Tag Archives: nz companies

Duncan Saville, whose ICM unit manages ASX-listed Zeta Resources, is seeking a seat on the board of New Zealand Oil & Gas, and has the blessing of the oil explorer’s current directors. NZOG shareholders will vote on whether to add Saville to the board on Nov. 4 at their annual meeting in Wellington, according to the firm’s notice of meeting. …

New Zealand shares fell, as the NZX 50 Index dropped from a record in a global sell off as investors took the opportunity to crystallise the bourse’s gains. Meridian Energy snapped six days of gains as it shed rights to its dividend. Spark New Zealand and Fletcher Building paced the decline. The NZX 50 Index fell 24.373 points, or 0.5 percent, to …

Pumpkin Patch, the second-worst performing stock on the NZX All Index the past 12 months, turned to a loss in 2014 and signalled earnings are unlikely to improve for another year. The Auckland-based children’s clothing chain posted a loss of $10.2 million, or 6 cents a share, in the 12 months ended July 31, from a profit of $5.1 million, or …

Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, plans to bring its franchise stores in-house which it expects will deliver greater profitability, and has bought the Henderson, Auckland store for an undisclosed sum. The Auckland-based fast food chain is targeting at least a 20 percent return on investment from its company-owned stores, and is considering opening its own restaurants in selected …

Pledge Me, the online crowd funding platform, has launched its first two equity offers, giving investors the chance to buy into New Zealand’s first computer museum, backed by Apple Inc co-founder Steve Wozniak, and a hovercraft ferry in the South Island. The Wellington-based crowd funder is licensed under the new Financial Markets Conduct Act, which came into effect on April 1, providing …

Wellington visitor management software firm WhosonLocation is looking to raise up to $3 million in private equity as it seeks the next phase of growth since it launched five years ago. Founder Darren Whitaker-Barnett told BusinessDesk the company, which operates in nine countries and boasts 61,000 users globally, is seeking high net worth individuals rather than an initial public offering, …

Heartland New Zealand director Gary Leech will retire from the lender’s board next month, after three years on the board including when the bank formed after the merger of Canterbury and Southern Cross building societies and Marac Finance. Leech will retire from the Christchurch-based lender at its annual general meeting on Oct. 31 as he looks to focus on his recent appointment to the …