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  1. #1
    Advanced Member
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    chch, , New Zealand.
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    Default Are there actually any stocks on NZ market worth buying?

    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

  2. #2
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    Tasman, Nelson NZ
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    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.

  3. #3
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    Quote Originally Posted by ratkin View Post
    Give me some places to look
    https://www.nzx.com/markets/NZSX

  4. #4
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    Quote Originally Posted by Swala View Post
    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.

  5. #5
    Guru Rawz's Avatar
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    Quote Originally Posted by ratkin View Post
    Give me some places to look
    TWR is your best bet

  6. #6
    Guru Rawz's Avatar
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    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.

  7. #7
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    Oct 2019
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    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

  8. #8
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    Quote Originally Posted by Rawz View Post
    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.
    Last edited by Bjauck; 07-03-2024 at 10:19 AM.

  9. #9
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    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?


  10. #10
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    Default

    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

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