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Capital raising Stories - Page 30

Kiwi Stories

Capital raising stories

SkyCity's big spending plans may not deliver enough to earnings, investors say
Shares

SkyCity's big spending plans may not deliver enough to earnings, investors say

SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015
Local Government NZ suggests new taxes, central govt support could bridge spending gap
Partner Programmes

Local Government NZ suggests new taxes, central govt support could bridge spending gap

New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central gove.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015
VMob hastens to squash rumours of insider trading
Risk & Compliance

VMob hastens to squash rumours of insider trading

VMob Group has released a statement acknowledging the market speculation regarding certain VMob directors and insider trading.

By Catherine Knowles • 3 min read • Mon, 2nd Feb 2015
Auckland convention centre cost jumps by a fifth
Government

Auckland convention centre cost jumps by a fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 mi.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014
UPDATE: Chorus shares jump after regulator lifts access pricing
Unified Communications

UPDATE: Chorus shares jump after regulator lifts access pricing

Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices i.

By Pattrick Smellie • 4 min read • Tue, 2nd Dec 2014
Scales says full-year earnings may exceed prospectus, to pay 3 cent interim dividend
Supply Chain

Scales says full-year earnings may exceed prospectus, to pay 3 cent interim dividend

Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in.

By Pattrick Smellie • 2 min read • Mon, 24th Nov 2014
Serko widens 1H loss, boosts sales and staff
Serko

Serko widens 1H loss, boosts sales and staff

Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014
Armillary, Crowdcube granted crowd funding licence by FMA
PledgeMe

Armillary, Crowdcube granted crowd funding licence by FMA

The Financial Markets Authority has licensed Armillary Capital's equity crowd funding platform, Crowdcube, adding competition to the new capital ra.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014
'NXT' year for NZX's new growth market
Payment Technologies

'NXT' year for NZX's new growth market

NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Chri.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014
NZX trading volumes rise in October, boosted by smaller value trades
Shares

NZX trading volumes rise in October, boosted by smaller value trades

The volume of trades on the New Zealand stock exchange increased in October, boosted by a rise in lower value equity transactions and more trading.

By Pattrick Smellie • 2 min read • Wed, 5th Nov 2014
TechEd LIVE: Startups must think smart, and write it down...
Risk & Compliance

TechEd LIVE: Startups must think smart, and write it down...

At TechEd, experts urge startups to document ideas early; launching Back of a Napkin app to prevent legal pitfalls.

By Staff Writer • 4 min read • Fri, 12th Sep 2014
Bang a gong, get it on, Serko...
Serko

Bang a gong, get it on, Serko...

Kiwi cloud tech firm Serko starts trading on the NZX Main Board, raising NZD $22 million at NZD $1.10 per share with overwhelming investor support.

By Staff Writer • 2 min read • Tue, 24th Jun 2014

Global Stories

Capital raising stories

Martin Jetpack reviews ASX listing as Chinese investor commits A$50M
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
Whey protein inquiry calls for tighter rules after missteps lead to botulism scare
Risk & Compliance

Whey protein inquiry calls for tighter rules after missteps lead to botulism scare

Stage two of a government inquiry into Fonterra Cooperative Group's whey protein contamination scare has recommended the Ministry for Primary Indus.

By Pattrick Smellie • 3 min read • Tue, 9th Dec 2014
NZ Super Fund invests US$60 million in LanzaTech, taking 17% stake
Investment

NZ Super Fund invests US$60 million in LanzaTech, taking 17% stake

The New Zealand Superannuation Fund has invested US$60 million in LanzaTech, taking a 17 percent stake, in what may be the gas fermentation company.

By Pattrick Smellie • 4 min read • Tue, 9th Dec 2014
Xero widens first-half loss, concedes US did not execute to plan
Fintech

Xero widens first-half loss, concedes US did not execute to plan

Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014
Lanzatech, Indian researchers develop new way of producing omega-3 fatty acids
Callaghan Innovation

Lanzatech, Indian researchers develop new way of producing omega-3 fatty acids

LanzaTech, the New Zealand-founded carbon recycling company, and a research team from India's IOC-DBT Center for Advanced Bio-Energy Research have.

By Pattrick Smellie • 3 min read • Tue, 4th Nov 2014
Forget 3D printing, it's about 3D doodling now
3D Printing

Forget 3D printing, it's about 3D doodling now

Created by the Boston-based start-up Wobbleworks, the 3Doodler is a thick pen shaped device that enables you to construct 3D plastic creations by hand.

By Catherine Knowles • 2 min read • Fri, 10th Oct 2014