Between tomorrow and December 11, only five of the 46 annual meetings will be held in the South Island and none of them in Dunedin or Queenstown.
SLI Systems holds its meeting in Christchurch on October 16. Livestock Improvement will hold its meeting in Ashburton on October 20, South Port will hold its meeting in Bluff on October 22, Ebos will meet in Christchurch on October 27 and PGG Wrightson will hold its meeting in Christchurch on October 28.
Craigs Investment Partners broker Peter McIntyre said yesterday annual meetings were a good chance for investors to hear the chief executives speak on implementing policy formulated at board level.
A good chief executive could make a difference on how a company operated.
''Take Tourism Holdings, which has had its share of troubles. A good chief executive has turned that company around.''
Otago-Southland investors historically had significant amounts invested in wealth vehicles and sharemarkets, he said.
The chance of an annual meeting in the South would be ideal for some of those investors but Mr McIntyre acknowledged attendances in the past had not been as strong as expected.
Telecom, now Spark, had held its annual meeting in Dunedin and Contact had held two.
''The rotation of meetings around the rest of New Zealand hasn't been great. It would be nice to see Auckland International Airport down here. It is a widely held stock and it has a stake in Queenstown Airport. A meeting in Queenstown would be really good.''
SkyCity Entertainment was another widely held stock in the South, and with interests in Queenstown.
The November 13 annual meeting would have been a ideal opportunity to update the market about the Queenstown convention centre, along with progress on the expansion in Auckland, he said.
Mr McIntyre would support the rotation of meetings around New Zealand rather than the majority of them being held in Auckland.
At the meeting tomorrow, Air NZ was likely to focus on its plan for future growth and how it would manage the age of its fleet.
The biggest expense of fuel would also be of interest to investors.
Also important would be any news on domestic routes and new competition, he said.
''All these companies are subject to continuous disclosure but the meetings give a chance for a strategic focus you don't get through continuous disclosure.''
Air NZ chief executive Christopher Luxon was also likely to talk about the currency and the airline's hedging programme, Mr McIntyre said.
Trade Me was another annual meeting investors would be watching for any signs of margin erosion.
Trade Me met on October 13. It was a high margin business but faced competition.
Sky Network Television was another company likely to create investor interest as it addressed competition in its marketplace.
Consumers were deciding to pick up bits and pieces of programmes on the internet when Sky did not screen them, and golf was a good example.
Anecdotally, subscribers were said to be thinking of cancelling their Sky contracts at the end of the Rugby World Cup.
''Sky TV has to be ahead of the curve to keep investors interested. This is a high-margin business but they have to be relevant.''
Ports of Tauranga and Auckland Airport would give some idea on how problems in Auckland were affecting growth, Mr McIntyre said.
Congestion in Auckland meant Ports of Tauranga was picking up cargo which otherwise would have gone out through Auckland.
The company's update would also give a review of the rural sector, the forestry industry and importantly, dairy exports.
Auckland Airport had issues with pricing being dealt with by the Commerce Commission.
Companies such as Metlifecare would give indications of the prospects of growth in the elderly-care sector.
Share prices of companies now moved just as quickly after an annual meeting as they did with annual financial results, he said.
Annual meetings
• Air New Zealand, Oct 7, Auckland.
• Trade Me, Oct 14, Wellington.
• SLI Systems, Oct 16, Christchurch.
• Solution Dynamics, Oct 19, Auckland.
• Barramundi Ltd, Oct 20, Auckland.
• Genesis Energy, Oct 20, Wellington.
• Livestock Improvement, Oct 20, Ashburton.
• Sky Network TV, Oct 21, Auckland.
• TeamTalk, Oct 21, Wellington.
• Marsden Maritime Holdings, Oct 22, Whangarei.
• South Port, Oct 22, Bluff.
• Port of Tauranga, Oct 22, Tauranga.
• Vector, Oct 22, Auckland.
• Auckland International Airport, Oct 22, Manukau.
• Fliway Group, Oct 23, Auckland.
• Ebos Group, Oct 27, Christchurch.
• Metlifecare, Oct 27, Auckland.
• Chorus, Oct 27, Wellington.
• PGG Wrightson, Oct 28, Christchurch.
• Skellerup Holdings, Oct 28, Auckland.
• NZ Oil and Gas, Oct 29, Wellington.
• Marlin Global, Oct 30, Auckland.
Between tomorrow and December 11, only five of the 46 annual meetings will be held in the South Island and none of them in Dunedin or Queenstown.
SLI Systems holds its meeting in Christchurch on October 16. Livestock Improvement will hold its meeting in Ashburton on October 20, South Port will hold its meeting in Bluff on October 22, Ebos will meet in Christchurch on October 27 and PGG Wrightson will hold its meeting in Christchurch on October 28.
Craigs Investment Partners broker Peter McIntyre said yesterday annual meetings were a good chance for investors to hear the chief executives speak on implementing policy formulated at board level.
A good chief executive could make a difference on how a company operated.
''Take Tourism Holdings, which has had its share of troubles. A good chief executive has turned that company around.''
Otago-Southland investors historically had significant amounts invested in wealth vehicles and sharemarkets, he said.
The chance of an annual meeting in the South would be ideal for some of those investors but Mr McIntyre acknowledged attendances in the past had not been as strong as expected.
Telecom, now Spark, had held its annual meeting in Dunedin and Contact had held two.
''The rotation of meetings around the rest of New Zealand hasn't been great. It would be nice to see Auckland International Airport down here. It is a widely held stock and it has a stake in Queenstown Airport. A meeting in Queenstown would be really good.''
SkyCity Entertainment was another widely held stock in the South, and with interests in Queenstown.
The November 13 annual meeting would have been a ideal opportunity to update the market about the Queenstown convention centre, along with progress on the expansion in Auckland, he said.
Mr McIntyre would support the rotation of meetings around New Zealand rather than the majority of them being held in Auckland.
At the meeting tomorrow, Air NZ was likely to focus on its plan for future growth and how it would manage the age of its fleet.
The biggest expense of fuel would also be of interest to investors.
Also important would be any news on domestic routes and new competition, he said.
''All these companies are subject to continuous disclosure but the meetings give a chance for a strategic focus you don't get through continuous disclosure.''
Air NZ chief executive Christopher Luxon was also likely to talk about the currency and the airline's hedging programme, Mr McIntyre said.
Trade Me was another annual meeting investors would be watching for any signs of margin erosion.
Trade Me met on October 13. It was a high margin business but faced competition.
Sky Network Television was another company likely to create investor interest as it addressed competition in its marketplace.
Consumers were deciding to pick up bits and pieces of programmes on the internet when Sky did not screen them, and golf was a good example.
Anecdotally, subscribers were said to be thinking of cancelling their Sky contracts at the end of the Rugby World Cup.
''Sky TV has to be ahead of the curve to keep investors interested. This is a high-margin business but they have to be relevant.''
Ports of Tauranga and Auckland Airport would give some idea on how problems in Auckland were affecting growth, Mr McIntyre said.
Congestion in Auckland meant Ports of Tauranga was picking up cargo which otherwise would have gone out through Auckland.
The company's update would also give a review of the rural sector, the forestry industry and importantly, dairy exports.
Auckland Airport had issues with pricing being dealt with by the Commerce Commission.
Companies such as Metlifecare would give indications of the prospects of growth in the elderly-care sector.
Share prices of companies now moved just as quickly after an annual meeting as they did with annual financial results, he said.
Annual meetings
• Air New Zealand, Oct 7, Auckland.
• Trade Me, Oct 14, Wellington.
• SLI Systems, Oct 16, Christchurch.
• Solution Dynamics, Oct 19, Auckland.
• Barramundi Ltd, Oct 20, Auckland.
• Genesis Energy, Oct 20, Wellington.
• Livestock Improvement, Oct 20, Ashburton.
• Sky Network TV, Oct 21, Auckland.
• TeamTalk, Oct 21, Wellington.
• Marsden Maritime Holdings, Oct 22, Whangarei.
• South Port, Oct 22, Bluff.
• Port of Tauranga, Oct 22, Tauranga.
• Vector, Oct 22, Auckland.
• Auckland International Airport, Oct 22, Manukau.
• Fliway Group, Oct 23, Auckland.
• Ebos Group, Oct 27, Christchurch.
• Metlifecare, Oct 27, Auckland.
• Chorus, Oct 27, Wellington.
• PGG Wrightson, Oct 28, Christchurch.
• Skellerup Holdings, Oct 28, Auckland.
• NZ Oil and Gas, Oct 29, Wellington.
• Marlin Global, Oct 30, Auckland.
