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View Full Version : Are there actually any stocks on NZ market worth buying?



ratkin
07-03-2024, 06:53 AM
Last few years have bought no NZ stocks, is there anything I should be interested in? Since selling EBOS last year, Best thing I did was buy lots of smart share ETFs that have been in turbo mode, but looking around at NZ stocks am struggling to see anything worth investing in. Give me some places to look

Swala
07-03-2024, 08:36 AM
If you are a long term investor you should take a look at Infratil. Total average return over last ten years 21.4%. A very well managed company with diverse interests and lot's of organic growth opportunities. The cornerstone of my portfolio.

Antipodean
07-03-2024, 08:39 AM
Give me some places to look

https://www.nzx.com/markets/NZSX

Paint it Black
07-03-2024, 09:10 AM
If you are a long term investor you should take a look at Infratil. Total average return over last ten years 21.4%. A very well managed company with diverse interests and lot's of organic growth opportunities. The cornerstone of my portfolio.
Agree ticks the boxes for future growth eg data centres, clean energy, comms, healthcare, transport hubs etc.. I would add most of the energy generating companies.

Rawz
07-03-2024, 10:34 AM
Give me some places to look

TWR is your best bet

Rawz
07-03-2024, 10:45 AM
From what i can tell there are very few good capital allocators running NZX listed companies. MFT is probably the best.
MFT, FPH, IFT are maybe the only 3 with long term track records.

Leemsip
07-03-2024, 10:47 AM
I like
SCL - solid growing proteins and solid apples business. 2024 should be pretty decent and back to a P/E of 14. Not bad, nothing startling here. Hopefully get a re-rate up to $4bucks end of the year as we reckonize the new normal revenue (post cyclone recovery)...
TWR - as per RAWZ, super low P/E, going to be a gang buster year this year and hopefully a re-rate for the SP over $1.
SKT - pretty much a sport monopoly in NZ. Captive audience, coming through the capex cycle. Should start making decent FCF in 2024, got a buy back in place.
SKC -monopoly casino with a huge new conf facility. Currently under a lot of pressure with fines and such. Good long term hold. Should re-rate once we push through the current recession and reg issues...

but yeah, lots of cr@p out there, depressing landscape.

I mainly go the asx

Bjauck
07-03-2024, 11:16 AM
From what i can tell there are very few good capital allocators running NZX listed companies. MFT is probably the best.
MFT, FPH, IFT are maybe the only 3 with long term track records.
Ditto from me too. Infratil has been a long term investment for me. I have also been slowly investing more into my Milford Growth KiwiSaver (for the long term as it is 12 years until I can access it.) However That has increased my exposure to overseas markets rather than to NZ.

Infratil in effect is like an actively managed ETF with its portfolio of investments. MFT & FPH too have been part of the basis of my NZ shareholdings (although I hold as much in OCA and HGH currently) and nasty surprises notwithstanding I will probably keep IFT FPH and MFT even as I drift more to managed funds.

Waikaka
07-03-2024, 11:23 AM
I thought SAN, TWR, SML, MNW, GNE were all cheap and had them as my competition picks. Down -2.67% so what do I know?

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ratkin
07-03-2024, 12:00 PM
Maybe it is time for me to top up on Infratil, although term deposit rates still pretty decent.
Not so sure about Tower, literally an accident waiting to happen, if the climate people are right then they are going to be increasingly paying out

Toddy
07-03-2024, 12:10 PM
Have a read of the Infratil investor day documents from earlier in the week.
These can be found under the NZX announcements.
Super impressive Company exposed to the current AI and Green Energy trends.

ynot
07-03-2024, 12:58 PM
Have a read of the Infratil investor day documents from earlier in the week.
These can be found under the NZX announcements.
Super impressive Company exposed to the current AI and Green Energy trends.

Even at $10.60 ? I guess anything sub $10 based on what you r research is suggesting.

Toddy
07-03-2024, 01:22 PM
Maybe you could try and wait for the next dip in share price. But off the back of the Australian investor day the fund managers get to work and rerate the stock.

It's back on their radar. And the stock is being moved out of the Utilities basket into the Technologys basket.

troyvdh
07-03-2024, 02:48 PM
Can someone remind me a listed company that hasnt changed its name since inception....decades ago.

nztx
07-03-2024, 03:14 PM
can someone remind me a listed company that hasnt changed its name since inception....decades ago.

aia , cmo ; mhj ; san ; scl

Toddy
07-03-2024, 03:33 PM
Can someone remind me a listed company that hasnt changed its name since inception....decades ago.

I can remind you of one that took all of my hard earned money. I was too young at the time to recognise snake oil.

Powerbeat International

troyvdh
07-03-2024, 04:16 PM
PFI .Gareth Morgan I believe was one of 5 people who set up this entity...many decades ago.A few years back I believe PFI had returned over 10% compounding for 3 decades.Boring industrial buildings.Div paid quarterly.
I could be incorrect.

nztx
07-03-2024, 05:39 PM
I can remind you of one that took all of my hard earned money. I was too young at the time to recognise snake oil.

Powerbeat International


I remember that one ..

777
08-03-2024, 03:06 PM
Can someone remind me a listed company that hasnt changed its name since inception....decades ago.

Colonial Motor Company.

ScrappyO
08-03-2024, 03:14 PM
I can remind you of one that took all of my hard earned money. I was too young at the time to recognise snake oil.

Powerbeat International

I came second in a NZX competition because Powerbeat was one of my picks. Went to the NZX in queen street to receive my prize, i was only 15. I remember a few disgruntled competitors complaining I shouldn't have been able to choose that company.

percy
08-03-2024, 03:36 PM
I came second in a NZX competition because Powerbeat was one of my picks. Went to the NZX in queen street to receive my prize, i was only 15. I remember a few disgruntled competitors complaining I shouldn't have been able to choose that company.

https://businessdesk.co.nz/article/the-life/looking-back-the-strange-case-of-peter-witehira-and-the-never-go-flat-battery

Forrestdun
08-03-2024, 03:59 PM
HGH gotta love it

Sgt Pepper
08-03-2024, 05:30 PM
I remember that one ..

I remember Powerbeat, was it the company claiming to have developed a car battery that would never go flat. What became of them?

kiwical
08-03-2024, 06:35 PM
I remember Powerbeat, was it the company claiming to have developed a car battery that would never go flat. What became of them?

Quite a few articles on them are just a google away. The company itself was still hanging on in there for many many years afterwards. In fact I seem to recall the factory/office was STILL there even a few years ago when you drive into Hamilton. Maybe it even still is there? I was always surprised when I drove past it.

Here is an article from 2021

https://businessdesk.co.nz/article/the-life/looking-back-the-strange-case-of-peter-witehira-and-the-never-go-flat-battery

nztx
08-03-2024, 09:49 PM
ANZ don't appearing to be faring too badly .. priced right up there .. recording gains in a sea of stocks sailing back the other way


must be sentiment of some fairly good results expected ..


$18 a while back looks in retrospect to have been a good entry point outside the 2 years past, closer to the times of Govt's distributions restriction imposed on the sector

Co0p_New
11-03-2024, 07:50 AM
GTK for me. Significant momentum at the moment and excellent management team. A little pricey tho.

850man
11-03-2024, 11:43 AM
Can someone remind me a listed company that hasnt changed its name since inception....decades ago.

HLG - Oldest NZ registered company I believe too and one that has weathered the recent storms of covid etc particularly well (Probably jinxed their future with this comment) Glasson family on the board and have lots of skin in the game, think that makes a big difference.

Ferg
11-03-2024, 12:55 PM
HLG - Oldest NZ registered company I believe too and one that has weathered the recent storms of covid etc particularly well (Probably jinxed their future with this comment) Glasson family on the board and have lots of skin in the game, think that makes a big difference.
I was going to post that earlier but I thought they had changed their legal name slightly......I thought it didn't used to include the word 'Glassons'. But I see on their certificate of incorporation it has been the current name since 1935 (https://app.companiesoffice.govt.nz/companies/app/service/services/documents/9134279B8724C6D981136B6FA3AB72F1/CertIncorporation_145745_11March2024.pdf).

777
11-03-2024, 01:20 PM
I was going to post that earlier but I thought they had changed their legal name slightly......I thought it didn't used to include the word 'Glassons'. But I see on their certificate of incorporation it has been the current name since 1935 (https://app.companiesoffice.govt.nz/companies/app/service/services/documents/9134279B8724C6D981136B6FA3AB72F1/CertIncorporation_145745_11March2024.pdf).

The Colonial Motor Company was 13th Dec 1919.