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Shane Solly: Harbour Asset Management expert on Donald Trump calling off Iran strikes · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks'd be follow
• 0:12
  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: Shane Solely from Harbor Asset Management joins in our shamee
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  Speaker 2: good evening to you, Hello Andrew. So here we go again.
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  Speaker 2: The volatility is here again. It's up and then it's
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  Speaker 2: down and people are investing. So how are investment markets
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  Speaker 2: reacting to the United States holding off our new strikes
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  Speaker 2: on a round subject to a deal.
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  Speaker 3: Well, you know that it's up and down again, but
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  Speaker 3: it's been a pretty muted response so far. Injury, the
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  Speaker 3: brint crude or price been quite volatiles down on Friday's close,
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  Speaker 3: but it's been a real volatile day. It's been between
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  Speaker 3: eighty one to fifty five US a barrel to eighty
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  Speaker 3: four fifty US a barrel is currently around eighty three
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  Speaker 3: resolution if we do get one, is it extually important
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  Speaker 3: for our covenment bond yours? Last month we saw long
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  Speaker 3: term interest rates increased by about a quarter percent point
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  Speaker 3: two five percent, and that was predominated in its Middle
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  Speaker 3: East situation that increases borrowing costs for all of us. Unfortunately,
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  Speaker 3: today the bond market didn't go for it ten year
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  Speaker 3: government bond. You was hearing Zone up another seven basis
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  Speaker 3: points to four points even four. We saw the New
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  Speaker 3: Zealon shear market up today, but the rest of Asia
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  Speaker 3: was pretty weak. In fact, we've seen this Korean sharmaker
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  Speaker 3: down another five percent today on this AI unwind. Okay,
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  Speaker 3: so yeah, not going for it yet.
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  Speaker 2: Vista Group, the movie theater software company. What did the
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  Speaker 2: market make of their profit result today?
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  Speaker 3: Yeah?
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  Speaker 2: Like it.
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  Speaker 3: It was quite a confident during period results. The first
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  Speaker 3: half revenue eighty six points through where it was a
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  Speaker 3: bit of head of eighty six point three million, sorry,
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  Speaker 3: was a little bit of a head of expectation. They
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  Speaker 3: actually lifted revenue guidance to between one hundred and seventy
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  Speaker 3: nine to one hundred and eighty four million, which is
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  Speaker 3: a little ahead of expectations, driven by good customer growth
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  Speaker 3: and a little bit of foreign exchange benefits. They did
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  Speaker 3: keep their profit margin a guidance flat. They're basically spending
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  Speaker 3: a lot more money supporting customer onboarding. That's a good thing,
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  Speaker 3: but they've got to invest it up front. And they
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  Speaker 3: highlighted an early box office success of Spider Man and Odyssey,
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  Speaker 3: so hopefully that success keeps going. Check this year price
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  Speaker 3: along today without one point six percent to two dollars
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  Speaker 3: fifty one.
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  Speaker 2: Have you seen the Odyssey?
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  Speaker 3: No yet, sounds good though looking forward to it.
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  Speaker 2: I have as magnificent. Have you seen obviously? Have you
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  Speaker 2: seen Spider Man?
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  Speaker 3: Now?
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  Speaker 2: You obviously worked too hard.
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  Speaker 3: There's an opportunity for me absolute.
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  Speaker 2: Well, Tom Holland, this is his seventh movie, is Spider Man.
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  Speaker 2: That means he's out of the sixth movie deal. So
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  Speaker 2: he's getting forty million for this, but we believe that
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  Speaker 2: he'll be getting points. And they did one and a
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  Speaker 2: half billion in a weekend. So wow, Mester Hot, there's
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  Speaker 2: a return for you, mate, there's a there's a market
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  Speaker 2: return for you anyway. Look getting back to New Zealand,
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  Speaker 2: Brisco's Group released today and what did the market make
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  Speaker 2: of that as well?
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  Speaker 3: Yeah, a robust training update from Brisco's, boosted by Rebel
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  Speaker 3: the sports could business that more than I've set a
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  Speaker 3: bit a weakness and Brisco's the home Where's business? The
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  Speaker 3: team at Briscos did a good job. They had to
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  Speaker 3: push deals hard to support those sales, but none of
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  Speaker 3: they's gotten through. The management team provided first half twenty
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  Speaker 3: twenty seven profit guidance of no less than twenties of
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  Speaker 3: a mill, which is about where the market is. Kind
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  Speaker 3: of a constructive outlook statement from management team. They're saying,
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  Speaker 3: although economic conditions remain difficult and recovery continues to be
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  Speaker 3: slow and anticipated, we are encouraged by the sales of
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  Speaker 3: the resilience achieved during the first half. It's a similar
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  Speaker 3: time we're getting from other people as well, that there
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  Speaker 3: is a little bit of life in the economy. The
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  Speaker 3: market was also encouraged by the update, with the Brisco
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  Speaker 3: share price closing up one point three percent to four
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  Speaker 3: sixty six today.
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  Speaker 2: Very good, You'll never buy better, and I thank you
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  Speaker 2: so much. Shane Solely from Harvard ass Hit Management.
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