Weekly Trading Wrap Up

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 18 May 2016 there were 13 trades (last week 7 trades) totalling 190k shares worth $155k. ProTen and Zespri Group increased by 4.6% and 1.7% respectively, closing at $1.15 and $1.85. Silver Fern Farms decreased by 2.2% and Pharmazen decreased by 14.3%. They closed at $0.06 and $1.85 respectively. There were no market announcements made this week. The market cap increased by $5.7m to close at $1.517m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 1 June 2016 there were 7 trades (last week 8 trades) totalling 167k shares worth $110k. Price movements during the week were headlined by gains of 14.4% and 13.5% for Skyline and Zespri respectively, lifting their prices to $20.20 and $2.10 respectively. Both PharmaZen and Terra Vitae also experienced positive gains with PharmaZen up 9% to 6 cents and Terra Vitae up 3% to 34 cents. Announcements during the week included Silver Fern Farms responding to the FMA report on complaints received against the Company along with details of the Special Meeting, KCE posted a media release voicing its opposition to the recent EA proposal to remove ACOT payments, Zespri posted its latest Kiwiflier newsletter and Fronde announced a strong result for the year ended 31 March 2016. The market cap increased by $118m on the back of the Skyline and Zespri gains to close at $1,637m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 8 June 2016 there were 4 trades (last week 7 trades) totalling 7.5k shares worth $37k. Silver Farms increased by 5.6% this week to close at $0.95. Rangatira's A Class and B Class shares both experienced gains, with their prices increasing by 0.5% and 2.2% respectively to close at $9.80 and $9.45. Announcements during the week included a media release by Skyline about their Queenstown development project and a newsletter to shareholders from ProTen. Rangatira Investments released their annual results for the year ending 31 March 2016, which showed a strong full year performance. The company continues to seek new investment opportunities. The market cap increased by $8.1m to close at $1,645m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 15 June 2016 there were 12 trades (last week 4 trades) totalling 460k shares worth $188k. ProTen and Skyline Enterprises both experienced significant gains, increasing 9% and 7% respectively to close at $1.25 and $21.70. Silver Fern Farms increased by 2%, closing at $0.97. Pharmazen closed at $0.055 after a decrease of 8%. Announcements this week included a media release by Silver Fern farms on its plans to upgrade its South Canterbury Coldstore facilities and the declaration of a record crop harvest for 2016 by Terra Vitae. Zespri announced a 19 cent dividend to be paid in August. Trading in Zespri was halted on 14 June 2016 pending market disclosure on final outcomes of the 2016 Gold3 licence tender process. The market cap increased by $64m to close at $1,708m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 22 June 2016 there were 14 trades (last week 12 trades) totalling 66k shares worth $367k. All stock movements were positive this week.Terra Vitae experienced a significant gain, increasing 18% to close at $0.40. Rangitira (Class B) and Silver Fern Farms increased by 4% and 0.3% respectively, closing at $9.80 and $4.07. King Country Energy announced its audited result for the 15 month period ending 31 March 2016. Emerald Gisborne Property Trust advised unitholders of the settlement of the sale of Emerald Hotel on 14 June 2016. Additional property sales have already been settled and a distribution of $0.40 per unit has been proposed for around 28 June 2016. Zespri released an update to shareholders and growers which included the June 2016/17 forecast, corporate profit forecast and a high level summary of the 2016 Gold 3 licence release. The market cap increased by $7m to close at $1,716m. MTS Energy, Emerald Gisborne Property Trust and Zespri remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 29 June 2016 there were 23 trades (last week 14 trades) totalling 198k shares worth $503k. Only two stocks experienced price movements this week. Following the lift of its trading halt on 23 June 2016, Zespri appreciated significantly, increasing by 23% to close at $2.58. Skyline Enterprises increased by 2% to close at $22.15. In announcements this week, KCE released a letter to shareholders regarding two resolutions for its annual meeting and Fronde signalled upcoming changes to its Board of Directors, effective 29 July 2016. Emerald Gisborne Property Trust updated the record date of the distribution of $0.40 per unitholder to 20 June 2016. Silver Fern Farms made two media releases, the first regarding the decision of the Companies Office, which confirmed that the SFF Board acted in the best interests of the company. The second release advised that SFF and Shanghai Maling are finalising an extension for OIO approval; the two companies remain committed to the partnership. The market cap increased by $73m to close at $1,788m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 6 July 2016 there were 12 trades (last week 23 trades) totalling 101k shares worth $237k. Silver Fern Farms, Skyline Enterprises and Zespri Group all experienced positive price movements this week, increasing by 3%, 4% and 11% respectively to close at $1.00, $23.00 and $2.85. In announcements this week, Silver Fern Farms strongly rejected the "baseless allegations" that were made by Winston Peters on 29 June 2016 under parlimentary privilege. The company also advised that it has agreed with Shanghai Maling on a revised transaction date of 30 September 2016 and that the date for the shareholder requisitioned meeting has been set for 12 August 2016. Zespri published its June 2016 Kiwiflier (Issue 368) and its updated Employee and Director Share Trading Policy. King Country Energy, Rangatira, and Fronde all released 2016 annual reports. Skyline and Connexionz both announced preliminary results for the year ended 31 March 2016. The market cap increased by $66m to close at $1,854m. MTS Energy and Emerald Gisborne Property Trust remain at a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 13 July 2016 there were 8 trades (last week 12 trades) totalling 10k shares worth $164k. The only price movement this week was Skyline Enterprises, which decreased by 0.2% to close at $22.95. In announcements this week, Blue Sky Meats released its 2016 Annual Report with the Chairman stating that he was disappointed with the 2016 result at the end of a "challenging, difficult and frustrating year". MTS Energy announced that it will cease quotation on 8 August 2016 and will remain at a trading halt until this date. Issuer profiles for Silver Fern Farms and Blue Sky Meats were updated to include the most recent financial results. The market cap decreased by $2m to close at $1,853m. MTS Energy and Emerald Gisborne Property Trust are in trading halts.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 20 July 2016 there were 9 trades (last week 8 trades) totaling 132k shares worth $248k. In price movements this week Proten increased 4% to close at $1.30, Terra Vitae Vineyards increased 2.5% to close to 41 cents, Zespri increased 5.26% to close at $3.00 and Silver Fern Farms decreased 3% to close at 97 cents. In announcements this week, Proten announced FY16 revenue and profit with final audited results expected to be released at the end of September, Silver Fern Farms released its Winter Newsletter and Zespri released its Annual Report for 2015/16 and its Issuer Profile for 2016. The market cap increased by $16m to close at $1,868m. MTS Energy remains in a trading halt.

[Armillary Private Capital]

In trading on Unlisted for the week ending Wednesday 27 July 2016 there were 14 trades (last week 9 trades) totalling 217k shares worth $355k. All price movements on the market were positive this week. Zespri and Terra Vitae Vineyards experienced significant gains of 17% and 10% respectively, closing at $3.50 and $0.45. King Country Energy also increased by 1% to close at $4.41. In the only announcement on the market this week, Silver Fern Farms gave notice of its shareholder meeting to be held 12 August 2016. The market cap increased by $63.40m to close at $1,932m.