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Falling prices for Spark New Zealand, Australian Agricultural Company and Blackmores

Jun 08, 2016 | Team Kalkine
Falling prices for Spark New Zealand, Australian Agricultural Company and Blackmores

Spark New Zealand Ltd


SPK Details
  • Competition pressure: Spark New Zealand Ltd (ASX: SPK) shares plunged over 3.5% on June 08, 2016 on rumors of a potential deal between the group’s competitors Sky Network Television and Vodafone Group. On the other hand, SPK is positioning itself well to tap the digital era opportunities in New Zealand. The group appointed Alison Barrass as an independent non? executive director to the board, effective from September 2016 who comes with a strong background in marketing?led innovation and brand development. SPK also recently announced for selling of its international voice business.
  • Recommendation: We give a “Hold” on the stock at the current price of $3.27
 
Australian Agricultural Company Ltd


AAC Details
  • Solid financial performance: Australian Agricultural Company Ltd (ASX: AAC) fell over 3.9% on June 08, 2016 even though there is no major update from the group. AAC has generated over 29.4% in the last four weeks, driven by its strong fiscal year of 2016 results. The group’s beef & by-products sales surged 96% on a yoy basis in FY16 while overall wagyu beef & by-products sales surged by 15% on a yoy basis.
  • Recommendation: We recommend a “Hold” on the stock at the current price of $1.86

Australian Agricultural Company Financial Performance (Source: Company Reports)
 
Blackmores Ltd


BKL Details
  • Higher levels: Blackmores Ltd (ASX: BKL) stock fell over 3% on June 08, 2016 on concerns of the rising competition from its peers. Moreover, we believe that BKL is trading at higher valuations and the regulation pressure in China coupled with rising competition would continue to hurt the stock sentiment.
  • Recommendation: We give an “Expensive” recommendation on the stock at the current price of $146.02

Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated pages are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376).The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd currently hold positions in:  BHP, BKY, KCN, PDN, and RIO. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.



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