1 00:00:00,080 --> 00:00:03,040 Speaker 1: Shane. Sally Harbor Asset Management is with us. Hey Shane, 2 00:00:03,360 --> 00:00:05,560 Speaker 1: Hell that right. Give us the latest from the markets today. 3 00:00:06,200 --> 00:00:08,559 Speaker 2: Yep, pretty flat quiet day here in New Zealand. We 4 00:00:08,560 --> 00:00:10,560 Speaker 2: saw in New Zealand government bond year was up two basis 5 00:00:10,560 --> 00:00:13,240 Speaker 2: points to four point one one percent. Uh. The interesting 6 00:00:13,240 --> 00:00:15,600 Speaker 2: one today with New Zealand dollar. We're pretty stable against 7 00:00:15,640 --> 00:00:17,320 Speaker 2: the US dollar at fifty six to thirty five, but 8 00:00:17,400 --> 00:00:21,040 Speaker 2: actually fell against the Australian dollar to a twenty year 9 00:00:21,120 --> 00:00:23,799 Speaker 2: low of eighty six cents thirty So it's going to 10 00:00:23,800 --> 00:00:26,400 Speaker 2: make your holidays to Australia bit more expensive. Heather, there's 11 00:00:26,440 --> 00:00:30,440 Speaker 2: because IRBA number two, Andrew Houser, he said, look, we're 12 00:00:30,440 --> 00:00:32,920 Speaker 2: not going to cut rates in a hurry. Jw zeon 13 00:00:33,000 --> 00:00:35,559 Speaker 2: Shre market up zero point one three percent led by 14 00:00:35,560 --> 00:00:38,120 Speaker 2: a two meridian and for Till main freight the Spark 15 00:00:38,280 --> 00:00:41,479 Speaker 2: we've got main throat due to report Wednesday and in 16 00:00:41,560 --> 00:00:43,440 Speaker 2: for Till due to report Thursday, so there's a bit 17 00:00:43,520 --> 00:00:43,960 Speaker 2: going on. 18 00:00:44,159 --> 00:00:45,839 Speaker 1: How are am z's results received. 19 00:00:46,600 --> 00:00:50,040 Speaker 2: Yeah, Look, the anz to underlying cash unions result was 20 00:00:50,040 --> 00:00:52,800 Speaker 2: two point eighty six big in Australian pretty big number 21 00:00:53,440 --> 00:00:55,480 Speaker 2: flips for the second half of twenty twenty five, it 22 00:00:55,520 --> 00:00:59,120 Speaker 2: was actually slightly below expectations. Revenue a bit lighter. Costs 23 00:00:59,160 --> 00:01:03,880 Speaker 2: we're below expectations and the bank increased loan impayments. Provisions 24 00:01:04,000 --> 00:01:07,199 Speaker 2: are higher than expected, not because they've got a problem, 25 00:01:07,240 --> 00:01:09,160 Speaker 2: because they're actually putting a bit of a hollow log 26 00:01:09,200 --> 00:01:12,840 Speaker 2: in place. Locally, the New Zealand a Z business looked 27 00:01:12,840 --> 00:01:15,720 Speaker 2: pretty solid. Revenue up to six b and for the 28 00:01:15,760 --> 00:01:19,160 Speaker 2: half versus five and a half being for the previous year. 29 00:01:19,800 --> 00:01:21,600 Speaker 2: They've done one hundred and one hundred and forty being 30 00:01:21,680 --> 00:01:24,280 Speaker 2: a blending one hundred and sixteen B in deposits both 31 00:01:24,319 --> 00:01:26,600 Speaker 2: up four percent year on years, So the New Zealand 32 00:01:26,640 --> 00:01:29,679 Speaker 2: business and Good Health a ridge when the result first 33 00:01:29,680 --> 00:01:31,679 Speaker 2: came out here that the market was a bit meh 34 00:01:31,760 --> 00:01:35,840 Speaker 2: about it all, but the New ain Zi chief executivevisly 35 00:01:35,880 --> 00:01:38,160 Speaker 2: Nu no matters. He gave a really good rundown, talked 36 00:01:38,160 --> 00:01:41,760 Speaker 2: about better need address margins, better cost reduction. So sheer 37 00:01:41,760 --> 00:01:45,280 Speaker 2: price action unit up at its highest ever price thirty 38 00:01:45,280 --> 00:01:47,880 Speaker 2: seven to seventy five Australian that's up two point six percent, 39 00:01:47,920 --> 00:01:49,760 Speaker 2: So pretty good day for the AzID share price. 40 00:01:49,840 --> 00:01:52,480 Speaker 1: And we've got Rocket Labs results out tonight. What are 41 00:01:52,480 --> 00:01:53,240 Speaker 1: you expecting there? 42 00:01:54,000 --> 00:01:56,040 Speaker 2: Yeah, look in vers is watching this theft rocket Lab 43 00:01:56,040 --> 00:01:58,559 Speaker 2: can beat the top end of it its expectations because 44 00:01:58,640 --> 00:02:03,440 Speaker 2: we've seen a really launch cadence instead getting their launches 45 00:02:03,480 --> 00:02:07,160 Speaker 2: pretty regular. She had four over the quarter. Looking for 46 00:02:07,200 --> 00:02:10,120 Speaker 2: an improvement on profit margins this new Electron rocket in 47 00:02:10,240 --> 00:02:13,160 Speaker 2: terms of how that's going, and also there's space systems 48 00:02:13,200 --> 00:02:16,880 Speaker 2: back and programs back up running in full production mods 49 00:02:16,880 --> 00:02:21,680 Speaker 2: and markets expecting better profit margins very much. Market. We'll 50 00:02:21,720 --> 00:02:23,720 Speaker 2: be looking to see how the rocket Lab is positioned 51 00:02:23,800 --> 00:02:27,760 Speaker 2: to benefit from what is an accelerating global satellite launch program, 52 00:02:28,639 --> 00:02:31,360 Speaker 2: and how they're progressing with the new generational launch vehicles 53 00:02:31,360 --> 00:02:34,919 Speaker 2: and contract pipeline. Rocket Lab share price it's pulled back 54 00:02:34,960 --> 00:02:38,240 Speaker 2: from it's October high. We had a higher US sixty 55 00:02:38,360 --> 00:02:40,920 Speaker 2: nine to twenty seven. Closed on Friday at fifty one 56 00:02:41,040 --> 00:02:43,240 Speaker 2: sixty four, but of course that's still well up on 57 00:02:43,280 --> 00:02:45,600 Speaker 2: where it was a year ago, which was forteen dollars 58 00:02:45,600 --> 00:02:46,240 Speaker 2: sixty six. 59 00:02:47,080 --> 00:02:48,639 Speaker 1: Hey, Shane, always good to talk to you mate, Thanks 60 00:02:48,639 --> 00:02:50,240 Speaker 1: so much. We'll talk to you again next week. Shane 61 00:02:50,280 --> 00:02:54,400 Speaker 1: Solly Harbor Asset Management. For more from Hither Dupless Yellen Drive, 62 00:02:54,560 --> 00:02:55,960 Speaker 1: listen live to news talks. 63 00:02:55,960 --> 00:02:59,160 Speaker 2: It'd be from four pm weekdays, or follow the podcast 64 00:02:59,280 --> 00:03:00,239 Speaker 2: on I hardredeo