How Are These 5 interesting NZX stocks trading today?

Summary

  • These investment-based stocks have been the talk of the town today.
  • Offering dividends to half-yearly results and everything in between.
  • Templeton Emerging Markets have updated its 10 most prominent portfolio companies.

Stocks having made recent announcements usually create waves in the market. Investors are interested in knowing about the latest developments and market trends, to ensure that they can take appropriate actions for the relevant stocks at the earliest . Let’s cast a glance at how these 5 stocks have done after they made these announcements on the NZX.

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Property for Industry Limited (NZX:PFI)

This industry-centred property Company is responsible for over 90 properties across the country. On 22 June,  the Company announced an increase in the valuation outcome in the upcoming 6 months ending 30 June 2021. The estimated rise shall take the value of the portfolio to NZ$2 billion. Simon Woodhams, the CEO, was of the view that the industry property had emerged to be unwavering after the impact of the coronavirus pandemic.

On June 23, Property for Industry Limited traded flat at NZ$2.850, at the time of writing.

Read more: 6 NZX Stocks That Flourished And Dwindled Today- BIT, BRM, CGF, BLT, RUA, CDI

Precinct Properties Limited (NZX:PCT)

This Company specialises in dealing with commercial properties across the country. They offer long-term lease on the office properties. The Company announced today a retail offer for a value up to NZ$30 million. A part of the equity raise announced by the Company of value NZ$250M on 18 June, the Company is offering new shares worth NZ$220M to various New Zealand and Australia shareholders.

On June 23, Precinct Properties Limited traded at NZ$1.550, up by 0.32%, at the time of writing.

Also read: Look at these 5 interesting NZX Dividend stocks going Ex in June 2021

Read now: 5 stock stories creating a buzz on NZX - TLS, GSH, PCT, AIR, TGG

The Bankers Investment Trust Plc (NZX:BIT)

Another investment-based Company on the list, it offers attractive returns to the investors. The half-yearly results announced today for the period ending 30 April 21, witnessed an NAV of 114.3p, 90.7p per share. It has declared an interim dividend of 0.538p per share, which is payable on 31 August 2021. The dividend income for the period was recorded at £15.6 million, 28% increase from pcp.

On June 23, The Bankers Invest Trust Plc traded at NZ$2.350 up by 1.29% at the time of writing.

F& C Investment Trust Plc (NZX: FCT)

This Company founded in 1868 is known to be the oldest investment scheme ever. The Company made several important announcements today, right from its portfolio update to its net asset value to the declaration of dividend. It is offering a 3-pence dividend per share, increased from the pcp, when it was 2.90 pence per share; to be paid on 2 August 2021.

On June 23, F&C Investment Trust Plc traded at NZ$17.000 flat at the time of writing.

Don’t Miss : What is causing the price movement in these 4 NZX stocks?

Templeton Emerging Markets Plc (NZX: TEM)

This Company invests in projects with various growing economies like India, China, and Mexico. On 22 June, it has announced a portfolio update, the details of which can be seen on its website. It has listed their 10 largest holdings updated, which include the likes of Taiwan Semiconductor Manufacturing co Limited 11.83%, Samsung Electronics Co Ltd 10.85% and Tencent Holdings Limited at 8.4% besides others.


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