6 NZX Stocks That Shined Or Faded In The Market Today - JLG, VGL, PYS, PHL, GFL, SMW

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Summary

  • Just Life Group has recently declared the World Discus Champion as its brand ambassador.
  • PaySauce Limited announced a pleasing last-quarter update of FY21, with a rise in processing fees of 42% YoY.
  • Promisia Healthcare raised NZ$1.7 million through its SPP.
  • Geneva Finance provided trading guidance for FY21, with a rise of 56% in its NPBT.

According to the latest update, after a thorough evaluation and review of its monetary policy, Reserve Bank of New Zealand has maintained its official cash rate at 0.25%. This was done keeping in mind the global economic outlook and the ease of restrictions and lockdowns under the present circumstances.

 

On 19 April at the time of writing, the benchmark index S&P/NZX 50 was trading in green at 12,707.56 basis points, rising by 0.18%. The benchmark index is getting a strong support from various indices like S&P/NZX All Consumer Staples, trading up by 0.84%, and S&P/NZX All Health Care, trading up by 0.42%.

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With this background, let us look at the 6 NZX Stocks that are making big leaps and are keeping the investors busy.

Just Life Group Limited

Just Life Group Limited (NZX:JLG) has announced Beatrice Faumuina, NZ’s former World Discus Champion, as its Brand Ambassador. Faumuina, on the other hand, is pleased to be associated with Just Life Group.

It is marked that JLG is focused on the wellbeing of New Zealanders and aim at enhancing lives through Healthy Living and Healthy Homes with its numerable brands like Just Water, Solatube, and The Cylinder Guy, etc.

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On 19 April at the time of writing, Just Life Group was trading up by 8.43% at NZ$0.900.

Vista Group International Limited

Vista Group International Limited (NZX:VGL;ASX:VGL) is NZ's global leading company, which provides software solutions to the global film industry.

It recently announced that its Annual Meeting of Shareholders would be organised on 26 May 2021. The Company is also seeking director’s nominations and would be closing the same on 27 April 2021.

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On 19 April at the time of writing, Vista Group International was trading up by 3.88% at NZ$2.410.

PaySauce Limited

PaySauce Limited (NZX:PYS) has recently provided an impressive quarterly update on the Q4 of FY21.

The processing fees increased 42% YoY to NZ$526K at the end of FY21. Also, there was a rise in the value of the gross payroll processed during the said quarter.

With an increased processing fees and low interest rate during Q4, the Company achieved recurring revenue growth of 30% YoY to NZ$558K.

The Company saw a rise of 100 new clients by way of its net growth in the last quarter. Thus, taking the number of payroll business customers up 36% to 3,377.

The Company has also entered into a partnership with ‘BNZ PayNow’ to solve the payday lending problems of the Kiwis.

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On 19 April at the time of writing, PaySauce was trading up by 3.33% at NZ$0.310.

Promisia Healthcare Limited

Promisia Healthcare Limited (NZX:PHL) raised NZ$1.7 million via its share purchase plan (SPP), which will provide the Company with working capital requirements and also give sufficient funds for future growth and acquisitions.

Moreover, PHL has also issued new shares worth NZ$450K to wholesale investors and is determined to issue the remaining capitalisation shares to the Brankin Family Interest Trust.

Further, the Company has again declared the allotment of NZ$250K additional new shares.

Must Read: Are These 4 NZX Stocks Gainers And Losers Of The Day- PHL, GEO, ENS, MEE?

On 19 April at the time of writing, Promisia Healthcare was trading down by 50.00% at NZ$0.001.

Geneva Finance Limited

Geneva Finance Limited (NZX:GFL) provided earning guidance for FY21 wherein, it anticipates NPBT to be up 56% on pcp, i.e. between NZ$6.3 million to NZ$6.5 million. This is because of impressive trading results in consumer finance, insurance, etc., since September 2020.

As a result, the board had restored the final dividend to 2.25cps, which was earlier reduced to 1.75cps, owing to lockdowns and restrictions.

The Company remains optimistic about its future trading operations related to insurance, and debt collection business, and aims at improving profits across all its business channels.

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On 19 April at the time of writing, Geneva Finance was trading down by 5.00% at NZ$0.570.

SMW Group Limited

SMW Group Limited (NZX:SMW) in its half-year results ended 31 December 2020, announced NZ$2.4 million as a net loss after income tax. It is noted that the coronavirus pandemic had a severe impact on the global mining industry, which witnessed several cancellations and suspension of projects in the first half of FY2021.

In spite of these, the Company is observing a rise in its activities in recent months and continues to maintain healthy relations with its clients and customers. It is hopeful of improving its trading operations in the future as commodity prices improve.

Moreover, the Company acquired All Industrial Network Limited (AIN) in July 2020, which will increase its capability to bid and compete for tenders, opt for bigger contracts, and enhance its overall operations and growth strategy.

Must Read: How Did The 4 NZX Stocks Perform In Financial Results - GSH, SMW, GEO, TGG?

On 19 April at the time of writing, SMW Group was trading down by 3.33% at NZ$1.450.


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