A Lens On 5 Big NZX Stories To Catch Up On Friday Afternoon - GNE, JLG, HMY, GMT, TLT


  • Genesis Energy presented its governance roadshow, where it stated a minimum EBITDAF of NZ$400 million in FY21.
  • Harmoney Corp recorded a rise of +800% in its group originations.
  • Goodman Property remained poised and posted a statutory PBT NZ$648.9 million in its annual results for 2021.

Company announcements, updates, and press releases play an instrumental role in deciding the investor and market sentiments.

Economists, trade analysts, researchers, etc., keep a close watch on these announcements and study them thoroughly to ascertain their long-term effects on stock prices and future investment strategies.

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With the above-mentioned background, let us now explore the 5 NZX stocks brimming with the latest announcements.

Genesis Energy Limited

Genesis Energy Limited (NZX:GNE) notified all its stakeholders that the Company boasted of an experienced group of board members with diverse skill sets and backgrounds.

Despite facing lesser hydro inflows, Genesis Energy remained resilient and ensured a continuous supply of electricity to the households and businesses.

The Company expects its EBITDAF to exceed beyond NZ$400 million in FY21 and plans to decrease its emissions by a minimum of 1.2 million tonnes by 2025.

On 14 May, at the time of writing, Genesis Energy was trading up by 0.71% at NZ$3.56.

Do Read: Why These 7 NZX Stocks Are Making Heads Turn- KFL, GNE, ERD, MEL, RUA, CBD, SPY

Just Life Group Limited

Just Life Group Limited (NZX:JLG), in its newsletter to the shareholders, draws attention towards its rights issue, which closes on 21 May 2021.

It has also mentioned its 60% takeover of Designer Tanks and is in the process of acquiring About Health for NZ$17 million.

Further, the Company is working continuously to enhance its two strategic business segments- Healthy Living and Healthy Homes - and has appointed Beatrice Faumuina as the Global Ambassador for Just Life Group.

On 14 May, at the time of writing, Just Life Group was trading flat at NZ$0.840.

Must Read: Why To Consider 5 Hot NZX Dividend-Paying Stocks For Retirement?

Harmoney Corp Limited

Harmoney Corp Limited (NZX:HMY) has reported a massive increase of +800% in its cumulative group originations, which amounted to NZ$37.8 million in April 2021 in contrast with April 2020’s NZ$4.2 million.

The Company’s new generation pricing engine, LibraTM 1.8, is expected to be launched in New Zealand in July 2021, which is likely to enhance the new lending in the NZ market.

HMY expects higher group customer receivables in H2 FY21 and beyond.

On 14 May, at the time of writing, Harmoney Corp was trading down by 2.06% at NZ$1.900.

Should Read: How These 4 NZX Stocks performed today - PEB, NWF, HMY, AFT

Goodman Property Trust

Goodman Property Trust (NZX:GMT) recorded a NZ$648.9 million statutory PBT, up 128.2% on FY20, in its annual results for 2021.

The Company’s net tangible assets increased by 23% and its operating earnings before tax rose to NZ$114.9 million, up 4.7%.

GMT continues its focus on new capital management and sustainable business initiatives. It has provided a 4% rise in its cash earnings for FY22 and a minimum of 5.5. cpu as cash distributions.

On 14 May, at the time of writing, Goodman Property was trading in red, declining by 0.22% at NZ$2.255.

Tilt Renewables Limited

Tilt Renewables Limited (NZX:TLT) has released its FY2021 annual results, wherein it has declared the successful completion of Waipipi Wind Farm within the timeframe. Moreover, it has also finished the construction activities with all the 80 turbines running at Dundonnell, TLT’s biggest asset.

The Company reported an EBITDAF of AU$74.9 million and an NPAT of AU$67.0 million during the period. Cash and other financial assets stood at $313 million towards the year end.

TLT has provided NZ EBITDAF guidance in the range of AU$46 million to AU$48 million for FY2022.

On 14 May, at the time of writing, Tilt Renewables was trading flat at NZ$8.000.

Also Read: Tilt Renewables’ shares placed in a trading halt ahead of a better takeover bid

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