NZ banker sees value in share price weakness.
NZX-listed Heartland Group has boosted its stake in online lender Harmoney Corp in a $2.7 million series of on-market trades.
In a disclosure to the NZX this morning, Heartland said
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Market close: A2 Milk drags sharemarket lower
10 May, 2021 05:38 AM
3 minutes to read
A2 Milk s woes rubbed off on the rest of the market. Photo / File
NZ Herald
A2 Milk s roller coaster ride saw the sharemarket close weaker as investors digested a fourth significant earnings downgrade from the alternative milk company. By the close
a2 Milk shares were down by 97c or 13 per cent at $6.62 but were off their low for the day of $6.05 after downgrading its earnings forecast for the fourth time, based on problems with the infant formula trade into China.
A2 Milk s downgrade brought it into line with broker forecasts.