Stock Market Movers

Episode 2, Market Valuations, HGL, STU, SKC and PGW

An episode of Stock Market Movers

By Stock Market Movers
Jeremy Medlin reviews the stocks that are moving the NZX, ASX and international markets. Listen in each week for a new episode on Friday
Available on 11 platforms
31, Booking.com? Profile of an Industry Leader
In this episodem I take a walk on the wild side and for the first time talk in detail about a company that is not on the NZX.  This is not because there was not enough news on the NZX but more because I felt like doing something different.  Another reason is because I think they are a phenomenal company that not only has a wonderful track record but also an extremely bright future.  That company is none other than Booking Holdings, they trade on the NASDAQ under the ticker code BKNG and they are everything that I look for in a company.  The fundamentals and product are easy to understand, they are loved by their customers, they have excellent economics and fantastic prospects.  I believe that the shares are undervalued and the market capitalisation should be around $100 billion.   A reminder today that nothing that I say on this episode should be considered financial advice, there is also nothing to say that my opinions about the company are right.  So you should always do your own research.  Listen in by searching Stock Market Movers on Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz     
34:33
March 14, 2019
30. NZX Small Cap Week. A discussion of some of the small companies on the market
In this weeks podcast I talk about some of the smaller companies trading on the NZX. To get spoken about on this podcast you have to have a small  capitalisation and you have to have reported a recent update during the week.  The good thing is that these are companies that you may not have yet heard of but trade on the NZX. I talk about Finzsoft (FIN), Wellington Drive Technologies (WDT), Orion Healthcare (OHE) and Truscreen (TRU).   I also find some time to provide some tips and advice for people that want to learn more about how to approach and how to invest in smaller companies.   The small cap space are where some of our bigger stock market winners such as Xero and a2 Milk have emerged from but also where some of our biggest failures such as Wynyard have come from.  You also get some of the most interesting market stories from the small cap space.   Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz       
28:48
March 7, 2019
29, Jeremy's view's on Warren Buffett & the Berkshire Hathaway Letter to Shareholders
A step away from the normal on Stock Market Movers this week.  There were plenty of market update's from NZX companies but this week the focus is on Warren Buffett's annual letter to Berkshire Hathaway shareholders.  This is an 'event' that I look forward to with great anticipation every year and is probably second only to the Berkshire Hathaway annual meeting which will be coming in early May.    Points of discussion include scaling up, focusing on what is important, capital allocation, share repurchases, risk and what makes a good business. The book discussed in the episode is titled: The Essay's of Warren Buffett.    Here Lawrence Cunningham has ordered all of Buffett's letters to shareholders by topic.  It is a must read and read again for all investors.  You can click on the link below to have a look on Fishpond: <a href="http://www.fishpond.co.nz/product_info.php?ref=3582&id=9781118821152&affiliate_banner_id=1" target="_blank">The Essays of Warren Buffett: Lessons for Investors and Managers</a>  Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz      
29:34
February 28, 2019
28, The a2 Milk Episode.  & Capital Gains Tax on Shares?
As New Zealand's largest listed company by market capitalisation and perhaps the best performing stock in the history of the NZX it is always big news when a2 Milk reports its earnings.  This week the company reported its interim results for the half year ended December 2018.  Revenue grew over 40% and the company reported a net profit of over $150 million.  In this episode, I do a deep dive on a2's results and discuss their strengths, potential risks and the valuation.   The other big news during the week was the results of the tax working group.  I cut through the media hype and discuss what this could mean specifically related to the taxation of capital gains on shares.  Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz     
24:11
February 21, 2019
27, Ten Stocks and a Quick Macro/Minimum Wage Chat
NZX companies are starting to provide their trading updates to the market in earnest.  The great thing about this is that the podcast is swimming in plenty of content and we talk about plenty of companies such as Briscoes, Contact Energy, South Port, Allied Farmers, Sky City, Promisia, Hallensteins, Millenium & Copthorne, CDL Investments and NZ Oil & Gas.  This is more companies than I have ever spoken about and I still find time at the end to have a bit of a discussion about the macro environment. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz    
27:29
February 14, 2019
26, Pushpay Updates! Cannasouth Cannabis! Limit vs Market Orders! Book Review!
It was a relatively quiet week on the NZX due to the holiday on Wednesday.  This didn't stop Pushpay who delivered a strong quarterly update.  We also had news during the week from an impending IPO from what could be New Zealand's marijuana play, Cannasouth Cannabis.  The final company news is a quick shout out to Orion Healthcare who look set to de-list from the NZX.  From an education perspective I will spend some time explaining the difference between limit and market orders along with their pros and cons.  And finally I will review the book When Genius Failed by Roger Lowenstein, which is an excellent book that is full of lessons that can be taken away by investors.  If you want to find out more about the book follow the link below: <a href="http://www.fishpond.co.nz/product_info.php?ref=3582&id=9781841155043&affiliate_banner_id=1" target="_blank">When Genius Failed: The Rise and Fall of Long Term Capital Management</a>  Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz   
26:03
February 7, 2019
25, Air New Zealand Downgrade, Sky City Upgrade, Oceania Interim and Zero to One Book Review
Normal service resumes this week on the podcast as I review the major stock market related news on the NZX.  The big news on the NZX was the downgrade of Air New Zealand profits which caused the stock to drop 12% on the day which no doubt caused at least some of the nearly 26 thousand shareholders some stress.  We also talk about the update from casino operator Sky City who had what I would call a normalisation of their profit expectations.  I also discuss the Oceania Healthcare interim report which will no doubt be interesting for any holders or retirement stock.  Finally I finish off with a quick book review from an excellent short book I read earlier in the year called Zero to One by Peter Thiel. Find out more about Zero to One by following the link below; http://www.fishpond.co.nz/product_info.php?ref=3582&id=9780753555200&affiliate_banner_id=1 Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz  
21:27
January 31, 2019
24, A deep dive into MOA, The Craft Beer and Alcohol Industry
A different type of episode this week.  I do a deep dive into MOA Group Limited, I sample some product, talk about the competitive landscape, discuss growth, do some numbers around valuation and talk about the company's prospects.  While I am there I find time to talk about some of the companies in the alcohols industry as well as some numbers on beer consumption in New Zealand This is the first episode where we have done a really detailed analysis on a stock.  Remember that the information given is based around my opinions on what I have read and learnt about the company.  It is therefore subjective and should be taken with a grain of salt.  I have done my best to keep everything as accurate as possible but no doubt made a mistake somewhere along the line.   Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz 
32:22
January 24, 2019
23, Marijuana Stocks Again, Details of a Trade I did Recently and how to think about Stock Prices
With virtually no companies reporting interesting updates it is a quiet time of year for company news on the NZX.  Because of this I thought we would do something a little bit different to normal on the podcast this week.  This week therefore is more of an educational episode.  The first thing we talk about is details of a trade that I have opened and closed recently, we go through how I identified the opportunity, my research process, the mistakes I made and how it ended.  The second thing we talk about is a bit of a refresh on the right way to think about stock prices - what matters and what doesn't.  And finally we do an update from one of our earlier episodes on the investing landscape in the marijuana industry and what to look out for.   Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts.  If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
29:22
January 17, 2019
22, Pushpay Breaks Even! Kathmandu Christmas Update! 2019 the year of the IPO? Advice for 2019
Episode 22: in the first episode of 2019 I discuss Pushpay and the announcement that they have reached their goal of being cash flow break even by December 2018.  The big news being that they processed US$5 billion in transactions throughout the year.  We discuss Kathmandu and their Christmas sales which missed their targets and disappointed the market. Then I do a forward wrap of 2019 and discuss where the NZX is heading in terms of IPOs, I give some ideas for companies on annual reports and then end the show with some advice for 2019. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz  
20:26
January 10, 2019
21, Interview with Tim Brown from Infratil (IFT.NZX)
In episode 21 I am lucky enough to interview Tim Brown from Infratil. Tim has been with Infratil since its inception in 1994 and specialises in financial structuring and has been responsible for the funding of both Infratil and a number of investee companies. Tim is currently the chairman of Wellington Airport, one of Infratil's cornerstone investments. This is not only an interesting interview for shareholders of Infratil but also any investor that is looking to find out a bit more about investment management, portfolio management and what to think about when contemplating investing in stocks or other assets. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz Please note that this will be the last episode of 2018 and we will be kicking things off again in January.
46:23
December 20, 2018
20, Taco Bell is coming! Big Technology Talk, Google, Facebook, Amazon, Microsoft & Trade me
Heading into the final inning of 2018 things get a little bit more quiet on the stock market. However, this does not mean that there is nothing to talk about. Restaurant brands was particularly active this week, announcing that they are bringing Taco Bell to New Zealand and at the same time updating the market on their quarterly performance. The biggest news on the week was the update that the Trade me board has entered into a scheme implementation agreement with Apax Partners. Because the news flow was a bit quiet this week I also give my 2 cents on all of the giant US tech names, Apple, Google, Facebook, Amazon and Microsoft. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
21:59
December 13, 2018
Interview with Chris Heaslip, the co-founder and CEO of Pushpay
Its a special episode of the Stock Market Movers Podcast. It was my pleasure during the week to interview Chris Heaslip the CEO of Pushpay. I would like to thank Chris for taking his time and his team for making it happen. Pushpay has a market capitalisation approaching NZ$1 billion and trades on the NZX and the ASX under the ticker code PPH. Pushpay provides a donor management system, including donor tools, finance tools and a custom community app, to the faith sector, non-profit organisations and education providers in the US, Canada, Australia and New Zealand. Their leading solutions simplify engagement, payments and administration, enabling their customers to increase participation and build stronger relationships with their communities. Chris is the CEO and co-founder of Pushpay. Chris has worked in and for a number of SMEs and corporate organisations to develop effective and efficient systems and optimal accounting treatment. He has previously served as CEO of an accounting and tax consultancy and prior to that as a tax management professional and business adviser at KPMG. Chris was also an investigator at the New Zealand Inland Revenue Department. Chris studied in Auckland but now lives with his family in Seattle. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
51:07
December 11, 2018
19, Tip Top for Sale (Fonterra), Another bidder for Trademe, Tourism Holdings, Scales and OHE
It was another week of pre-Christmas updates as many NZX companies either provided their interim reports or gave market updates. It was also another week of M&A activity and I focus in on this again, talking about the failure from Tourism Holdings to sell its Kiwi Experience division - the Orion Healthcare board set its price for the share buyback - and yes - I talk about the second bidder entering the race for Trademe. In the second half of the episode, I turn the attention to the primary and export industries and discuss updates from Scales, Delegat's and Fonterra. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
21:11
December 6, 2018
18, Fisher & Paykel, Metro Performance Glass (Again!), New Sky TV CEO and Eroad
It was a very busy week on the NZX with many companies reporting their interim results as well as other meaningful updates. It meant that I had the content sorted for the podcast by about 8.30 on Monday morning - makes my job easier!. We are going to talk about another record profit from Fisher and Paykel Healthcare, we will discuss Metro Performance Glass for the second week in a row (not for the reasons you want to as a shareholder), Sky TV has finally announced a successor to John Fellet and we will finish off with a newcomer to the podcast - EROAD. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
21:28
November 29, 2018
17, An a2 Milk update, Trademe takeover proposal, MPG gets towelled
It was a very interesting week on the NZX. Probably the biggest news was the proposed private equity takeover of Trademe. This was an announcement that was out of the blue and caught me by surprise. We also talk a2 Milk this episode and specifically dive into their options regarding capital allocation. The other stock that we talk about is Metro Performance Glass who had in my view a bizarre update during the week and found their shareprice absolutely smashed because of it. Listen in by searching Stock Market Movers on Spotify, Apple or wherever you get your podcasts. If you are looking to get in touch or would like more information go to www.stockmarketmovers.co.nz
27:24
November 22, 2018
16, Stock Tips, Sanford (SAN), Mainfreight (MFT) and Infratil (IFT)
Episode 16 is the episode that I am trying to go through without saying 'um' - spoiler, I do not succeed. In terms of stocks, it is back to basics with a discussion on one of New Zealand's oldest listed companies Sanford and their yearly 'catch'. I talk about one of New Zealand's best run companies, Mainfreight and finally I talk about the Berkshire Hathaway of New Zealand - Infratil. I also do a shout out at the start of the episode for podcast sponsors. In my view the idea sponsor will be any company that is involved in the financial markets but would also suit many other businesses - maybe you have a construction company or perhaps small hotel or a brand of some sort. Get in touch by emailing me at jeremy@stockmarketmovers.co.nz As always, you can listen by searching Stock Market Movers wherever you get your podcasts.
24:41
November 15, 2018
Bonus Episode, Interview with Craig Herbison, CEO of Plexure (PLX.NZX)
A couple of weeks ago we made the request for someone to get in touch that had an understanding of Plexure, its business and how they made money. This request for information found its way through the grapevine to CEO Craig Herbison. I caught up with Craig during the week and recorded the conversation for this bonus episode of the Stock Market Movers podcast. Craigs Bio: Craig is an internationally experienced leader with over 20 years of digital and brand marketing, business transformation, sales and corporate leadership experience. Craig has held Global and local marketing and leadership positions in the UK, Australia and NZ and is a qualified lawyer. You can listen to the podcast by searching Stock Market Movers wherever you get your podcasts. Find us online at www.stockmarketmovers.co.nz
39:15
November 11, 2018
15, Pushpay Interim, Spark Sport, Orion Buyback & Trustpower
Another full episode of the podcast. In episode 15 we talk about Trustpower and their update, we talk Spark Sport and shots fired over the bow of Sky TV, we talk Orion Healthcare and yes, we get to the Pushpay update. Also, keep an ear out for Monday when I release a bonus episode of my conversation with Craig Herbison, the CEO of Plexure. As always, you can find us by searching Stock Market Movers wherever you get your podcasts
18:22
November 8, 2018
14, Z Energy, Vista, Plexure, Website & Book Review
Episode 14 of the Stock Market Movers podcast discussed the interim update by Z Energy and the impacts on the economy. I analyse and discuss Vista Group, what they do and where I see the valuation in the market. The final company we talk about is a micro-cap called Plexure who enjoyed a fantastic update during the week, I dive into that and raise some signs of caution for investors. The podcast now has a website where you can listen to and follow the podcast, go to www.stockmarketmovers.co.nz - I get asked all the time what books I would recommend for investors so I have put my top 10 favourite investing books on the website. You can read my short review of the book and buy by clicking on the link. This week on the podcast I quickly review "The Essays of Warren Buffett" by Lawrence Cunningham. You can find the podcast by searching Stock Market Movers wherever you get your podcasts.
29:16
November 1, 2018
13, Cannasouth Cannabis IPO, SLI Takeover, AMP IPO & Orion Healthcare Buyback (takeover)
In this episode, we only talk about two things, takeovers and IPOs - all of which contrast each other. Firstly the SLI takeover which is your regular takeover where the acquirer is trying to get 90% of the shares outstanding. The second takeover is not your regular cheese and is structured as a complicated buyback of Orion Healthcare shareholders. Then with IPOs we are talking a speculative investment in Cannasouth a medical cannabis company and AMP is looking to float its New Zealand wealth management business. As always, nothing that I say on the podcast is financial advice, if you are looking for financial advice I recommend that you speak to an authorised financial adviser. You can listen to the podcast by searching "Stock Market Movers" wherever you get your podcasts.
26:32
October 25, 2018
12, Shareclubs, FBU / STU, Restaurant Brands, Netflix & Sky TV, MHJ
A very jam-packed episode today. I talk about shareclubs, how they work and the pros and cons. We keep updated with the latest on the Fletcher Building and Steel & Tube saga, FBU walked away from the deal this week but is there more to come? Restaurant Brands, a market darling that we have not talked about on the show has received a partial takeover attempt for 75% of the shares, what is going on there? Michael Hill Jeweller is down big for the week as same-store sales numbers took a big dive. We get stuck into an overseas stock, namely Netflix and how it has been affecting a New Zealand company, namely Sky TV
33:27
October 18, 2018
11, Market Woes, Pushpay, Activism on the NZX & Dividend Reinvestment Plans
We have a full episode this week and we start of with a discussion on the recent pullback in the market indexes and what it means for your stock portfolio. I then get stuck in with my views on the recent activist activity by investors on the NZX. We get onto my pet hate on the NZX which is dividend reinvestment plans that are so popular among companies at the moment and finally we discuss Pushpay as we look forward to their interim results. Remember, I have 99 problems but margin ain't one.
27:41
October 11, 2018
10, Fletcher makes a move for Steel & Tube, Petrol Prices, NZK, HLG, MHJ
It is a huge 10th episode of the Stock Market Movers podcast. We finish off our discussion of retail stocks last week with a quick analysis of Hallensteins and Michael Hill Jeweller. Then we pivot for a quick discussion of New Zealand King Salmon. We follow with the meat of the show with a frank discussion about electricity and petrol prices. Leaving the best to last we have a detailed look at the news around Fletcher Buildings attempt at a takeover to Steel & Tube. So a huge episode, you can listen on Spotify, Apple or wherever you get your podcasts by searching "Stock Market Movers"
26:18
October 4, 2018
9, Marijuana Stock Warning & NZ Retail - WHS, KMD & BGP
Episode of two halves today. First I provide some warning against investing in the Marijuana industry and talk briefly about 3 companies. Namely, Canopy Growth, Aurora Cannabis and Tilray. In the second half, we dive into the big NZX retail names that have recently updated the market. Here we focus on The Warehouse, Briscoe's and Kathmandu.
28:31
September 27, 2018
8, Takeover Week, Tegel Chicken & Tilt Renewables
This week on the Stock Market Movers podcast we focus on the two current takeover situations on the NZX - Tegel Chicken and Tilt Renewables. This is an interesting episode because we are joined by Hamesh Sharma from Australasian Trading Management - the first guest that we have had on the show. We dive a bit deeper into the history of the takeover offers and analyse the response of the various boards as well as the likely outcomes.
24:14
September 20, 2018
7, Cryptocurrencies & Bitcoin, Jeremy's view on the craze
The 7th episode of the Stock Market Movers podcast steps away from stocks for a bit and talks about one of the newest financial instruments - cryptocurrencies. Jeremy defines what cryptocurrencies are and provides his own views on value as well as discussions on how to interpret the 'assets' in comparison to other financial products such as stocks.
22:42
September 13, 2018
6, Air New Zealand, Auckland Airport & Portfolio Rebalancing
Episode 6: In this weeks episode we have a tourism and travel theme as I dive into the recent full year updates from Air New Zealand and Auckland Airport. I also get into a listener question about portfolio rebalancing and some strategies for position management.
16:38
September 6, 2018
5: "Cemetery" Episode, discussing NZM, SKT, ZEL & disruption
Episode 5: "When they take people out to the cemetery they are taking newspaper readers and when people graduate from school they are not gaining readers", Warren Buffett. In this episode, we discuss disruption and how it relates to three bedrock companies of the NZX. Namely, NZME, Sky Television and Z Energy
29:05
August 30, 2018
Episode 4, a2 Milk, Fletcher, SPK & advice for new investors
Big 4th episode. Huge week of earnings to discuss including a2 Milk, Mercury Energy, Comvita, Fletcher Building and Spark. We also have a discussion on what to do as a new investor talking specifically about how to get started and providing some recommended reading. We discuss the principles of diversification, stock buybacks and capital expenditures.
25:00
August 23, 2018
Episode 3: Summerset, Ryman, Contact, Heartland & IPOs
Big week in the markets, we had it all from takeovers and IPOs with everything in-between. With all this happening we do find the time to talk about Summerset, Ryman and the retirement sector. We discuss Contact Energy and the liberal use of EBITDA. We dive into Skellerup and the question of market leadership and we wrap things up with a discussion of the NZX & IPOs.
21:41
August 16, 2018
Episode 2, Market Valuations, HGL, STU, SKC and PGW
In the second episode of the Stock Market Movers Podcast we discuss market valuations, the earnings updates from Hallensteins Glasson and Sky City. I discuss Steel & Tube along with the PGG Wrightson seed sale. Finally I finish things of with a real world application of the margin of safety concept
22:11
August 9, 2018
Episode 1, Pushpay, a2 & Synlait, Briscoe’s
First episode of the Stock Market Movers podcast. We discuss Pushpays update, a2’s stake in Synlait and Briscoe’s half year sales
28:31
August 3, 2018
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