485 and Air New Zealand down 1c at 160. Read Full Thread Reply
Posted at 18/11/2004 07:01 by gateside SYDNEY (AFX) - Shares prices closed higher, pushing the All Ordinaries index to a record high, fuelled by positive overseas leads and more predictions of further earnings growth, dealers said. They said gains were modest, being offset by a retreat by News Corp and a mixed banking sector. Dealers said profit-taking was evident in some sectors, while coal stocks gained on reports of a high settlement price for coking coal. The S&P/ASX 200 index closed up 3.5 points or 0.09 pct at 3,879.5, just below its all-time closing high of 3,880.6 struck on Monday. Its high for the day was 3,889.0 and its low was 3,876.5. The broader All Ordinaries index closed up 3.5 points at an all-time high of 3,893.4, beating its previous record high of 3,890.9, also set on Monday. Dealers said Lend Lease gained despite the failure yesterday of its bid to take over General Property Trust to form an 11 bln aud property group. It found investor support following today's announcement that it will now proceed with its plan to buy back 10 pct of its shares. Read Full Thread Reply
Posted at 15/11/2004 07:00 by gateside WELLINGTON (AFX) - Share prices closed slightly lower in modest trade, with the market supported by gains in Fletcher Building, dealers said. The benchmark NZSX-50 index was down 2.67 points or 0.09 pct at 2,920.99, on turnover worth 96.7 mln nzd. Fletcher Building gained 0.04 to 5.88 nzd, a level last seen in early October. ABN AMRO Craigs broker Matt Willis said it was clear Fletcher Building was supported by its earnings forecast for next year. "It puts them on track for (a profit of) about 500 mln dollars for the current year," which is about 5.0-6.0 pct ahead of estimates, he said. "What is clear is that the company has articulated this and maybe investors are now prepared to accept what they've said," he added. Market leader Telecom was down 0.04 at 5.96 nzd and accounting for nearly half the total turnover, lending a negative tone to the day. Retail stocks turned in a mixed performance, dealers said. The Warehouse finished 0.01 down at 3.78 nzd, Briscoe was also down 0.01 at 2.35, while Hellaby gained 0.07 to 6.02. Air New Zealand was up 0.04 at 1.67 nzd, TrustPower up 0.08 cents at 5.40, Auckland International Airport down 0.05 at 5.70, while Lion Nathan was off 0.09 at 8.47. Read Full Thread Reply

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