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Highlights
- Small caps are young, dynamic companies often with a lot of potential to grow into large caps.
- The Colonial Motor Company would be holding a physical Annual Meeting on 5 November this year.
- PGG Wrightson rescheduled its online Annual Shareholders’ Meeting to 6 December 2021.
Small caps are companies with a market cap valued between NZ$300-NZ$2 billion. These are young, dynamic companies often with a lot of potential to grow into large caps.
An investor often aims toward a balanced portfolio with a good mix of small and large caps offsetting the risks associated with investing in all of them.
On the given backdrop, let’s explore a few NZX-listed small caps and check their recent updates.
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Hallenstein Glasson Holdings Limited (NZX:HLG)
Popular for its fashion wear, Hallenstein Glasson Holdings Limited’s stores are located across NZ.
A month ago, the Company declared its annual results for the duration closed 1 August this year.
During the period, the Group’s sales stood at NZ$350.76 million, increasing by 21.9% on pcp, while the NPAT (audited) was noted at NZ$33.32 million, rising by 20% on pcp.
Which NZX small caps have the potential to become large caps?
Directors of the Company postponed the final dividend distribution until a few cities in both Australia and NZ came out of lockdowns and retail stores begin trading again.
On 29 October, at the time of writing, Hallenstein Glasson was trading at NZ$7.06, up by 0.28%.
Related article; How Did Retail Sector Respond To Fair Pay Proposal? A Look At WHS, KMD, BGP, HLG
The Colonial Motor Company Limited (NZX:CMO)
Owner of motor vehicle dealerships throughout NZ, The Colonial Motor Company Limited, also sells trucks and tractors.
Last week, The Colonial Motor Company conveyed that it was confirming the Annual Meeting to be held in person on 5 November this year. Also, the Company intends to live stream the physical meeting for those who cannot take part in it.
The Colonial Motor Company, at the time of writing, 29 October, was trading flat at NZ$10.5.
Also read; The Colonial Motor (NZX:CMO) Releases Admirable Half-Year Results
South Port New Zealand Limited (NZX:SPN)
The provider of a complete range of marine services and container shipping, South Port New Zealand Limited is perfectly located to cater to Southland’s important export and import sectors.
Last month, the Company notified the market on ASM to be conducted on 29 October in person at South Port Board Room.
Also, South Port has been minutely observing the pandemic situation in NZ for a month now. The Company was flexible enough to change the format of the in-person meeting in case of any substantial development or in case of any health hazard to its attendees.
South Port at the time of writing at NZ$8.9, up by 0.39%, as on 29 October.
Must read; Do These 5 Stocks Hold All The Aces On NZX- SPN, GFL, FCG, KFL, AIR?
Seeka Limited (NZX:SEK)
Providing superior-quality produce to retailers and wholesalers in NZ and abroad, Seeka Limited gives wholly integrated orchard to market service.
Recently, Seeka notified on stakeholders’ update, where it mentioned its 1H21 performance, strategy, FY21 operational guidance, business growth in 2021, agritech and sustainability, etc.
On 29 October, at the time of writing, Seeka was at NZ$5.3, marginally down by 0.56%.
Did you read; How did Seeka (NZX:SEK) Settle A Decade Old Kiwifruit Claim?
PGG Wrightson Limited (NZX:PGW)
Functional for 165 years, PGG Wrightson Limited works within the rural supply chain across NZ.
As per the Company’s latest update, it has rescheduled its online Annual Shareholders’ Meeting on 6 December this year.
Last month, PGG Wrightson had notified about the ASM to be held on 19 October. However, earlier this month, owing to COVID-19 alert level restrictions, it was deferred.
PGG Wrightson was trading at NZ$4.55, at the time of writing ,rising by 1.11% on 29 October.
An interesting read; 5 NZX Gainers and Decliners of the day- BRM, CAV, PGW, SKL, CDI
Bottom Line
While exploring small caps to be added into one’s portfolio, long-term investment should be considered to actually get benefits. Apart from adding to the diversified portfolio, small caps are likely to have prospects of decent returns.