- Summerset Group Holdings remained poised during the 2nd half of 2020 and delivered an NPAT of NZ$231 million in 2020.
- Oceania Healthcare and Arvida Group will declare their financial results on 21 May and 25 May, respectively.
- Promisia Healthcare raised NZ$1.7 million through SPP.
New Zealand’s Finance Minister Grant Robertson's 'Wellbeing Budget 2021' is just a few hours away from being delivered, everybody is looking forward to it in the anticipation of what is in store for them.
As per the reports, the Government is planning to put aside funds worth NZ$10 billion for aged care and home care packages.
However, the Royal Australasian College of Physicians (RACP) has concerns over it as it feels the above allocation of funds is insufficient to bring the much-needed overhauling in the aged care facility.
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Further, the Commission had made 148 recommendations in its report, which was presented in the Parliament in March 2021.
One of its suggestions included that the prevailing aged care system was marked by feeble regulations. Improved directives need to be in place, which calls for sufficient funding for well-positioned and quality care.
It is need of the hour to provide good and appropriate financial, mental, and physical benefits to the elderly citizens living in the retirement villages, which calls for increased levels of federal funding.
Given the above background, let us explore the 5 NZX retirement stocks.
Summerset Group Holdings Limited
Summerset Group Holdings Limited (NZX:SUM) held its annual meeting towards April end, wherein the management mentioned the impressive second-half performance in 2020 amid the coronavirus pandemic.
The Company achieved an NPAT of NZ$231 million and underlying profit amounting to NZ$98 million in 2020. Its operating cash flows stood at $267 million towards the year-end. It had declared a total dividend of 13 cps for 2020.
SUM is committed to cut down on its carbon emissions in its design and building processes by 62% in the coming 10 years.
On 20 May, at the time of writing, Summerset Group Holdings was trading up by 0.48% at NZ$12.600.
Arvida Group Limited
Arvida Group Limited (NZX:ARV) would declare its annual statements on 25 May 2021. Also, Mr Peter Wilson, ARV's Chair, would exit the Company in September 2021.
Thereafter, Jeremy Nicoll, the current CFO, will be assigned the new role as the CEO in October 2021.
On 20 May, at the time of writing, Arvida Group was trading up by 1.10% at NZ$1.840.
Oceania Healthcare Limited
OCA will announce its 10-month result on 21 May 2021.
On 20 May, at the time of writing, Oceania Healthcare was trading down by 0.74% at NZ$1.350.
Ryman Healthcare Limited
Ryman Healthcare Limited (NZX:RYM) is another company that operates in the healthcare sector. It had recently made an addition to its board by hiring Greg Campbell as an independent director, whose experience exceeds 25 years in leading organisations of the nation.
The Company will announce its full-year results on 21 May 2021.
On 20 May, at the time of writing, Ryman Healthcare rose by 0.48% at NZ$14.670.
Promisia Healthcare Limited
Promisia Healthcare Limited (NZX:PHL) notified its stakeholders that it had raised capital worth NZ$1.7 million through a share purchase plan.
It had issued new shares worth NZ$450,000 on March-end. Further, additional shares amounting to NZ$250,000 were issued on 1 April 2021. The capital thus raised would be utilised towards future growth and development.
On 20 May, at the time of writing, Promisia Healthcare was trading flat at NZ$0.001.