pbmcbeth retweeted
And less than a week later, Rocket Lab ($RKLB) is worth ~NZ$130B - about 70% of the total market capitalisation of the NZ stock exchange.
The stock is now up over 3,600% from its April 2024 low.
Rocket Lab is now worth over NZ$100B - more than half the total market capitalisation of the 🇳🇿 stock market.
If you had invested $10k in $RKLB at its April 2024 low, your investment would now be worth almost $300k (+2,888%).
By comparison, an NZX50 ETF would have returned ~12%.
pbmcbeth retweeted
A New Zealand High Court ruling has clarified when ministerial assurances in major privatisations carry legal weight, and when they do not.
hubs.la/Q045RB000
#HighCourt #MāoriRights #WaterRights
pbmcbeth retweeted
NEW: Bill English pitched a capital gains tax to his colleagues when finance minister but it didn’t find favour
He says there is little point of doing one now as the era of rapid house price growth has ended
interest.co.nz/public-policy…
pbmcbeth retweeted
My prediction for some time has been that whichever party leads govts over the next few terms the GST rate will rise.
Structural deficit pressures are real, so is reluctance to cut spending, & even if Lab goes with a CGT it won’t raise much money…
nzherald.co.nz/nz/politics/t…
pbmcbeth retweeted
🚨 $NVDA Q2 Earnings 🚨
• Total Sales $46.7B vs Est. $46.1B
• EPS $1.05 vs Est. $1.01
• Data Center Sales $41.1B vs Est. $41.3B
• Networking Sales $5.1B vs Est. $5.1B
Q3 Guidance
• Sales $54B vs Est. $46B
• Gross Margins 74% vs. Est. 72%
Nvidia approves additional $60B in share buyback.
pbmcbeth retweeted
RBNZ Chair Neil Quigley apologized to a Treasury Department official for the behavior of Governor Adrian Orr less than two weeks before he abruptly quit bloomberg.com/news/articles/…
pbmcbeth retweeted
Virgin Australia has launched its highly anticipated float, opening at $3.12. $VGN traded as high as $3.18 in the first few minutes.
Follow live: afr.com/markets/equity-marke…
pbmcbeth retweeted
It’s perhaps the biggest ‘don’t you know who I am’ moment since an inebriated MP Aaron Gilmore allegedly said just that to a waiter in a Hanmer Springs hotel. Out from the @NewsroomNZ paywall, I ask Reserve Bank chair Neil Quigley to account for his claims newsroom.co.nz/2025/06/13/do…
pbmcbeth retweeted
But one member voted to hold rates. Interesting. See what Hawkesby says during the presser.
pbmcbeth retweeted
$RKLB ONRAMPED TO MULTI-BILLION DOLLAR U.S. & U.K. DEFENSE CONTRACTS TO ADVANCE HYPERSONIC TECH VIA HASTE PROGRAM 🤩
pbmcbeth retweeted
The Monetary Policy Committee has today agreed to cut the Official Cash Rate (OCR) by 25 basis points to 3.5%.
As the extent and effect of tariff policies become clearer, the Committee has scope to lower the OCR further as appropriate. Future policy decisions will be determined by the outlook for inflationary pressure over the medium term.
Read more: bit.ly/3EhBlUN
#RBNZ #OfficialCashRate #OCR #MonetaryPolicyReview
