Recap

This is an audio version of the Lunch Money newsletter for the 28th October 2022, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.

Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.

Subscribe to get a de-jargoned wrap-up of financial news coming out of three...

This is an audio version of the Lunch Money newsletter for the 21st October 2022, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.

Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.

Subscribe to get a de-jargoned wrap-up of financial news coming out of three...

This is an audio version of the Lunch Money newsletter, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.

Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.

Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. Al...

This is an audio version of the Lunch Money newsletter, from Sharesies, your easy-to-digest round-up of news and announcements coming out of the NZ, US, and Australian share markets.

Lunch Money is not intended as advice. We won’t be making recommendations. We won’t be suggesting anything. It’s just financial news, from Sharesies.

Subscribe to get a de-jargoned wrap-up of financial news coming out of three markets, every Friday. Al...

Elon Musk puts a temporary brake on his takeover of Twitter (TWTR), some takeover news from across the ditch and John catches up with New Zealand Oil & Gas CEO Andrew Jefferies to chat about its current capital raise.

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Netflix (NFLX) shareholders have filed a class action lawsuit against the company accusing it of misleading the market and not informing investors quickly enough about a slide in subscriber numbers. José talks to tech writer and commentator Peter Griffin about the downturn in the market for the once invincible tech stocks.

Tom Waits - Innocent When You Dream (78)

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The New Zealand based part of ANZ’s (ANZ) business increased its net profit by 18 per cent, representing a lift from $930 million to $1.1 billion dollars. The China lockdowns have forced Starbucks (SBUX) to suspend their guidance for the year. AMD (AMD) experiences 71 per cent sales growth in the quarter.

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For more share market news, subscribe to Lunch Money, Sharesies’ bite-sized email update: http...

RocketLab (RKLB) successfully catches a rocket with a helicopter. Billionaire Mike Cannon-Brookes continues to fight AGL’s (AGL) proposed demerger. The European Commission says Apple (AAPL) has been running Apple Pay in such a way that it harms fair competition with rivals in the mobile and online payments space.

All the details from Berkshire Hathaway’s (BRK.A) quarterly results. Qantas (QAN) confirms its Airbus order fro new planes to connect Australia and any major city in one flight. Fortescue (FMG)and Firstgas sign a memorandum of understanding to investigate green hydrogen projects.

Amazon (AMZN), Apple (AAPL) and Meta (FB) all lift the bonnet on their quarters in a volatile week on the US markets. Kogan’s (KGN) stockpiling of inventory backfires somewhat as customers return to stores. NZ Herald’s Business Editor at Large Liam Dann chats about Elon Musk and his pursuit of Twitter.

New Zealand Oil & Gas (NZO) is looking to switch its primary listing to the ASX and launch a rights offering. Alphabet (GOOGL) misses estimates for its first quarter results, YouTube came in at $6.87 billion vs. $7.51 billion expected. Microsoft (MSFT) results meet and beat expectations for the third quarter across the board.

The Twitter (TWTR) board votes unanimously to approve Elon Musk’s bid to buy the social media company. QEX Logistics is delisted from the NZX after a saga of censures and fines for not meeting market disclosure obligations. Pushpay (PPH) informs the NZX it's received buyout offers and interest from third parties.

Elon Musk shakes off the Twitter (TWTR) board’s poison pill and comes back with funding and a plan. MOVe Logistics (MOV) has applied to become a foreign exempt entity in the ASX: it could be dual listed by the end of May. Independent economist and Casual Friday guest Tony Alexander makes sense of the latest annual inflation rate, how we got here and what’s on the cards for the next year or so.

Netflix (NFLX) share price drops 25 percent. Johnson & Johnson (JNJ) beats Q1 estimates, but reports weak demand for its Covid-19 vaccine. Ramsay Health Care (RHC) says it's received a takeover bid from a consortium led by KKR & Co (KKR), if it goes through it could be the biggest overseas private equity purchase in Australian history.

US banks have not fared well this earnings season, but Bank of America’s (BAC) consumer lending business gives it a left. The wave of unionisation has breached  Apple’s (AAPL) shores, workers at a New York store plan to organise and petition for better conditions. Rus Bioscience (RUA) is to produce revenue after launching their first medicinal cannabis medicine.

To fight inflation the Reserve Bank hikes the OCR by 0.5 percent. Lululemon (LULU) launches a trade-in and resell programme for gently used leggings, tops and jackets later this month in the US. NZME (NZM) inks an agreement with Meta (FB) to support subscriber growth and retention.  New Zealand King Salmon (NZK) seeks $60.1 million NZD to change its farming model and reverse high fish mortality rates.

Shopify (SHOP) wants to restructure its shares with a stock split and unorthodox shares for CEO Tobi Lütke. The Commerce Commission has granted provisional approval for the NPA to start collective bargaining with the Meta (FB) and Google (GOOGL) overlords for content deals. ResApp (RAP) signs a deal for a takeover by Pfizer (PFE) for its machine learning technology which detects Covid-19 from audio recordings.

Spark (SPK) starts a process that may lead to selling off part of its cell tower network. Amazon (AMZN) argues the election that created the first union of its workers was “tainted”. BlueScope (bsl) is to buy Cornerstone Building Brands (CNR) owned Coil Coatings  for $500  million USD expanding its US holdings greatly.

Join us for an interview with Air New Zealand CEO Greg Foran where he takes us through why the company is undertaking this $2.2 billion capital raise and its plans for the future.   We also put to Greg some of the most common questions that Sharesies investors are asking.