- Several stocks traded in the green today in the NZ market, owing to the dynamic market conditions.
- Genesis Energy Limited following strict emission control measures to reach goals.
- Blis Technologies Limited revealed increased revenue.
Having witnessed various market changes according to the dynamic world economy, there are several surprise stocks that have been trading in green. Let’s have a look at some bullish stocks that might interest investors.
Vista Group International Limited (NZX:VGL)
The company, which offers film industry solutions globally, has recently announced the appointment of its an independent director, James Miller. Susan Peterson of the chair committee is of the view that a Director of such potential joining the team will be very beneficial for the organisation. The company has further announced that the full-year results for FY2020, ending December 31, 2020, shall be released on March 1, 2021. The company has witnessed green trading in recent days due to the market trend being in favour of industrial development in the field, after a slump was witnessed last year.
On 24 February, 2021, Vista Group International stock closed at $1.660, up by 7.10%, at the time of writing this article.
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Metro Performance Glass Limited (NZX:MPG)
Offering high-quality glass to various industries, the group offered solid performance, which wasn’t affected by the uncertain market condition due to the coronavirus pandemic. According to the recent guidance issued by the Company, they are going to focus on bringing the business back to pre-COVID-19 levels. Cost management remains to be the primary focus with debt reduction and cash generation being the important goals. For the year ending March 2021, the company expects EBIT to be betweenN$16.5M and N$18M. The Full-year results will be out in May 2021. The Company also plans to resume paying dividends after it reviews its capital allocation policy.
On 24 February, Metro Performance Glass Limited closed at NZ$0.415, up by 2.47%, at the time of writing this article
Genesis Energy Limited (NZX:GNE)
This energy Company, which is known to supply strong energy services across various industries, recently released its FY21 report for the second quarter. Marc England, the Chief Executive of the Company, was of the view that the most stringent emission control targets were put in place by them to ensure their goals were met. Announced on February 11 that the FY21 interim results should be declared on 25 February, it remains to be seen how the company has fared statistically in the recent times.
On 24 February, Genesis Energy Limited closed at N$3.515, up by 2.18%
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Blis Technologies Limited (NZX:BLT)
The creator of the world’s leading probiotic, Blis Technologies Limited, revealed new investment plans in various markets, and a trading revenue of N$8.2M, which was a 10% increase from pcp. Besides this, a 12% of EBITDA increase was witnessed, making it N$1.5M. The outlook for FY21 is positive with an expected EBITDA ranging from N$1.0M to N$1.3M.
On 24 February, 2021, Blis Technologies stock closed at N$0.066, up by 3.13% .
Smartpay Holdings (NZX:SPY)
The EFTPOS provider released a trading update in January 2021, revealing 24% revenue increase from the pcp and its steady performance has shown recovery from the effects of the COVID-19 pandemic, in terms of New Zealand. As for Australia, the revenue has grown by 75% from the pcp. There is a positive outlook for the upcoming year and the Company hopes to grow from strength to strength. Australian acquiring margin also shows upward movement.
The Company is poised for growth from Australia, while the New Zealand market is stable, contuinuing its positive growth.
On 24 February, 2021, Smartpay Holdings stock was trading at N$0.930, up by 3.33%, at the time of writing this article.