- Capital structure proposal for Fonterra Group to be farmer-centric.
- Management updates announced by Tourism Holdings and Arvida Group.
- Freightways Limited offers date for result announcement.
The stocks of companies which make important announcements on the NZX make a significant movement intraday. Sometimes, the announcements are very big, in a way game changers for the Company but sometimes, they are small with no material impact on the Company’s profitability. The stocks also move accordingly and that’s why investors keep a close watch on the announcements.
Let’s have a look at the announcements and see what impact they have made on stocks.
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Fonterra Cooperative Group Limited (NZX:FCG)
This milk co-operative is responsible for several brands such as BegaTM, MainlandTM and Western StarTM etc. According to an announcement made Monday, the Company is set to draw a new proposal for the capital structure that shall be inclusive of farmers’ views. These suggestions shall include the minimum required shareholding for farmers which shall help contractors as well as sharemilkers to be able to hold shares in the Company.
On 20 July 2021, Fonterra Co-operative Group Limited traded at NZ$3.450, down by 1.43%, at the time of writing.
Arvida Group Limited (NZX:ARV)
One of the most widely spread aged- care facilities in the country, Arvida Group Limited focuses on dementia care besides other things. In the recently disclosed results of the annual shareholders meeting, Susan Peterson was voted to become the Director for the Company. The Director remuneration to be paid to the Directors has been revised to NZ$640,000, after the board was given the authority to fix the payable amount.
On 20 July 2021, Arvida Group Limited traded at NZ$2.070, down by 1.96%, at the time of writing.
Tourism Holdings Limited (NZX:THL)
This Tourism company offers holiday rental vehicles besides planning holidays. In a development updated by the Company, Jo Hilson shall now be the new Chief Technology offer. Maintaining the global IT operations for the Company shall be his KRA and he shall report to Nick Judd, the CFO of the Company.
On 20 July 2021, Tourism Holdings Limited traded at NZ$2.400, up by 0.84%, at the time of writing.
Summerset Group Holdings Limited (NZX:SUM)
Another aged-care provider, this Company has 31 retirement villages in New Zealand. It announced on Monday that the half-year results for FY21 shall be announced on 24 August 2021. In another recent announcement, the Company reported strong sales in the quarter ended June 2021. The sales were 270 in number.
On 20 July 2021, Summerset Holdings Limited traded at NZ$13.240, down by 0.08%, at the time of writing.
Freightways Limited (NZX:FRE)
This Company is involved in the packaging and business mail transport facilitation. In addition to informing that the full-year results by the Company shall be released on 23 August 2021, it was also recently announced that Fiona Oliver should be the new Director for the Company. Her diverse experience is being counted upon in areas such as investments M&As and governance.
On 20 July 2021, Freightways Limited traded at NZ$12.580, up by 0.84%, at the time of writing.
Fisher and Paykel Healthcare Corporation (NZX:FPH)
This Company offers home and commercial medical equipment. The latest announcement of the Company revolved around it paying a dividend for its investors from Australia, with the exchange rate used for the same to be AUD0.982980000. The dividend was since paid on 7 July 2021.
On 20 July 2021, Fisher and Paykel Healthcare Corporation traded at NZ$31.570, up by 2.23%, at the time of writing.