Look at the 10 NZX shares with above 100% annual gain

Summary

  • The price of a stock plays a significant influence in determining whether to trade or hold a stock.
  • The most recent developments have a significant impact on the stock price movement.
  • MHM Automation shares gained more than 169% annually, followed by 140% rise in Just Life shares and 152% rise in shares of Cavalier Corporation.

Stock markets keep their investors up to date on the current market developments by providing frequent updates from numerous firms. In addition, market experts, economists, traders, and others keep track of market highlights and trends in order to evaluate investor mood.

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Here’s a list of the 10 NZX50-listed stocks with more than 100% annual gain to date as compared to previous year.

MHM Automation Limited (NZX:MHM)

In the past 1 year, MHM stock has given a price return of 169.5%. On 22 July, at the time of writing, MHM was trading at $0.63, up 1.61%.

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The Group recorded a 46% rise in EBITDA to $2.4 million in FY21. MHM is witnessing strong existing workloads, projects performing above initial projections with the Group operating at capacity.

It expects an EBITDA of at least $3.5 million for the financial year to 30 June 2021.

Just Life Group Limited (NZX:JLG)

In the past 1 year, JLG stock has given a price return of 141.56%. On 22 July, at the time of writing, JLG was trading flat at $0.9.

The Group finalised its Rights Offer on 21 May 2021 and got strong investor support with 5.9 million new shares under the offer. It received nearly $4.1 million from the offer. It is also working on advancing 2 of its business segments and has appointed Beatrice Faumuina as the Global Ambassador for JLG.

Cavalier Corporation Limited (NZX:CAV)

In the past 1 year, CAV stock has given a price return of 152.38%. On 22 July, at the time of writing, CAV was trading at $0.53, up 1.92%.

CAV reported a strong YOY rise in profitability in H1 FY21 due to higher carpet sales and gains from the Auckland property sale and leaseback. It also showed good progress on its strategic initiatives.

CAV shares recently went into share price inquiry by NZRegCo due to a 25% increase in its share price in the period between 24 June 2021 to 1 July 2021. To this, CAV replied that it continued to comply with NZX disclosure obligations.

Source: Copyright © 2021 Kalkine Media

Geo Limited (NZX:GEO)

In the past 1 year, GEO stock has given the price return of 119.64%. On 22 July, at the time of writing, GEO was trading flat at $0.126.

Though the Group reported a 7.4% decline in revenue in 1H FY21 on pcp, its EBITDA grew by 91.1% to $(0.1) million from $(0.2) million on pcp with increased efficiencies on both operating and overhead costs.

In April, Geo’s Non-Executive Chairman Roger Sharp announced stepping down from his position on or before the company’s AGM in November this year.

Metro Performance Glass Limited (NZX:MPG)

In the past 1 year, MPG stock has given a price return of 117.5%. On 22 July, at the time of writing, MPG was trading flat at $0.435.

Metro Glass business stayed resilient in NZ in FY21, reporting a rise in net profit and cash flows. The Group reported improved and stable performance in Australia, but its business was impacted there in the latter half of FY21 due to lockdowns. MPG plans to pay dividends from FY22 interim results.

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On 2 July, MPG made a further offer to specific Metro Glass employees under its Long-Term Incentive Plan (LTI), initially adopted in 2016 for employee retention and reward performance, for 2022.

Tilt Renewables Limited (NZX:TLTASX:TLT

In the past 1 year, TLT stock has given a price return of 117.5%. On 22 July, at the time of writing, TLT was trading flat at $8.

Tilt reported a net profit of $67 million for FY21, delivering on its 2 main construction projects amid COVID-19. It also signed 2 Scheme Implementation Agreements (SIA) with PowAR in Australia and Mercury NZ in NZ.

The Group also completed the Waipipi Wind Farm in March 2021, while the Dundonnell Wind Farm is on track towards its final completion.

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On 14 July, TLT approved a special dividend of 6.5cps that will be paid on 30 July.

Steel and Tube Holdings Limited (NZX:STU)

In the past 1 year, STU stock has given a price return of 105.17%. On 22 July, at the time of writing, STU was trading flat at $1.2.

STU steadily recovered after COVID-19 lockdown. The Group expects an EBIT of $20-$22 million for FY21 amid improved customer services, investment in digital, and a significant reduction in costs. It expects to pay a final dividend in September 2021.

Source: Copyright © 2021 Kalkine Media

Pacific Edge Limited (NZX:PEB)  

In the past 1 year, PEB stock has given a price return of 108.62%. On 22 July, at the time of writing, PEB was trading flat at $1.22.

PEB reported strong results in FY21. It showed strong momentum in H2FY21 due to CMS reimbursement coverage from 1 July 2020 and increasing commercial acceptance of its main product, Cxbladder.

On 8 July, PEB's new paper verifying the diagnostic performance of Cxbladder Resolve (CxbR), its fourth Cxbladder test, was approved for publication.

Fletcher Building Limited (NZX:FBUASX:FBU)

In the past 1 year, FBU stock has given a price return of 108.62%. On 22 July, at the time of writing, FBU was trading at $7.29, up 0.28%.

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The Group started its on-market share buyback program on 10 June 2021 and targets a capital return of up to $300 million. It also upgraded its guidance with EBIT expected to be between $650 million to $665 million for FY21 at the top end of the earlier range.

Serko Limited (NZX:SKOASX:SKO)

In the past 1 year, SKO stock has given a price return of 105.72%. On 22 July, at the time of writing, SKO was trading at $7.45, down 0.13%.

Serko reported a revenue loss of 52%, with the figure falling to $12.4 million in FY21 from $25.9 million in FY20. The business was affected due to less domestic and almost no international travel amid the COVID-19 pandemic. However, SKO witnessed improved travel bookings from the Australasian business by the end of 2020.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)

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