How Are These Hot NZX Stocks Performing today - CRP, ALF, TLL, MHM, AIR

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 Summary

  • Chatham Rock Phosphate Limited displayed positive growth recently.
  • TIL Logistics Group revealed increased EBITDA in 2020 besides recent gains.
  • Air New Zealand recovering from COVID-19 crisis, heading towards better business.

With the ever-evolving market conditions, NZX faces various ups and downs each day. Let’s cast a glance at the hot stocks of the day and see how they have performed.

Chatham Rock Phosphate Limited (NZX:CRP)

The Company on 21 February revealed that the last few months had been positive for the shareholders. With the help of corporate initiatives, the Company has attracted new investors. It further announced a private placement that was non-brokered -- 10,000,000 common shares at a price of N$0.07 for each share.

On 24 February, Chatham Rock Phosphate Limited was trading down at 6.47% at NZ$ 0.159, at the time of writing this article.

Allied Farmers Limited (NZX:ALF)

As per the annual report for 2020, the NPAT till June 30 was recorded to be NZ$1.099M. Despite the lull witnessed due to the coronavirus pandemic, the Company displayed resilience and offered contingencies that were able to keep it afloat. The outlook for 2021, though positive, was relatively cautious. The Company hoped to be able to meet the changing demands of the buyers. On January 14, the company had a capital change notice announcement regarding the issuance of 50% shares for New Zealand Rural Land Management Limited along with the general partner.

On 24 February, Allied Farmers Limited was up by 1.89% at NZ$0.540, at the time of writing this article.

TIL Logistics Group Limited (NXZ:TLL)

With improved results in various sectors of trading, TIL Logistics Group saw a 38% increase in EBITDA, recorded at N$32.9M. The Net Profit After Tax was recorded to be N$2.7M. The profit and group revenue earnings witnessed an increase in the 6 months ending 31 December 2020. The sales revenue was recorded to be $179.2M. The operating cash flow recorded was N$27.4M. Even though the market conditions are currently volatile, the outlook for 2021 was to diversify into different segments like training, infrastructure, health, and safety etc.

On 24 February, TIL Logistics Group Limited was trading flat at $1.040, at the time of writing this article.

MHM Automation Limited (NZX:MHM)
This Automated Systems construction and supply Company recorded a total operating revenue of N$24.7M. The EBITDA was recorded to be 63% higher at N$1.46M. The NPAT for 6 months till 31 December 2020 was N$372K. Despite COVID-19-related restrictions, the Company has managed to attain increased profitability, displaying strong strategic moves. It hopes to continue the profitable streak in the upcoming year too.

On 24 February, MHM Automation Limited was trading down by 1.39% at NZ$0.710, at the time of writing this article.

Air New Zealand (NZX:AIR)

While the last year displayed troubled times for the national carrier, it had slowly started gaining momentum towards the end of the year. According to the data book released, the operating revenue was recorded to be N$4836M. The Company remains committed towards serving its passengers with the best options as the COVID-19-related restrictions are beginning to relax and services are opening for worldwide destinations.

On 24 February, Air New Zealand was trading flat at N$1.595, at the time of writing this article.

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