Stewart family emerges with substantial stake in SeaDragon

Article – BusinessDesk

Christchurch’s rich-lister Stewart family has built up a substantial stake in SeaDragon, exercising more than half the rights issued to prop up the fish oil manufacturer. Read more »

SeaDragon Enjoys Strong Support for Rights Issue

Press Release – SeaDragon

Acceptances and over subscriptions for one-for-two renounceable rights offer raise $8.8 million, representing 70.03% of rights issued New Zealands largest refiner and blender of Omega-3 fish oils SeaDragon is enjoying strong support for its ongoing … Read more »

Sam Morgan poised to leave Trade Me board

Article – BusinessDesk

Sam Morgan is poised to leave the board of Trade Me, the company he founded and later sold in 2006, with plans to focus on early-stage businesses and his charitable trust. Read more »

New SLI Systems Product Gives Meaningful Lift To Sales

Press Release – SLI Systems

US Retailer Footwear Etc. achieves 10 percent increase in revenue from search and navigation pages after implementing SLI Enhanced Search Personalisation Read more »

Pushpay successfully completes AU$54m book build

Press Release – Pushpay

Pushpay Holdings Limited (NZSX:PAY) (Pushpay or the Company) is pleased to advise that it has successfully completed the book build for its AU$40 million (US$31 million) private placement, at the clearing price of AU$2.09 per share (NZ$2.20 … Read more »

ANZ senior manager Mike Tod exercises options, sells shares

Article – BusinessDesk

Oct. 4 (BusinessDesk) – Air New Zealand chief marketing & customer officer Mike Tod has exercised options to buy 405,743 shares in the national airline, selling almost all of them straight away. Read more »

Grant Samuel to assess ‘opportunistic’ takeover bid

Press Release – BusinessDesk

Oct. 3 (BusinessDesk) – Hellaby Holdings has appointed independent adviser Grant Samuel to prepare a report to shareholders on what the board says is an “opportunistic” takeover bid that doesn’t represent fair value for the company. Read more »

Massively successful equity crowdfunder for Tech Startup

Press Release – The Module Project

AUCKLAND 29 October 2016 The Module Project equity crowdfunding round has been a resounding success. New Zealanders have voted with their wallets. Module has seen their campaign reach over 300% of its target with a few days … Read more »

NZ dollar heads for 1.9% gain in September quarter

Article – BusinessDesk

NZ dollar heads for 1.9% gain in September quarter; bank stocks keep investors on edge Read more »

Air NZ reiterates warning of increased competition

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Air New Zealand, the countrys national airline, reiterated its warning to shareholders that increased competition will hurt revenue this financial year. Read more »

ACC buys high, sells low as Intueri surprises investors

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Fund managers including those at the Accident Compensation Corp were among sellers of Intueri Education Group shares this week that sent the company to a record low in the wake of a cascade of bad news. Read more »

Bapcor Hellaby Takeover a Logical Step

Press Release – Bapcor Limited

30 September 2016: Listed Australian automotive aftermarket parts business Bapcor Limited (ASX:BAP) says its proposed takeover offer for Hellaby Holdings Limited (NZX:HBY) is a logical step in the long-standing relationship between the two companies. Read more »

Well-supported CBL placement will fund further growth

Press Release – CBL Corporation

A NZ$60m placement of new fully paid ordinary shares in CBL Corporation Ltd at a fixed price of NZ$3.45 per share will enhance and support the funding of future growth opportunities for specialist insurer CBL Corporation in new and existing markets, … Read more »

HydroWorks to raise another A$1.5M ahead of ASX listing

Article – BusinessDesk

Sept. 29 (BusinessDesk) – HydroWorks, a Christchurch-based hydro-electricity turbine innovator, is going across the Tasman to raise A$1.5 million, having just raised the almost same amount in New Zealand, ahead of an ASX listing slated for the first … Read more »

Plexure’s annualised revenue rises to $7.1M

Press Release – BusinessDesk

Sept. 29 (BusinessDesk) – Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering … Read more »

Hellaby board sees more value in company than Bapcor bid

Article – BusinessDesk

Hellaby board sees ‘significantly’ more value in company than Bapcor’s $322.5M bid, MD Clarke says Read more »

NZ shares drop, Orion Health and Xero lead index lower

Article – BusinessDesk

MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces Read more »

74% share price slump ‘a bit of an overreaction’

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Intueri Education Group chairman Chris Kelly says the market has had “a bit of an overreaction” to today’s news that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company, … Read more »

UPDATE: Hellaby shares climb 8.6%

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor’s $322.5 million takeover bid. Read more »

Tauranga angel network launches new crowdfunding platform

Article – BusinessDesk

Tauranga’s Enterprise Angels network of investors in early stage companies has launched a new crowdfunding platform to make it easier for sophisticated investors to access those opportunities. Read more »

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