Shareholders Stories - Page 5

Kiwi Stories

Shareholders stories

NZOG says acceptances in Cue takeover lift holding to 27%, close to target

New Zealand Oil and Gas said acceptances under its hostile takeover offer for ASX-listed Cue Energy Resources lift its interest in the target company.

By Pattrick Smellie • 3 min read • Fri, 13th Mar 2015

Capital

UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share

Fliway Group, the transport and logistics provider behind the first float on the NZX this year, is hoping to raise between $27.

By Pattrick Smellie • 3 min read • Fri, 6th Mar 2015

Gentrack

Gentrack affirms 2015 profit guidance, looking at acquisitions

Gentrack Group, which develops utilities and airports software, affirmed its annual profit guidance and said it is looking at potential acquisitions.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015

Westpac

UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.

By Pattrick Smellie • 4 min read • Thu, 26th Feb 2015

Power / Energy

Energy Mad to raise $2.24M in rights issue at 13% discount

Energy Mad aims to secure £2.24m for expansion, offering shareholders cut-rate rights issue amid growth plans.

By Pattrick Smellie • 1 min read • Wed, 25th Feb 2015

Sales

Steel & Tube posts 35% gain in first-half profit on uplift in construction

Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.

By Pattrick Smellie • 2 min read • Thu, 19th Feb 2015

Physical Security

CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015

Sales

ASX-listed Inventis sells unprofitable kiwi furniture unit to Hamilton-based firm

Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015

Airwork affirms annual profit growth forecast; flags slowdown in helicopter trading

Airwork Holdings, the listed aviation business, still expects annual earnings to climb 48 percent this financial year even as a slowdown in helicop.

By Pattrick Smellie • 2 min read • Wed, 11th Feb 2015

Health Technologies

Tweaked Connor ownership soothes regulator's concerns in Acurity takeover

The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding compan.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014

Health Technologies

Connor Healthcare tries again for Acurity takeover

The three biggest shareholders of Wellington hospital owner Acurity Health Group have put a second application to the Commerce Commission, reducing.

By Pattrick Smellie • 2 min read • Wed, 17th Dec 2014

Risk & Compliance

FMA boss says corporate governance in NZ could be better

FMA chief calls on New Zealand directors to improve corporate governance practices as part of regulator's risk outlook.

By Pattrick Smellie • 5 min read • Thu, 11th Dec 2014

NZ Dollar

NZ dollar heads for 0.9% fall as US jobs report looms

As the US jobs report looms, the NZ dollar is set for a 0.9% tumble, amidst global shifts and economic speculations.

By Pattrick Smellie • 2 min read • Fri, 5th Dec 2014

Investment

Rubicon reiterates IPO plans for ArborGen, laments languishing share price

Rubicon, the forestry biotech company spun out of Fletcher Challenge, reiterated plans for an initial public offer for ArborGen, the biotech forest.

By Pattrick Smellie • 3 min read • Fri, 5th Dec 2014

Dirty Politics

Tony Falkenstein to take over as JWI boss, as Ian Ormiston quits

Tony Falkenstein, founder and majority owner of Just Water International, will take over as head of the water cooler and supplies business after ch.

By Pattrick Smellie • 3 min read • Tue, 2nd Dec 2014

Global Stories

Shareholders stories

Licensing

Windflow narrows 1H loss, says new financing needed

Windflow Technology, the unprofitable wind turbine manufacturer, narrowed its first-half loss but says it will need to borrow from its shareholders an.

By Pattrick Smellie • 2 min read • Fri, 13th Mar 2015

Management

Woosh annual sales fall on dwindling customer numbers, parent accounts show

Woosh Wireless, the local internet service provider, reported a 14 percent drop in annual sales as it shed customers, while clamping down on costs.

By Pattrick Smellie • 4 min read • Wed, 31st Dec 2014

GPG gets warning notice over Coats pension scheme

Guinness Peat Group has received a warning notice over its Coats Pension Plan from the UK Pensions Regulator over the level of support for the supe.

By Pattrick Smellie • 2 min read • Mon, 22nd Dec 2014

Surveillance

Martin Jetpack reviews ASX listing as Chinese investor commits A$50M

New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public.

By Pattrick Smellie • 3 min read • Fri, 19th Dec 2014

Shareholders

Delegat's to push into China next year as part of global wine brand expansion

Delegat's Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percen.