Recent Posts

ikeGPS upbeat, despite missing FY15 revenue targets

Remote measurement software developer ikeGPS will miss its prospectus revenue targets for the 2015 financial year, but says that’s because sales of its new smartphone application, Spike, are running three months behind schedule and are expected to exceed targets. Eight months after listing on the NZX, the company also says it’s entertaining interest from US investors. While ikeGPS had no requirement for cash, …

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OceanaGold 1Q profit drops on reduced sales; to buy Waihi gold mine

OceanaGold Corp, which operates the Macraes gold mine in Otago, reported a 58 percent drop in first-quarter profit with sales down from a year earlier, and announced plans to buy the Waihi Gold Mine for US$101 million. Net profit fell to US$24.5 million in the three months ended March 31, from US$58.9 million a year earlier, the Melbourne-based company said in a statement. Sales …

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Tourism Holdings lifts full-year guidance for third time, reviews capital structure

Tourism Holdings, the largest campervan rental business in Australia and New Zealand, has boosted full-year guidance for a third time and hired First NZ Capital to review its capital structure. The Auckland-based company said it expects annual profit to be between $19.5 million and $20 million in the year ending June 30, from the $11.1 million it recorded in 2014. Tourism Holdings …

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