AUS
NZ
UK
CA
USA
IND
.jpg)
Highlights
- Investing in tech stocks are sure to reap benefits in the long term.
- Geo announced an oversubscription of its placement offer and share allotment is likely to happen in the first week of December.
- EROAD receives Commerce Commission’s nod for acquiring Coretex.
Technology stocks are prime indicators of a country's economy as well as the stock market. In fact, in today's modern world, no sector of the economy could progress without the help of technology. Hence, technology is a must for the advancement of a nation and investing in tech stocks is a great long-term bet.
That said, let us quickly take a glance at the five popular NZX-listed tech stocks that can be looked at by investors in 2022.
Image source: © 2021 Kalkine Media, data source- EODHD/Others
Geo Limited (NZX:GEO)
Geo Limited functions as a SaaS-based company offering solutions to mobile businesses. Today, it announced that its Shareholder Placement Offer had been closed oversubscribed.
GEO’s NZ$1-million offer was well supported by its shareholders, and the allotment of the shares is likely to occur on 3 December.
On 22 November, at the closing bell, Geo traded flat at NZ$0.185.
Serko Limited (NZX:SKO)
Serko Limited is a tech-based company focusing on providing innovative solutions related to corporate travel and expense management.
Do Read: Why should 5 tourism stocks worry about 2022, not 2021?
On 24 November, the Company would release its half-year results for the period ended 30 September 2021.
Further, a management discussion would be held after the announcement of the results.
On 22 November, at the closing bell, Serko remained unchanged at NZ$7.850.
EROAD Limited (NZX:ERD)
EROAD Limited is well known for providing easy-to-use tools for drivers’ safety. Recently, the Company announced the Commerce Commission's approval for the acquisition of Coretex Limited, which offers cloud-based visualisation software for the fleet.
Interesting Read: EROAD (NZX:ERD) unveils a new useful video solution
The said acquisition, which would be completed on 1 December, would accelerate ERD's growth metrics across Australia and North America, thereby broadening both its products as well as customer base.
On 22 November, at the closing bell, EROAD dipped by 0.94% at NZ$5.250.
Gentrack Group Limited (NZX:GTK)
Offering innovative cleantech solutions across the utility sector is Gentrack Group Limited. It has announced to conduct an investors' briefing on 25 November to review its FY21 results.
Must Read: Which are the 11 popular software stocks on NZX?
It is noted that the said briefing would be available both through webcast as well as audio-only services.
On 22 November, at the closing bell, Gentrack Group declined by 2.70% at NZ$1.800.
ikeGPS Group Limited (NZX:IKE)
ikeGPS Group Limited witnessed the departure of its Chair, Mr Rick Christie, who was associated with the Company ever since its listing on the NZX.
However, Christie would continue to function as an Independent Director till March next year.
IKE’s Dy. Chair, Mr Alex Knowles, is the new Chair, who is also a Non-Executive Director.
On 22 November, at the closing bell, ikeGPS Group was down by 2.97% at NZ$0.980.
A Quick Read: ikeGPS (NZX:IKE) signs NZ$1.6m customer contract extension
Bottom Line
Tech-oriented companies are generally one of the most dominant companies across the country. Their investors are likely to get benefited by way of impressive gains in the long run.