Nevl
27-09-2022, 06:15 PM
NZ $ is down about 20% in the last year and our share market is also down by a similar amount meaning US investors are looking at a market that is 40% cheaper than it was a year or so ago in their terms.
So think FBU, Rakon, SCT, Mainfreight, Ports and a few others might be attractive take over targets for cashed up US companies or those looking for good deals. NZ companies with good overseas assets might be looking cheap at the moment. Especially those with US exposure.
So think FBU, Rakon, SCT, Mainfreight, Ports and a few others might be attractive take over targets for cashed up US companies or those looking for good deals. NZ companies with good overseas assets might be looking cheap at the moment. Especially those with US exposure.