Why are these 6 stocks creating a buzz on New Zealand Exchange?


  • Mercury NZ sets date for the annual report release.
  • The a2 Milk Company reorganises its Asia-Pacific business and appoints two new executives in leadership positions.
  • DGL Group Limited announces new acquisitions.

Right at the start of the week, these stocks have been trending because of their latest updates and stock movement. Have a look at what they offer about the latest acquisitions, management changes, dividends, EDITDAF guidance, and annual reports and so on.

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Mercury NZ Limited (NZX:MCY)

This energy stock is trending today owing to many interesting developments it has offered in the past few days, factors like its 21 June 2021 announcement about the NZ$441-million acquisition of the retail business of Trustpower Limited, and revised FY2021 EBITDAF guidance of NZ$460 million, down from NZ$520 million offered by the Company on 9 June 2021. The latest update was made on 7 July 2021, stating that the annual results for the period till 30 June 2021 shall be rolled out on 17 August 2021.

On 12 July 2021, Mercury NZ Limited traded at NZ$6.560, up by 0.15%, at the time of writing.

The a2 Milk Company (NZX:ATM)

This milk-based stock is listed in Australia too, with its presence in Canada, China, the US, and the UK etc. In some of the Company’s latest updates, lies its New Zealand OIO acquisition approval for 75% of Mataura Valley Milk. There has been the addition of two new members to the leadership team of the Company, Yohan Senaratne, as the Executive GM, International, and Kevin Bush for ANZ. Xiao Li, who is in charge of Greater China, also will report to the CEO and MD.

On 12 July 2021, The a2 Milk Company traded at NZ$7.600 flat at the time of writing.

Also read: Why prices of these 6 popular stocks wobbled on the NZX

Genesis Energy Limited (NZX:GNE)

This is the largest electricity and gas retail Company in New Zealand. Of late, the Company announced that it would use the Fixed Price alternative, according to which, now the per tonne price would be $35 for carbon units. This is going to result in NZ$27 million increase in carbon prices while the EBITDAF for FY21 will witness a decrease.

On 12 July 2021, Genesis Energy Limited traded at NZ$3.500, up by 0.14%, at the time of writing.

Also read: Why are 10 NZX dividend stocks popular among investors?

Ryman Healthcare (NZX:RYM)

Owner of several old age care homes across the country, Ryman healthcare, is one of the top NZX-listed Companies. In the annual report disclosed last month, despite the COVID-19-afflicted challenges, the Company managed a NZ$224.4 million underlying profit, 7.4% lower than pcp. The full-year dividend paid by the Company was 22.4 cents per share.

On 12 July 2021, Ryman Healthcare Limited traded at NZ$13.120, up by 0.23%, at the time of writing.

Also read: Which 7 stocks are buzzing on the NZX today?

Fletcher Building Limited (NZX:FBU)

This company as the name suggests creates building parts in different verticals like concrete, distribution, and residential development, etc. Last month, the Company had revealed that its share buyback shall begin from 10 June 2021 and shall run for a period of a year for a maximum amount of NZ$300 million in shares. The listing shall be valid in both the ASX and the NZX.

On 12 July 2021, Fletcher Building Limited traded at NZ$7.240, up by 0.56%, at the time of writing.

Read now : Which are the best 10 dividend-paying NZX stocks?

Also read: Which are the hot shares trending on NZX? Which companies are in the NZX 50?

DGL Group Limited (NZX:DGC)

This Company deals in chemicals working through areas like mining, agriculture, and construction. Last month, it organised acquiring Labels Connect, which is a small-scale digital label printer. It also acquired a Victoria-based property. The Company sees it as a step in becoming the leading chemical company in the country.

On 12 July 2021, DGL Group Limited traded at NZ$1.570, down by 0.63%, at the time of writing.

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