- Geo Limited announced an incentive and retention package for its chief revenue officer.
- Fisher & Paykel Healthcare Corporation witnessed a huge surge in its hospital hardware, which climbed to 446%.
- Marlborough Wine Estates Group released an update on its 2021 harvest, which recorded a lighter yield.
Every trading day witnesses change in prices trends of the various stocks being traded across the board. Numerous factors affect the stocks prices like company’s announcements, takeovers, change in policies, etc. Many stocks have witnessed fluctuating price trends due to the above-mentioned factors.
The benchmark S&P/NZX 50 Index, at the time of writing, was trading up 0.02% to 12,579.95 points on 23 April after dropping 1.1% to 12,535.3 on Thursday.
Let’s have a look at how these 6 NZX-listed stocks performed on 23 April.
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Let us have a glance at the 6 NZX gainers and decliners, which are turning the heads of the investors and stakeholders.
Geo Limited (NZX:GEO) has recently announced a retention package for its Chief Revenue Officer, Scott Player. The package comprises equity incentives for Player, which are linked with the achievement of minimum growth objectives and are subject to shareholders’ approval.
On 23 April, at the time of writing, Geo was trading flat at NZ$0.131.
Fisher & Paykel Healthcare Corporation Limited
Fisher & Paykel Healthcare Corporation Limited (NZX:FPH; ASX:FPH) had published its trading update, wherein it revealed that the ongoing pandemic had resulted in an increase in its hospital hardware sales.
The hospital revenue was up 73% on pcp for the nine months ended 31 December 2020. Moreover, hospital hardware grew 446%, and hospital consumables climbed 54% during the given period.
Given the prevailing economic conditions, the Company anticipates higher revenues and NPAT for FY21, the amount of which will be disclosed later.
On 23 April, at the time of writing, FPH was trading at NZ$34.55, up 0.44%.
PaySauce Limited (NZX:PYS) has announced a growth of 42% in its processing fee revenue in Q4 of FY21. Also, its client base grew more than100 in the current quarter, thereby taking its number of businesses processing up 36% YoY to 3377.
PYS saw a rise in the number of NZ employees, who are getting paid through the PaySauce app rose proportionately to just under 18,000.
Moreover, the Company has introduced a new product, BNZ PayNow, with an objective to provide Earned Wage Access and continues to focus on future business growth.
On 23 April, at the time of writing, PYS was trading at NZ$0.285, down 1.72%.
Marlborough Wine Estates Group Limited
Marlborough Wine Estates Group Limited (NZX:MWE) had recently shared that the 2021 harvest was relatively lighter in yield, down about 26% on last year’s harvest and is estimated to be lower by 20% on expected quantity in tonnes.
A lesser yield of grapes will result in lesser wine production and will affect the Company's profitability for the current financial year. This year, there is upward market pressure on grapes, and MWE plans to reach a higher price per tonne , which would help to mitigate any anticipated revenue loss.
On 23 April, at the time of writing, MWE was trading at NZ$34.55, up 0.44%.
AMP Limited (NZX:AMP; ASX:AMP) announced that there had been a slight decrease in NZ’s wealth management total AUM from A$12.4 billion recorded in Q4 20 to A$12.2 billion in Q4 21, the reason of which was the exit of a big corporate client. Further, the Company saw A$102 million as net cash outflows in the said quarter.
On 23 April, AMP revealed its intent to take up a demerger of AMP Capital’s private markets business after its decision to conclude talks with Ares Management Corporation concerning a prospective sale of Private Markets.
AMP remains focused on sustained business growth and continues to position capital in infrastructural funds.
On 23 April, at the time of writing, AMP was trading at NZ$1.23, up 1.65%.