Latest / The SME Stream / Rocket Lab wins company of the year 2degrees business with Garth Bray of Business Desk

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Rocket Lab wins company of the year 2degrees business with Garth Bray of Business Desk · The SME Stream

• 0:02
  Speaker 1: Time out of Talk Business with our partner's two degrees.
• 0:04
  Speaker 1: The big names of business may be a bit dusty
• 0:07
  Speaker 1: this morning, including our Garth Bray. After celebrating the winners
• 0:10
  Speaker 1: at the Deloite Top two hundred Awards last night in Auckland.
• 0:12
  Speaker 1: He's with us this morning. Get a Garth Ryan.
• 0:16
  Speaker 2: There's a bit of a husk in the voice game.
• 0:18
  Speaker 1: It's from cheering whatever, however, it's from red wine.
• 0:23
  Speaker 3: Was it fun last night? Good night?
• 0:25
  Speaker 2: Yeah, it was actually a really good night, really good
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  Speaker 2: vibe in the room. Obviously, you know, people are there
• 0:29
  Speaker 2: to sort of turned the page on a year that's
• 0:31
  Speaker 2: been incredibly tough. A lot to talk about resilience. On
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  Speaker 2: the it wasn't quite a red carpet, more of a
• 0:35
  Speaker 2: black carpet. Maybe that's a metaphor for twenty twenty five,
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  Speaker 2: twenty six, but I mean, obviously the big winner or
• 0:41
  Speaker 2: a lot of the big winners last night up there
• 0:42
  Speaker 2: on stage. Rocket Lab Company of the Year, Peter Beck
• 0:45
  Speaker 2: obviously a global leader, which is huge for New Zealand.
• 0:48
  Speaker 2: You know, the second the Electron rocket is the second
• 0:51
  Speaker 2: most launched space rocket and Marhepeninza is the second busiest
• 0:55
  Speaker 2: spaceport in the world. No, those are facts true.
• 1:00
  Speaker 1: Yeah, and their market caps like thirty six billion.
• 1:02
  Speaker 2: Dollars and just the pipeline Talent of opportunity is a
• 1:05
  Speaker 2: week clip. Just have a little listen. They're talking about
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  Speaker 2: the NASA Escapade vehicles that they've created.
• 1:11
  Speaker 4: At about one year's time, they will arrive in Mars
• 1:15
  Speaker 4: orbit and when they reached there, twenty percent of everything
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  Speaker 4: that's active in Mars orbit right now will be designed
• 1:23
  Speaker 4: and built by rocket Lab. So we're very happy with
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  Speaker 4: that one.
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  Speaker 3: That is cool.
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  Speaker 2: That's like, you know, a couple of it's a ton
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  Speaker 2: of stuff up there in space just past the Moon
• 1:32
  Speaker 2: at the moment, I think one point five million miles out,
• 1:34
  Speaker 2: he said. So obviously, Sophie Maloney CEO of the Year,
• 1:38
  Speaker 2: which is interesting for a media company, she's sort of
• 1:41
  Speaker 2: pretty keen to make the most out of that purchase
• 1:43
  Speaker 2: of the three platform from Warner Brothers.
• 1:45
  Speaker 1: As opposed to your big Fonterra we are. Do you
• 1:48
  Speaker 1: think there's a bit of like when it comes to
• 1:49
  Speaker 1: judging these sorts of things. You know, was Fonterra just
• 1:53
  Speaker 1: you know, for a good year riding the wave of
• 1:56
  Speaker 1: the milk price as opposed to some other businesses have
• 1:58
  Speaker 1: actually had some real challenge is going on.
• 2:00
  Speaker 2: Well, I mean the chair Peder McBride picked up Chair
• 2:03
  Speaker 2: of the Year and that was for sort of calming
• 2:05
  Speaker 2: the farm literally and making sure that that deal went through.
• 2:08
  Speaker 2: And it's the second time he's won that award. He
• 2:10
  Speaker 2: wanted his Chair of Zespriy, so that says a bit
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  Speaker 2: about his capacity as well. So I guess you've got
• 2:14
  Speaker 2: a team for of good people. You can do good
• 2:16
  Speaker 2: things one hundred percent.
• 2:17
  Speaker 1: Right, Let's look at some of our small market caps
• 2:20
  Speaker 1: for the year we're looking back. This is for Business Desk.
• 2:23
  Speaker 2: Ye, So we do a small cap rap just to
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  Speaker 2: shine a bit of a light on some of the
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  Speaker 2: undiscovered bits of value down there. And it's while worth
• 2:29
  Speaker 2: looking at because the small cap index rose. This is
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  Speaker 2: you know, stocks that are sometimes trading under a dollar,
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  Speaker 2: so a movement can be quite substantial. There rose thirty
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  Speaker 2: percent this year, MidCap equivalent was twenty percent. Over All,
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  Speaker 2: the z X fifty index rows four percent and the
• 2:43
  Speaker 2: top ten went backwards four percent. So if you were
• 2:46
  Speaker 2: making some smart picks and plays and looking at some
• 2:48
  Speaker 2: little companies around that are worth paying a bit more
• 2:51
  Speaker 2: attention to, you might have made a bit of money.
• 2:53
  Speaker 2: I think we're obviously not here to make investment decisions
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  Speaker 2: for people. But if you're looking backwards, companies like Bremworth,
• 3:00
  Speaker 2: Radius and smartpay all did exceptionally well if you had
• 3:03
  Speaker 2: been in any of those, Okay.
• 3:05
  Speaker 1: And looking at the economy where I think.
• 3:07
  Speaker 3: December nineteenth we get the GDP number four quarter three,
• 3:11
  Speaker 3: we're getting some partials as like we're getting GDP figures,
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  Speaker 3: which that one of those yesterday was the building work
• 3:17
  Speaker 3: anti building work in place volumes up one point five percent,
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  Speaker 3: which is ahead of what we were expecting, and about
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  Speaker 3: I think about a two point eight lift for residential construction.
• 3:27
  Speaker 2: Non residential went backwards a bit. Construction prices only rose
• 3:30
  Speaker 2: for residential point one percent. So not a bad time
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  Speaker 2: to be building a house.
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  Speaker 1: Absolutely, Garth, thank you for that. And can I just
• 3:37
  Speaker 1: say lovely working with you this year, looking forward to
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  Speaker 1: doing it again next fantastic, Garth Brave, Well, you could
• 3:42
  Speaker 1: say you too.
• 3:43
  Speaker 2: I could say you too, but I'm just letting you
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  Speaker 2: own the moment. It's always a pleasure every morning, every morning.
• 3:55
  Speaker 1: Garth Brape business. That's things to our partners too,