MARKET TALK: Tech companies report mixed results, Trilogy soars
Duncan Bridgeman and Mark Lister discuss the latest news from the New Zealand share market - with special audio feature.
Click the NBR Radio box for on-demand special feature audio: Duncan Bridgeman and Mark Lister discuss the latest news from the New Zealand share market
A fresh batch of technology companies reported mixed earnings results this week but it was skincare and candle company Trilogy [NZX:TIL] that stole the limelight.
The company – 49% owned by The Business Bakery – trebled its net profit and its share price is now up more than 240% this calendar year.
“This is a company that has really got its act together after a bit of a volatile start to its life as a listed company,” Craigs Investment Partners’ head of private wealth Mark Lister told NBR Radio.
“It’s a company that really has delivered operationally and the share price reflects that.”
Three tech companies also reported this week, although the market was less enthusiastic about two in particular.
While Gentrack produced a solid result, both Orion Health and Eroad continue to struggle.
Mr Lister says Orion showed some small positives in terms of gross margin improvement and gains in its UK and Canadian markets but, overall, it was a soft result.
“If it wasn’t for the depreciation in the Kiwi dollar, then things wouldn’t have looked particularly good at all.”
Meanwhile, Mr Lister and NBR news editor Duncan Bridgeman discuss other sharemarket news, including A2 Milk Company’s meteoric rise, Rod Drury’s sale of Xero shares and how the Australian investment landscape is at the moment.
Tune in to the special audio feature for the full interview.
NBR Radio
Fri, 27 Nov 2015
Fri, 27 Nov 2015
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MARKET TALK: Tech companies report mixed results, Trilogy soars
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