NZ sharemarket - look out!

[rogson]

Contact gone, CHH gone, Waste Mgmt gone...... things are getting thin.....too much mindless money chasing too few reputable stocks?

[doc]

Don"t know about that if you were already in the market with the right mum and dad stocks you would be pretty happy at the moment. The next step as you indicate is the prob.... Can't believe Fletcher Buildings run at the moment

[Blackbird]

Contact gone, CHH gone, Waste Mgmt gone...... things are getting thin.....too much mindless money chasing too few reputable stocks?

Working for CHH, I've done just fine from Mr Hart thanks. He can now make me reduntant if he likes

The investment market is a minefield. I got professional advice re a share, bonds and cash portfolio a few years back and it paid off. I initially got advice on an investment strategy from the consultant who looks after our company superannuation plan, plus several others. I was a bit alarmed when he said that he only trusted 3 brokers in the country with sufficient knowledge to do absolutely the right thing with someone else's money. However, I followed his recommendation and have actually got a portfolio that works.

It's scary stuff for us amateurs and I was glad to pay to get the best advice.

[Streetwise]

lets all move to aussie. at least its sunny there.

[Swoop]

lets all move to aussie. at least its sunny there.

Last one to leave, please turn out the lights. Now where's me acubra[sp]?

[MisterD]

Last one to leave, please turn out the lights. Now where's me acubra[sp]?

Don't worry, the lights will be out already, you can't build a power station, can't build a wind-farm and can't put up any wires to get the leccy round the place anyway....

[kickingzebra]

And with the number of sheep in the country nearly halved from 15 years ago, the Shear price is dropping too!! Cowpoos will be gutted!!

[Hitcher]

The silliest thing about the NZX is its lack of scale. It's dominated by one company (Telecom). Fonterra on its own is bigger than the whole thing combined. Add the two other big farmer cooperatives -- Alliance and PPCS -- and you start to get a feel about where the real commercial grunt comes from in this country.

But because there are few credible publicly listed agribusinesses (Affco's about the only one I can think of, now that CHH is about to disappear), the ag/forestry sector is largely off the radar of most New Zealanders. Yes, gentle readers, our future will not be determined by The Warehouse or broadband internet...

[cowpoos]

The silliest thing about the NZX is its lack of scale. It's dominated by one company (Telecom). Fonterra on its own is bigger than the whole thing combined. Add the two other big farmer cooperatives -- Alliance and PPCS -- and you start to get a feel about where the real commercial grunt comes from in this country.

But because there are few credible publicly listed agribusinesses (Affco's about the only one I can think of, now that CHH is about to disappear), the ag/forestry sector is largely off the radar of most New Zealanders. Yes, gentle readers, our future will not be determined by The Warehouse or broadband internet...

you can buy a type of share in fonterra that is publicly listed...but has no voting rights...can't remeber there name right now....and yes

NZ is still at the whim of comodity based wealth...thats right folks...whats bad for agriculture/horticulture is genrally bad for our economy...

[Hitcher]

you can buy a type of share in fonterra that is publicly listed...but has no voting rights...can't remeber there name right now....and yes

They're not shares -- they're capital notes http://www.fonterra.com/content/shar...es/default.jsp

And please, Mr Poos, could you make your signature a bit smaller...

[k14]

Contact gone

not yet, still 50/50 on that. They have to convince the contact shareholders first, which apparantly isn't a certainty.

But yeah, there have been quite a few merger/buy-outs occur recently. Very interesting watching.

[Winston001]

NZ is still at the whim of comodity based wealth...thats right folks...whats bad for agriculture/horticulture is genrally bad for our economy...

Yep. In the mid-1980s there was bold talk of NZ being the Switzerland of the South Pacific - then October 1987 arrived.

20 odd years on we are still a trading nation and our wealth comes from agriculture, fishing, forestry, and tourism. But what else can we do? There aren't any obvious talents or resources which belong purely to NZ so maybe sticking to our (agricultural) knitting is in fact the best option. Fortunately we are world leaders in the science side of farming.

It is a little strange that there are only about 4 companies on the sharemarket which are focused on rural activities. And a damned shame that our good companies keep being bought out from overseas.

Still the sharemarket is booming at the moment so enjoy it while it lasts.

[Brett]

I avoid NZX now days, prefer the ASX. Made 30% on one share in the last 4 months. Seems to be a generally more well balanced market, plus easy to stay in the know about since it is only a hop skip and jump away and our economy is easily affected by the aussies.
Anyone here a funds manager,sharebroker/analyst or the likes? We should start a database on here of who does what so that we can use the people we know. Help make each other bling bling.

[Indiana_Jones]

"DUMP IT ALL"
"CHOP IT UP INTO LITTLE BITS"
"YOU LITTLE COCK-SUCKER!"

GECKO!!!!!

-Indy

[moko]

Dont you guys have unit trusts or investment trusts? Basically investment companies pool stocks and individuals buy shares in the pool,spreads the risk.Things here are not much different,stock market is booming despite a couple of long-standing companies totally disappearing and not much here is Brit owned anymore.If you want a long term bet go for China,they`ll rule the world soon.....not just Auckland.Seriously,the real money to be made will be 5 years down the line when the average Chinese is more affluent(happening now)and their consumer market kicks off,right now they rely on exports to a large extent.That`s a hell of a home market and smart money here is investing "little and often".My investments are spread over many different countries and sectors and are in active funds,i.e. managers work full time keeping things moving.Only financial advisor I ever used thought he could rip me off and I got the guy sacked and black-listed,better to read the financial pages and make your own decisions if you`re confident enough.Only reason a financial advisor is an expert is because he`s done some research,which anyone can do,you just choose your investments the same way you choose your bikes.Utilities are a good safe bet but with any share dont get obsessive,stick them in a drawer and look at the yearly statements or you`ll go off your head obsessing about every fluctuation.