Chart of the Week: New Zealand Stock Exchange Ltd

The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

I will look at The New Zealand Stock Exchange Ltd [NZX.NZ] this week. I have included it as a chart of the week is because of the spectacular drop in shareprice over the last 3 months - almost 25% - and a big drop of 12% over June, where it has gone from $1.65 to trade today at an 52 week low of $1.46 last Friday at market close.

The company isn't being well managed, with poor regulatory restraint and tainted by a high level of insider trading and the share price reflects that but if you were thinking of buying NZX shares now would be the time to put it on your watchlist.

The NZX average of all indexes has been up by 5% over the last 3 months and by comparison NZX shares have dropped 25% below April's NZX average.

Buy on further weakness - today could see a good drop due to further weakness in the DOW.


NZX @ Share Investor

The NZX continues to lose ground with retail investors
NZX Share Split good news for profit takers
New Zealand Stockmarket: A History from beginning to Present
NZX needs competition
NZX sneaks out embarrassing carbon disclosure after dark
Bruce Sheppard: Mark Weldon - "The Sheriff of Nottingham
Bruce Sheppard: Explanation Received
Bruce Sheppard: Please Explain
Mark Weldon Strikes out on Carbon Trading
Mark Weldon now in two minds about Carbon Trading
Quote of the Year

Discuss NZX @ Share Investor Forum

Download NZX Company Reports

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c Share Investor 2010

Chart of the Week: The Warehouse Group Ltd

The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

I will look at The Warehouse Group Ltd [WHS.NZ] even though it seems to have mirrored the NZX 50 Gross Index somewhat. The reason I have included it as a chart of the week is because of the big drop in shareprice over the last 3 months and a spectacular drop over the last week, where it has gone from $3.60 to trade today at an intraday low of $3.30.

I think the share is worth looking at but I think be patient as the price will go lower as the NZX drops because of the global economic uncertainty (which has always been there by the way but only secretly acknowleged by some)

Be patient and you could get this stock below 3 bucks.

Chart of the Week Series

Mainfreight Ltd
NZ Refining Ltd
Restaurant Brands Ltd

The Warehouse Group @ Share Investor

Long Term View: The Warehouse Group Ltd
Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

Discuss WHS @ Share Investor Forum - Register free

Download WHS Company Reports

Shop online at The Warehouse


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Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz




c Share Investor 2010

Chart of the Week: New Zealand Refining Ltd

The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

New Zealand Refining Ltd [NZR.NZ] has had a poor last year share price wise and 2009 half year result.

Over the last two months though the stock has dropped from around $3.80 to close at $3.10 at close of market last Friday. The NZX by comparison has been almost flat.

The current NZR share price is at a 52 week low after being at a high of $7.65 over the same period

If you were a chartist you would say this stock has been over-sold and is ready for a correction.

The company has been affected in the short term by lower refining margins, increased capital expenditure and a suspension of the dividend. This is unlikely to continue for the long-term and the first sign of a resumption in dividend is likely to see this stock surge in price.

Significantly the stock has a $1.92 per share asset backing.

Buy on further weakness or at present levels.


Chart of the Week Series

Mainfreight Ltd
Restaurant Brands Ltd


NZR @ Share Investor

Share Price Alert: New Zealand Refining Ltd 4

Share Price Alert: New Zealand Refining Ltd 3
Share Price Alert: New Zealand Refining Ltd 2
Share Price Alert: NZ Refining Ltd
Share Investor's 2011 Stock Picks 
Stock of the Week - Reprise: NZ Refining Ltd
Chart of the Week: New Zealand Refining Ltd
Stock of the Week: NZ Refining Ltd

Discuss NZR @ Share Investor Forum
Download NZR Company Reports

Buy Bird on a Wire: The Inside Story from a Straight Talking CEO 






c Share Investor 2010

Chart of the Week: Mainfreight Ltd

The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

Mainfreight Ltd [MFT.NZ] has had a poor last year share price wise and 2010 result wise.

Over the last two months though the stock has risen from around $5.75 to close at $6.61 at close of market last Friday. The NZX by comparison has been almost flat.

If you were a chartist you would say this stock has been over bought and is ready for a correction.

Just on fundamentals alone the company is a growth stock and it aint growing at present -that could all change of course.

The time for buying this stock was of course at lower prices, as I did last year at $4.20 but it looks like the market sees this company in recovery. If you dont and want to buy MFT the chart says you should wait for a pull back.


Disclosure: I own MFT shares in the Share Investor Portfolio.


Chart of the Week Series

Restaurant Brands Ltd


Mainfreight @ Share Investor

Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum

Download Mainfreight Company Reports


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Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz




c Share Investor 2010