StockTalk

Thanks for sharing Shareguy, living up to your user name 😀  Good call by Craigs in my opinion.

I was very impressed with Malcolm Johns at the NZSA investor day held some months ago.  It was a bit disappointing he had to leave the briefing a bit early for an unexpected meeting with the Prime Minister but its clear John's has the PM's ear as a few weeks later the planned infrastructure of an import terminal for LNG was announced, then came another scheme of assistance to help large business's transition off natural gas and then some time after that the new proposed legislation that mandates the other Gentailiers are legally required to enter into contractual agreements to purchase back up generation capacity for the times when the wind isn't blowing (60% of the time according to Johns) and the sun is not shining, (80% of the time).

Gosh that was a LOT of change in a very short space of time since John's met with the PM. I think the recent changes in the landscape in terms of these matters are a tailwind for GNE who currently control 80% of the non renewable reserve generation market, according to Johns.
Disc: I've been quietly adding more GNE shares since I attended that very helpful N.Z. shareholders association company visit.    That one company visit was more than worth the annual membership fee to me.

Craigs have added to Kiwi conviction portfolio

Insert from latest note

We also introduce GNE to the portfolio with a 5% weight. GNE has long traded at a discount to its gentailer peers (MCY, MEL, CEN) given its higher exposure to non-renewables. However, our analyst research highlights i) GNE is well on its way to transitioning its portfolio to renewables and ii) that even after this transition is complete, it will offer a much higher yield. We think this yield gap will close over the next six years as GNE completes its transition (as happened to CEN), underpinning outperformance of c.30% relative to peers. We fund GNE by exiting MEL, given its lower yield relative to growth.

Quote from: snapiti on Jul 18, 2026, 07:20 AMbloody hell I have just caught up with the BRM share price, what a disaster that is for an investment fund.
Mixed feelings about it as I sold down my rather large (beagle size) chunk late last year, it was 30% of my investment portfolio then but only 5% this year, still the performance is so bad this year it will hurt over all returns quite badly for the year if things don't pick up.
A bit further on this, my decision to sell down last year was based on their portfolio having to much of their funds in stocks with massive PE's, XRO and WTC, as well as the fund managers seem to be doing little to adjust their portfolio. If you look at the BRM holdings very little has changed in the top 10 holdings for a couple of years.   

Snapiti, I don't think Fishers are that good. Their shares and Kiwi saver performance is not flash. As you pointed out they buy a share and hold onto it. They may well be right in the likes of BRM who have suffered the same fate as many funds holding Aust growth company's. Most of them that I follow are not selling either and in a number of cases have been busy buying on the way down. This suggests they are expecting the shares to go back to high multiples. Time will tell if they are right or wrong.

Quote from: Left Field on Jul 18, 2026, 10:01 AMI suspect the choices depend on individuals investing time-line..... eg KiwiSaver/ETF/Milford great for young investors, but less relevant of retired investors.

Likewise the weighting of your total portfolio in such 'bond equivalents' will change over time and should be reviewed regularly.

There is an opportunity cost if you tie too much of your funds in areas that are 'too conservative.'

Whatever stage you are at, it is important to set average annual return goals for your funds/investments/shares  and review them regularly. 

(Disc - have never used Fisher Funds tho' have used ETF's. As a retiree I hold only shares, cash and property.)
 

Agree it's very important your comment. "Whatever stage you are at, it is important to set average annual return goals for your funds/investments/shares  and review them regularly"

The most important rule in my opinion that many don't follow is diversification. Better to get rich slowly than risk losing capital.

Quote from: Shareguy on Jul 09, 2026, 03:40 PMI have no faith in Fisher funds and have recently transferred kiwi saver to Milford.

Low cost ETF hard to beat though.

I suspect the choices depend on individuals investing time-line..... eg KiwiSaver/ETF/Milford great for young investors, but less relevant of retired investors.

Likewise the weighting of your total portfolio in such 'bond equivalents' will change over time and should be reviewed regularly.

There is an opportunity cost if you tie too much of your funds in areas that are 'too conservative.'

Whatever stage you are at, it is important to set average annual return goals for your funds/investments/shares  and review them regularly. 

(Disc - have never used Fisher Funds tho' have used ETF's. As a retiree I hold only shares, cash and property.)
 

bloody hell I have just caught up with the BRM share price, what a disaster that is for an investment fund.
Mixed feelings about it as I sold down my rather large (beagle size) chunk late last year, it was 30% of my investment portfolio then but only 5% this year, still the performance is so bad this year it will hurt over all returns quite badly for the year if things don't pick up.
A bit further on this, my decision to sell down last year was based on their portfolio having to much of their funds in stocks with massive PE's, XRO and WTC, as well as the fund managers seem to be doing little to adjust their portfolio. If you look at the BRM holdings very little has changed in the top 10 holdings for a couple of years.   

SkyCity rose 3.5c or 6.54% to 57c after telling the market that the sale of 99 Albert St and properties on Victoria St in Auckland for $74.5m was now unconditional. The purchase is a joint venture between Christchurch funds manager Mainland Capital and Russell Property Group.

Solly said the market was now watching out for the sale of the Grand Hotel, rumoured to be in the vicinity of $250m. That would significantly reduce SkyCity's debt of $500m and the company has indicated that when the debt is at a comfortable level, it will resume paying a dividend.

Market close commentary - chunky price for the Grand if true.....

Price exits triangle at 0.54c expected to drop to 37.5c now a couple of cents under, future price determined by earnings 24th Aug note RVGI and double trix short-term rising in expectation.You cannot view this attachment.

Share split at bottom of channel & covid low, earnings end of Aug, price I believe will drift sideways to stay in channel and AVWAP's (2.29 -- 2.65) note topping on RVGI and double trix.
You cannot view this attachment.

Nice Divie announcement.
Details if Money Action:
Amount per security; any taxation and
credit details.
2.0 cents per share
Imputation credits of 0.778 cents per share
Number of Securities of this
Class on Issue post Corporate
Action
72,935,375
Ex Dividend Date 23/07/2026
Record Date 24/07/2026
Payment Date 31/07/2026