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Highlights
- Technology stocks are a leading indicator of the country’s economy.
- Serko’s NZ$10-million retail offer is open for all the eligible shareholders, the last date of which is 14 December.
- EROAD completes the acquisition of Coretex Limited.
Broadly speaking, technology stocks comprise electronics, software, and AI-based companies and those engaged in businesses related to IT. The value of these companies cannot be undermined as they form the backbone of a nation’s advancement.
With this overview, let us skim through the five most popular NZX technology stocks worth investing in next year.
Image source: © 2021 Kalkine Media, data source- EODHD/Others
Serko Limited (NZX:SKO; ASX:SKO)
Imparting innovative solutions to its customers on corporate travel management is Serko Limited. The Company has announced the opening of its retail offer worth NZ$10 million, which would close on 14 December.
All the eligible shareholders can either apply online or through a hard copy of the said offer.
Results of the same would be announced on 17 December, and the shares would be allotted on 21 December.
On 3 December, at the end of the trading session, Serko dropped by 0.46% at NZ$6.430.
EROAD Limited (NZX:ERD; ASX:ERD)
EROAD Limited is a transport technology and services-driven company. On 1 December, the Company announced that it had completed the acquisition of Coretex Limited, a telematics solutions provider.
Related Read: EROAD (NZX:ERD) How would latest acquisition help increase sales?
The said acquisition would accelerate ERD’s growth opportunity in Australia and North America and would also strengthen its product and customer base.
Further, ERD has appointed Selwyn Pellett as an Executive Director to its Board.
On 3 December, at the end of the trading session, EROAD fell by 2.00% at NZ$4.900.
Plexure Group Limited (NZX:PX1)
Focusing on mobile engagement is Plexure Group Limited. Today, the Group revealed that its newly acquired TASK business had been chosen by the Venues NSW team to install its transaction management platform across the Sydney Football Stadium and the Sydney Cricket Ground.
Do Read: Plexure (NZX:PX1) finalises TASK Deal and name its new TASK clients
The Group is thrilled on securing this milestone partnership with Venues NSW, which would help in strengthening its market presence.
On 3 December, at the end of the trading session, Plexure Group rose by 2.44% at NZ$0.420.
Geo Limited (NZX:GEO)
Geo Limited offers smart mobile solutions to its customers. On Thursday, the Company announced that it had successfully completed its shareholder approved placements, which was strongly supported by its investors, thus witnessing a capital raise of around NZ$7 million.
Proceeds of the capital raise would be deployed to strengthen GEO’s investment activities across ANZ and international markets.
Related Read: Would these 5 NZX penny stocks take the market by storm in 2022?
Also, the Company would refund the surplus application amount as per the terms of the offer document.
On 3 December, at the end of the trading session, Geo traded flat at NZ$0.165.
Vista Group International Limited (NZX:VGL; ASX:VGL)
Vista Group International Limited provides software and tech solutions to the global film industry. The Company had revealed that Will Palmer, the CEO of its group company, Movio, would seek a departure from the Company at the year end.
Interesting Read: Which are 5 NZX technology stocks with healthy 6-month returns?
VGL’s CEO acknowledged Palmer’s contribution to Vista Group’s success.
On 3 December, at the end of the trading session, Vista Group International climbed by 0.44% at NZ$2.270.
Bottom Line
During these uncertain times of the pandemic, while most of the companies are struggling to sustain their performance and profitability, the technology sector has thrived and has impressed its investors with its growth.