- Canterbury floods to have caused multitude of claims from Tower Limited.
- Investor day to be held virtually by Sky Network Television limited
- Oceania Healthcare recorded good business despite the pandemic.
Depending on various market conditions and stock performance the most active and stocks of the day are determined in the trade. Let’s have a look what has caused higher volumes of trade in these stocks and whether this could be to your benefit.
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Tower Limited (NZX:TWR)
This Company works in the field of business insurance. According to their recent update on NZX, the floods in Canterbury have caused a number of claims their way. It has estimated that the average cost to be incurred through the floods is going to range between NZ$2.8m to NZ$3m before tax, respectively. Further an underlying NPAT guidance of NZ$25m to NZ$27m was announced.
On June 16, Tower Limited recorded a trade volume of 366,743 and traded at NZ$0.750, up by 0.67% at the time of writing.
Spark New Zealand Limited (NZX:SPK)
This Company deals in Telecommunication offering different services such as pay television, internet, cloud computing and so on. In their recent update, it had said that the standby credit facility for the Company that is valued at NZ$200m shall be extended by a year making it valid till 30April, 2024.
On June 16, Spark New Zealand recorded a trade volume of 48,164 and traded at NZ$4.800, down by 0.41% at the time of writing.
Oceania Healthcare Limited (NZX:OCA)
This Company operated with different retirement villages and healthcare facilities across the country. In their annual report for the 10-month period up to 31 March 2021, the Company earned an underlying EBITDA of NZ$56.2m which was 8% higher than pcp. They further said the business has performed well despite the pandemic and their hopes for the future are also linked to helping the business grow further, whilst providing the best care to their residents.
On June 16, Oceania Healthcare Limited recorded a trade volume of 34,190 and traded at NZ$1.510, up by 0.66% at the time of writing.
Sky Network Television Limited (NZX:SKT)
This Pay television network in New Zealand is popular and widespread. There was the announcement of an investor day to be held on 29 June 2021. Sophie Moloney, the Chief executive along with the team shall present their future plans to the investors in this virtual meet and there shall be discussions on how to proceed further.
On June 16, Sky Network Television Limited recorded a trade volume of 67,079 and traded at NZ$0.710, up by 1.19% at the time of writing.
The a2 Milk company limited (NZX:ATM)
This is a dairy based Company listed in New Zealand and Australia with extensive function. Regarding the potential clash action, the Company said that it is aware about the investigation being done by Slater and Gordon Lawyers. It further said that it believed to have complied with all obligations related to the disclosure and wasn’t aware of action being taken against it.
On June 16, The a2 Milk Company recorded a trade volume of 79,763 and traded at NZ$6.710, up by 2.29% at the time of writing.