Why These 6 Stocks Moved Or Remained Static On NZX Today- MLN, ENS, NWF, ALF, EVO, SKT

Summary

  • Marlin Global announced gross performance return of 10.2%, exceeding its own global benchmark.
  • Enprise Group revealed the appointment of a new director for its investee company.
  • Evolve Education Group successfully completed its institutional placement of shares.
  • Sky Network Television declared a fresh approach in its leadership structure with a smaller executive and wider crew base.

Every day, NZ stock exchange buzzes with several news bulletins by the companies, which draw investors’ attention and interests.

As a result, several stocks experience an upward trend in their prices. On the other hand, some of them face a downward price movement.

While some announcements prove to be beneficial and are of interest to the shareholders, others resort to disappointments.

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Now let us look at the stocks with major movements on NZX by the end of the trading session.

Marlin Global Limited

On 4 May, Marlin Global ended the day's trading session in green, up by 3.97% at NZ$1.570.

Marlin Global Limited (NZX:MLN) is an investment company, which invests in growing international companies and stocks. The Company experienced a strong quarter by delivering a gross performance return of 10.2% (as on 31 March 2021), thereby topping its own global benchmark, which earned 8.6%.

As per the quarterly newsletter released for March 2021, the NAV of the Company was valued at NZ$1.18 and the share price was recorded at NZ$1.30 cps as at 31 March 2021.

Some of the major portfolio holdings of Marlin Global are:

  1. Facebook with 10.8%
  2. Signature Bank with 6.6%
  3. Alibaba Group with 6.3%
  4. Mastercard with 5.1%
  5. PayPal Holdings with 4.4%

Further, the Company paid a quarterly dividend of 2.21 cps on 26 March 2021.

Enprise Group Limited

On 4 May, Enprise Group ended the day's trading session in green, up by 24.41% at NZ$1.580.

Enprise Group Limited (NZX:ENS) recently announced that a US director, Eric Hernaez, had been appointed as a non-executive director by its investee company, Datagate.

Moreover, Hernaez has invested 75,000 shares in the Datagate for NZ$165,000.

NZ Windfarms Limited

On 4 May, NZ Windfarms ended the day's trading session flat at NZ$0.210.

NZ Windfarms Limited (NZX:NWF) recently revealed that it had agreed on the terms and conditions laid down for its third Variable Volume Fixed Price Agreement for its entire production.

The duration of the said agreement is from 1 January-30 September 2022. It is noted that a previous agreement for production is already existing.

Moreover, the management expects higher EBITDAF guidance for FY2022 than for FY2021. However, exact figures will be revealed once the budget has been approved by the board in the coming 3 months.

Allied Farmers Limited

On 4 May, Allied Farmers ended the day's trading session in red, down by 3.08% at NZ$0.630.

Allied Farmers Limited (NZX:ALF) acknowledged the conditional acquisition of 14 big dairy assets based in South Canterbury and North Otago by the New Zealand Rural Land Company Limited (NZX: NZL).

The above settlement involves a purchase price of about $114 million.

It must be noted that ALF has 50% interest in NZL’s external manager i.e. New Zealand Rural Land Management Limited Partnership.

Also Read: How these 6 NZX stocks are performing today - MFB, ALF, AMP, PX1, AIA, MZY

Evolve Education Group Limited

On 4 May, Evolve Education Group ended the day's trading session flat at NZ$1.240.

Evolve Education Group Limited (NZX:EVO; ASX:EVO) had successfully completed the institutional placement, thereby raising AU$21.7 million, which was supported both by the existing as well as the new institutional investors.

The funds raised will be utilised towards expansion and future centre acquisitions in Australia.

Do Read: How Are These 6 Stocks Moving On NZX Today-EVO, TRU, LIC, RUA, RAK, GXH?

Sky Network Television Limited

On 4 May, Sky Network Television ended the day's trading session unchanged at NZ$0.176.

Sky Network Television Limited (NZX:SKT; ASX:SKT) lately announced a modification in the Company's leadership approach.

The changes would comprise a relatively smaller executive board, which would include Sophie Moloney as the Chief Executive, Andrew Hirst as the Chief Financial Officer (interim), Michael Frampton as Operations Officer, Jonny Errington as the Chief Commercial Officer, etc.

Further, the larger crew of SKT leaders would report to the Executive team and will aim at enhancing the customer services and delivery aspects.

Detailed information on Sky’s strategy and the future would be announced at its Investor’s Day, which is going to be held on 2 June 2021.

Must Read: 5 NZX stocks that are in focus today – SKT, RBD, NZO, HLG, WBC, DOW

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