Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Industre Property Joint Venture Growth Continues Wednesday 16th December 2020
Stride Property Group is pleased to advise that the Industre Property Joint Venture (Industre) has entered into an unconditional agreement to acquire an industrial property at 48-60 Wilkinson Road, Ellerslie, for $54m.
This acquisition builds on the four acquisitions already completed by Industre since it commenced operations on 1 July 2020 and takes the total value of property acquired by Industre since commencement to $99.5m. Following this acquisition, the Industre portfolio of industrial properties will be valued at $553m (on a pro forma basis, based on 30 September valuations plus completed acquisitions and developments).
Market close: Sharemarket looking tired after volatile year
15 Dec, 2020 04:40 AM
4 minutes to read
Contact Energy fell 27c or 3.26 per cent to $8.02. Photo / 123RF
NZ Herald
By: Graham Skellern
After a pretty hectic - and at times volatile - year, the New Zealand sharemarket went into a slumber with very few significant price movements across the board. The S&P/NZX 50 Index slipped for the second day running, falling 67.95 points or 0.53 per cent to 12,767.17. The index has now fallen 1.18 per cent in two days. Is a mini correction taking place?
There were 45 gainers and 88 decliners over the whole market with volume reaching 80 million shares worth $222.22 million in a late surge of trading, which prompted some turnaround in prices, particularly Fisher and Paykel Healthcare, Meridian Energy, Ebos, and Briscoe Group.
Jarden Brief: Aussie regulator set to change insider trading rules
14 Dec, 2020 07:55 PM
6 minutes to read
The Australian financial market regulators announcing plans to change the rules around insider selling. Photo / Getty Images
The Australian financial market regulators announcing plans to change the rules around insider selling. Photo / Getty Images
NZ Herald
New Zealand
The SPX NZ50 was down 0.7 per cent on the day.
Generator retailer Contact Energy was the best performing stock on the market, up 4.5 per cent. Cancer diagnostics company PEB also had another good day, up 4.1 per cent. Mercury Energy and Fisher and Paykel Healthcare were the worst performers on the day, down 5.2 and 3.5 per cent respectively.
Hamilton Hindin Greene investment adviser Jeremy Sullivan said that despite the overall NZX results, there was “a lot of money looking for a home at the moment”. Sullivan said there were a few companies that were doing particularly well, including Contact Energy, selling at $8.30 a share at Monday’s close, up 5.17 per cent. The energy companies were benefiting from the protracted discussions over the remediation of land at the Tiwai Point aluminium smelter, Sullivan said. A number of big-box retailers were also benefiting from strong spending numbers during the Christmas season. Briscoe Group had continued to be an attractive investment after the company announced it had resolved to pay shareholders a special fully imputed dividend of 6 cents per share, Sullivan said.