Telstra feels its way
A $2.1bn profit was good, but masks the changing nature of the industry and the company does not look very sure-footed in the new climate. HOLD WHILE DIRECTIONLESS.
Telecom NZ's crisis
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.
QBE: the safe insurer
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.
The miners' mixed bag
Times may be looking good for the resources sector but that's only true for some. Not everyone's benefiting equally.
Abigroup's forgotten value
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.
Smorgon's darkest hour
The Smorgon float of 1999 now looks a disaster and with the construction steel market contracting the stock is unpopular. It may not always be like this, but for now STOP LOSSES/SELL.
BRL Hardy; a tasty target
A bumper profit, strong markets and more growth on the way make the company an attractive takeover target. Management has other ideas. Either way shareholders will win. ACCUMULATE.
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