Martin Jetpack reviews ASX listing as Chinese investor commi

Article – BusinessDesk

Dec. 19 (BusinessDesk) – 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 offering on the Australian Stock Exchange to commercialise its single person … Read more »

Profit upgrade

Press Release – Tourism Holdings Limited

Following the board meeting held today the Directors have upgraded the half year and year end forecast for the year ended 30th June 2015. Read more »

Appointment of Non Executive Director

Press Release – Tourism Holdings Limited

The board of thl are pleased to announce the appointment of Grinne Troute to the board as a non executive director commencing February 1st 2015. Read more »

MARKET CLOSE: NZ shares rose on oil relief; Air NZ gains

Article – BusinessDesk

Dec. 18 (BusinessDesk) – New Zealand shares rose, led by OceanaGold Corp and Air New Zealand following a global rally as a rebound in oil prices and positive statements from the US Federal Reserve gave investors hope for the international economy. Arvida … Read more »

Finzsoft shareholder Rubik to consider takeover

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Finzsoft Solutions shareholder Rubik Financial will consider a $3 per share takeover offer by the New Zealand software developer’s chief executive Andrew Holliday and Singaporean tech firm Silverlake Axis, once it has more information. Read more »

Tourism Holdings lifts annual profit forecast to $17 million

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, has lifted its forecast for first-half and annual earnings for a second time on favourable trading conditions. Read more »

Chapman Tripp Advises Arvida on NZ’s Final IPO for 2014

Press Release – Chapman Tripp

Chapman Tripp has advised Arvida Group Limited ( Arvida ) on its $80m initial public offering ( IPO ) and listing today on the NZX Main Board. The companys market capitalisation on the IPO price is $215m. Read more »

Pacific Edge’s half year report

Press Release – Pacific Edge

Signed Cxbaldder agreement with Multiplan, a large National Provider Network (NPN) in the US. This is the fourth agreement to be signed with NPNs since October 2013. Read more »

Spark’s Lightbox, Coliseum in JV to gain foothold in market

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Lightbox, Spark New Zealand’s online content business, will broadcast premium sports via a joint venture with Coliseum Sports Media New Zealand as it looks to gain a foothold in the “crowded online TV marketplace”. Read more »

Finzsoft boss to make takeover bid with Silverlake Axis

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Andrew Holliday, managing director of Finzsoft Solutions, intends to make a discounted takeover bid for the financial software developer in partnership with Silverlake Axis, the Bermuda-based IT company. Read more »

All Black Dan Carter increased his shareholding in Arvida

Article – BusinessDesk

Dec. 18 (BusinessDesk) – All Black Dan Carter said he increased his shareholdings in the retirement village sector when supporting the initial public offer of Arvida Group which debuted on the NZX this morning. Read more »

LIC takes majority stake in Brazilian JV partner

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Livestock Improvement Corp, which provides testing and artificial breeding services to the dairy industry, has purchased a majority interest in its Brazilian genetics distributor, NZ Brasil Genetics Producao Animal for an undisclosed … Read more »

IkeGPS’s COO Paul Brewerton resigns, no replacement sought

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Paul Brewerton, chief operating officer of ikeGPS Group, has left the remote measuring devices and software company and will not be replaced. Read more »

PGC to continue share buybacks; Torchlight audit still going

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Pyne Gould Corp, which is controlled by managing director George Kerr, will keep on buying back shares as it looks to narrow the shortfall from its net tangible asset value, and said it expects the audit of its Torchlight … Read more »

Comvita shortfall bookbuild priced at 7% premium

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Comvita, the Te Puke-based maker of health products based on manuka honey, raised $24.4 million as strong demand in the yesterday’s shortfall bookbuild saw investors pay a 7 percent premium to the rights issue. Read more »

Wynyard warns FY revenue may miss forecast as contracts lag

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Wynyard Group, the security software firm, warned annual revenue may come in lower than its forecast $29 million as negotiations with some of its larger customers lag. The shares fell. Read more »

Scales affirms 2015 earnings guidance for $20.8 mln profit

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Scales Corp, the fruit and vegetables logistics company, affirmed its earnings guidance for 2015 with growth tipped across all of its units. Read more »

Intueri buys out 50% stake in Online Courses Australia

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, will buy the remaining half of Online Courses Australia Group that it doesn’t own for an initial payment of $14 million and the remainder based on next year’s … Read more »

MARKET CLOSE: NZ shares fall, paced by OceanaGold, Fletcher

Article – BusinessDesk

Dec. 16 (BusinessDesk) – New Zealand shares joined in a global sell off, led by OceanaGold Corp and Fletcher Building, as investors were spooked by a falling oil price. Air New Zealand, Mainfreight and Z Energy gained on the prospect of cheaper fuel costs. Read more »

Buller loses bid to claw back interest from Brightwater

Article – BusinessDesk

Buller loses bid to claw back interest on $4 mln from Brightwater over escarpment plans Read more »

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