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Another New Zealand listed company has had its hackles raised by a company planning to buy shares from its existing shareholders at below the market price.
In the highly competitive electricity and heating supply market Vector produced some good figures for the first nine months of fiscal 2018.
The Deloittes South Island Index, a barometer of listed companies, has lost some of the shine from 2017 as several stocks lost share market traction in the March quarter.
A director who saw the new shareholder and growth phase for Scott Technology is to retire.
Scott Technology detailed to the market the price set for shares to be issued to shareholders instead of a dividend.
Fletcher Building shares have resumed trading and the problem of New Zealand’s largest construction company digging itself out of a big hole shows it is making progress.
Early next month Genesis Energy will have someone new in the dual role of general counsel and company secretary.
One Australian share broker and another from New Zealand see the share price of Contact Energy as under-valued, particularly in relation to its competitors.
The big picture refinancing of financially troubled Fletcher Building has begun with institutional investors and a retail entitlement will open next week.
New Zealand’s inflation data for 2017 was within the market’s comfort zone though the just-released March quarter data showed a slight rise on expectations.