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Ashburton Guardian
Thursday, November 14, 2013
13
■ CARAVAN EATERIES
Kebab king expands
Ashburton Turkish Kebab business owner Matt Rollinson is ready to open a second caravan based business.
Compiled by
NEW ZEALAND SHARE MARKET
Source: NZX
performance on the share market. Its shares have had a good run in the last year rising 34 per cent. Yesterday they closed up 1c on $1.67 valuing the company at $1.833 billion. At that share price the sell-down stake would be worth around $400 million. Market players have said the shares would be snapped up because of strong appetite for the company. The sale is expected to be done in the form of a block trade where one or more investment banks would buy up the stake and then on-sell it. - APNZ
■ FOOD PRICES FALL
Tomatoes lead fruit and vege slide New Zealand food prices fell in October from September as the price of tomatoes tumbled, leading a seasonal decline in fruit and vegetables. Food prices declined 1 per cent in October from the previous month to be up 0.8 per cent from a year earlier, according to Statistics New Zealand. Tomatoes fell to an average $7.11 a kilogram last month from $11.39/kg in September, contributing to an 8.8 per cent decline in fruit and vegetables, the govern-
ment statistician said. Grocery prices declined 0.3 per cent, reflecting discounting of sauces, cakes and biscuits, it said. Declining foods more than made up for a 2 per cent increase in the prices of meat, poultry and fish. That was driven mainly by the price of lamb, which rose 15 percent to the highest since December 2011. Chicken rose 4.9 per cent and beef was up 1.4 per cent. Non-alcoholic drinks declined 0.2 per cent and restaurant and
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ready-to-eat food prices gained 0.2 per cent. The annual increase in food prices was driven by a 1.2 per cent gain in grocery prices, especially fresh milk, up 7 per cent, and yoghurt, which gained 8.1 percent. Meat, poultry and fish prices were up 2.3 per cent on the year, non-alcoholic drinks rose 1.2 per cent and restaurant and take-out meals rose 1.9 per cent. Fruit and vegetable prices fell 3.7 per cent from a year earlier. - (BusinessDesk)
76 167 514 3560 94 343.5 197 504 435 155 940 389 968 664 450 103 59.5 500 88 245 384 113 1200 444 158 217 355 83 127 220 1340 100 0 298 785 174 622 393 314 336 232.5 175 430 664 255 131 399 3659 3598 378
Last Daily Volume sale move ’000s
74 167 514 3560 93 340 197 502 427 155 940 389 968 663 448 102.5 59.5 496 87 245 383 112.5 1200 443 158 217 353 83 126 215 1340 99.5 130 297 785 171 622 391 315 336 232.5 175 429 664 255 131 395 3660 3585 377
–1 +1 –3 –90 –1 –8 –4 +2 –8 +1 –5 +5 +23 –7 +2 –0.5 +0.5 –4 +1 –2.5 –6 –1 +25 +7 +2 –2 +1 – –2 +1 –5 –0.5 – –1 –5 +4 –6 – –2 – –1 +1 +4 –1 +2 – +5 –60 +65 +2
546.56 1,016.9 4.351 10.44 1,586.3 449.7 2,519.5 558.66 21.25 233.34 54.74 530.46 1,687.4 218.49 49.38 498.31 538.9 18.74 324.82 393.01 368.07 1,498.9 25.92 362.37 26.46 1,443.3 30.14 148.38 135.71 146.85 10.66 1,083.2 47.25 46.62 279.35 163.08 5,240.1 1,958.0 57.64 203.66 3,879.7 107.01 1,635.5 34.64 153.87 59.7 57.73 107.05 450.24 1,427.0
NZX 50 index last 4 weeks 4970 4920 4870 4820 4770 4720
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selling up to 49 per cent of Meridian Energy, Mighty River Power, Genesis Power, Solid Energy and Air New Zealand. Postal voting for the non-binding referendum opens on Friday November 22 and closes on December 13. “The smart money is on something to kick off early next week,” said one market source. Another market player said that he had heard it could happen before the weekend. The decision to sell is backed up by Air New Zealand’s strong
Sell price
8/11
The Government is being tipped to sell down its stake in Air New Zealand early next week ahead of a referendum asking Kiwis if they support partial sales of state-owned assets. The Government owns 73 per cent of the national carrier and has said it wants to reduce its stake to 51 per cent, but has yet to name a timeframe. Several market sources spoken to said there was an expectation that the deal would be done before a referendum asking Kiwis if they support the Government
Buy price
13/1
Govt tipped to sell shares
A2 Corp ATM 74 165.5 Air NZ AIR 511 AMP AMP 3550 ANZ Banking Gr ANZ 93 Argosy Prop Tr ARG 340 Auckland Intl Apt AIA 196 Chorus CNU 502 Contact Energy CEN Diligent BM Services DIL 427 154 DNZ Prop Fund DNZ 936 Ebos Gr EBO 385 F&P Healthcare FPH 965 Fletcher Building FBU Fonterra Sh’ders Fund FSF 663 446 Freightways FRE 102 Goodman Prop Tr GMT 59 Guinness Peat Gr GPG Hallenstein Glasson HLG 495 87 Heartland NZ HNZ 243.5 Infratil IFT 383 Kathmandu Hldgs KMD 112 Kiwi Prop Tr KIP 1190 Mainfreight MFT 443 Metlifecare MET 157 Michael Hill Intl MHI Mighty River Power MRP 216.5 353 Nuplex Ind NPX 82.5 NZ Oil & Gas NZO 126 NZX NZX 203 Oceana Gold OGC 1335 Port Tauranga POT 99.5 Precinct Properties PCT 0 Prop For Ind PFI 297 Restaurant Brands RBD 780 Ryman Healthcare RYM 170 Skellerup SKL 621 Sky Network TV SKT 390 Sky City SKC 311 Steel & Tube STU Summerset Gr Hldgs SUM 335 231 Telecom NZ TEL 174 Tower TWR 428 Trade Me TME 663 TrustPower TPW 254 Vector VCT 130 Vital Hlth Prop Tr VHP 395 Warehouse Gr WHS 3650 Westpac Banking WBC 3585 Xero XRO 377 Z Energy ZEL
Company CODE
At close of trading on Wednesday, November 13, 2013
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■ AIR NEW ZEALAND
NZX 50 constituents
1/11
Photo Gabrielle Stuart 131113-GS-004
Guardian Shares & Investments
25/1
The two years since Matt Rollinson lost his Turkish Kebab shop have not been easy, but he has not only kept the business afloat but is ready to expand. His new caravan, Magnifico Italian Pizzas, opened in Baring Square yesterday, just around the corner from his Turkish Kebab Express caravan. It will serve a range of Italian wood fired pizzas, featuring locally sourced toppings on authentic bases and sauce imported straight from Italy. Mr Rollinson has spent the past month redecorating and refitting the caravan, which he said was an opportunity to make the most of a bad situation. It was in the middle of the lunchtime rush, just over a year
and a half ago, that Mr Rollinson and his staff found out that the Turkish Kebab shop was to be demolished due to earthquake damage - they had just hours to vacate the shop. It took four months of fruitless searching for a new premises before he opened the business from a caravan, but it didn’t take long for his customers to return and since then the business has steadily grown. Although his ultimate goal was still to find a solid premises for the businesses, he said that the caravans were flexible and provided extra opportunities to visit shows and events, and were less time consuming to run as a business owner. Magnifico Italian Pizzas will be open from 12 noon to 8.30pm on Wednesday to Sunday.
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gabrielle.s@theguardian.co.nz
18/1
By GaBrielle Stuart
NZX 50 index
4,918.66
+2.99
+0.06%
NZX 20 index
3,860.02
+3.41
+0.09%
NZX All index
5,279.11
+4.77
Rises 40
+0.09%
Falls 52
WORLD MARKETS
S&P/ASX 200 index
5,393.1
+6.0
+0.11%
At close of trading on Nov 12, 2013
Dow Jones Indust.
15,750.67 –32.43 –0.21%
At close of trading on Nov 12, 2013
FTSE 100 index
6,726.79
–1.58
–0.02%
At close of trading on Nov 12, 2013
Nikkei 225 index
14,567.16 –21.52 –0.15%
At close of trading on Nov 13, 2013
METAL PRICES
Source: interest.co.nz
Gold
London – $US/ounce
1,281.25
Silver
21.1
–1.25
–0.1%
London – $US/ounce
–0.29
–1.36%
Copper London – $US/tonne
7,124.0
–11.0
–0.15%
NZ DOLLAR
Source: BNZ
Country
As at 4pm Nov 13, 2013
Australia Canada China Euro Fiji Great Britain Japan Samoa South Africa Thailand United States
TT buy
0.8956 0.8782 5.3402 0.6248 1.5703 0.5269 83.69 1.9575 8.7382 26.43 0.8374
TT sell
0.8745 0.8499 4.6944 0.6016 1.4552 0.5103 80.44 1.6936 8.4234 25.19 0.8122
Disclaimer: NZX and MetService have endeavoured to ensure the correctness of the information; neither NZX, MetService related companies, nor this newspaper, nor any of their respective employees or agents make any representation as to its accuracy or reliability nor will they, to the extent permitted by law, be liable for any loss arising in any way from, or in connection with, errors or omissions in any information provided (including responsibility to any person by reason of negligence). Please note: All products and services are subject to change without notice.
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