Shane Solly: Harbour Asset Management expert on what we can expect from Rocket Lab's results

Rocket Lab is set to unveil their results for Q3, and it's prompted speculation from experts.

The company's seen some growth and shares have gone up, but concerns have still been raised.

Harbour Asset Management expert Shane Solly explained further.

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Episode Transcript

Speaker 1 (00:09):
You're listening to a podcast from news Talk zed be
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Speaker 2 (00:16):
Shane Sally Harbor Asset Management is with us. Hey, Shane, Hello, right,
give us the latest from the markets today.

Speaker 3 (00:22):
Yep, pretty flat, quiet day here in New Zealand. We
saw in New Zealand government bond year was up two
basis points to four point one percent.

Speaker 1 (00:28):
Uh.

Speaker 3 (00:29):
The interesting one today with New Zealand dollar. We're pretty
stable against the US dollar at fifty six to thirty five,
but actually fell against the Australian dollar to a twenty
year low of eighty six cents thirty. So it's going
to make your holidays to Australia a bit more expensive. Heather,
there's because IBA number two Andrew Houser, he said, look,
we're not going to cut rates in a hurry. New
Zealand Shire market up zero point one three percent, lad

(00:52):
by a two meridian and for Till main freight the
Spark we've got Maine Throat due to report Wednesday and
for Till due to report Thursday. So there's a bit
going on.

Speaker 2 (01:00):
How aan z's results received.

Speaker 3 (01:03):
Yeah, Look the az TO underlying cash Unions result was
two point eighty six bigin pretty big number. That's for
the second half of twenty twenty five. It was actually
slightly below expectations. Revenue a bit lighter, costs were below
expectations and the bank increased loan impayments. Provisions are higher
than expected, not because they've got a problem, because they're

(01:24):
actually putting a bit of a hollow log in place. Locally,
the New Zealand am Z business looked pretty solid. Revenue
up to six B and for the half versus five
and a half being for the previous year there than
one hundred and one hundred and forty being a blending
one hundred and sixteen B deposits both up four percent
year on years. So the New Zealand business and Good
Health Ridge when the result first came out here that

(01:46):
the market was a bit meh about it all. But
the New AMZI chief executiveviusly Nu nomatteris he gave a
really good rundown, talked about better need ad dress margins,
better cost reduction. So sheer price actually united up at
its highest ever price thirty seven to seventy five Australian.
That's up two point six percent, so pretty good day.
For the AzID share price.

Speaker 2 (02:06):
And we've got Rocket Labs results out tonight. What are
you expecting there?

Speaker 3 (02:10):
Yeah, look, this is watching this. The rocket Lab can
beat the top end of it its expectations because we've
seen a really steady launch cadence instead of getting their
launches pretty regular. Thau she had four over the quarter.
Looking for an improvement on profit margins this new Electron
rocket in terms of how that's going, and also their
space systems back and programs back up running in full

(02:32):
production modes, and markets expecting better profit margins very much.
Market will be looking to see how the rocket Lab
is positioned to benefit from what is an accelerating global
satellite launch program, and how they're progressing with the new
generational launch vehicles and contract pipeline. Rocket Lab shep price.
It's pulled back from its October high. We had a

(02:53):
higher US sixty nine to twenty seven. Closed on Friday
at fifty one sixty four, but of course that's still
well up on where it was a year ago, which
was forteen dollars sixty six.

Speaker 2 (03:03):
Hey, Shane, always good to talk to you mate, Thanks
so much. We'll talk to you again next week. Shane
Solly Harbor Asset Management.

Speaker 1 (03:08):
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