Neither a global player nor a profitable niche holder. Telecom NZ is in the middle of an identity crisis. Like Telstra, the picture is murky, with the rout over but no clear upward momentum. HOLD WHILE DIRECTIONLESS.
Things may quieten down at QBE for a while, after a bumper result, big international acquisitions and an opportunistic 'joint venture' with the now defunct HIH. Nonetheless, the quality of this company leads us to believe that investors will benefit if they continue to ACCUMULATE.
Things are tough for Abigroup. However, with attractive dividends and solid cashflows to support it, patient investors will be rewarded, especially with big contracts on the horizon and a price that does not recognise Abigroup's solid cashflows. LONG TERM BUY.