What triggered stock price movements on NZX - CGF, PYS, ENS, NZO, NZA, FPH

Every day, the New Zealand stock exchange begins with a flurry of corporate news announcements and updates, piquing the curiosity of investors.

Many trade analysts and specialists keep track of which stocks are rising and which are falling in the stock market. They are often the equities with the most momentum in the day.

Source: Copyright © 2021 Kalkine Media

Let’s have a look at 3 biggest gainers and 3 biggest decliners for the day.

Cooks Global Foods Limited (NZX:CGF)

Cooks Global released its preliminary results for FY21 on 31 May. In the suburbs, CGF's stores have been mostly unaffected by COVID-19. In FY21, overall group revenue from continuing activities fell 26.8% to $3.1 million, resulting in a $3.6-million net loss before taxes from continuing operations.

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In June 2020, the Group purchased Triple Two Coffee business, bringing scale to the core UK market and establishing CGF as the UK's fourth coffee-focussed chain.

On 2 June, CGF ended the trading session at $0.3, up 7.14% from its previous close.

PaySauce Limited (NZX:PYS)

PaySauce witnessed an energising FY21 as the Group experienced growth in majority indicators.

While it reported a 44% increase in its recurring revenue with higher customer numbers, the revenue from processing fees recorded a 59% jump. Gross margin also increased to 68% for the year ended 31 March 2021, up 62% on pcp due to increased efficiency gains.     

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The Group is working on its transition from payroll app to fintech with the addition of Rosters and BNZ PayNow, and is tapping prospects to fast-track its growth in markets.         

On 2 June, PYS ended the trading session at $0.3, up 7.14% from its previous close.    

Enprise Group Limited (NZX:ENS)

Enprise Group has stated that Datagate Innovation (an Enprise investee) had recruited Eric Hernaez, a US non-executive director who has invested $165,000 in 75K shares.

NZRegCo also inquired about the pricing of Enprise. Between April 29 and May 4, 2021, the share price of ENS had increased by 18.18%.       

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On 2 June, ENS ended the trading session at $1.81, up 5.23% from its previous close.   

New Zealand Oil & Gas Limited (NZX:NZO)

New Zealand Oil & Gas Group recently agreed to buy interests in 3 producing Northern Territory assets from Central Petroleum for AU$29 million. The purchase would increase NZO’s 2P (proved and probable) reserves by 14.5 million barrels of oil with further possibility for exploration.

While NZO will buy 70%, Cue Energy Resources will purchase 30% of assets sold by Central petroleum. The effective date of the agreement is 1 July.

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On 2 June, NZO ended the trading session at $0.42, down 6.67% from its previous close.   

NZ Automotive Investments Limited (NZX:NZA)

NZ Automotive reported an NPAT of $3.8 million in FY21, slightly over the projection range of $3.3 million-$3.7 million. However, the Group posted a decline in sales and income owing to COVID-19.

The Group declared a 5cps dividend for FY21, which will be paid on June 17, 2021. By utilising its retail sector, NZAI hopes to build a comprehensive automotive services firm in the long run.

On 2 June, NZA ended the trading session at $1.08, down 5.26% from its previous close.   

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH, ASX:FPH)

Fisher & Paykel posted an 82% and 56% rise in NPAT and operating revenue of $524 million and $1.97 billion, respectively, for FY21. The high numbers were as a result of Hospital product group, which includes Optiflow and Airvo systems to be used to deliver nasal high-flow therapy.

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The Board plans to pay a final dividend of 22cps on 7 July 2021.

On 2 June, FPH ended the trading session at $29.12, down 3.26% from its previous close. 

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



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