Recent Posts

Wynyard sees annual sales of $31 mln, eyes acquisitions

Wynyard Group, whose shares have doubled since the security software company’s listing last July, expects annual sales will be 15 percent higher than the prospectus forecast, and is looking at potential acquisitions to drive faster growth. The Auckland-based company expects revenue of about $31 million this calendar year, with sales execution in the second-half seen as critical, according to presentation …

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Serko seeks up to $22 mln in IPO to fund growth plans across Asia Pacific

Serko, the online business travel booking company, is seeking up to $22 million in an initial public offer, which it will use to fund growth aspirations across the Asia Pacific region The Auckland-based company will sell 15.5 million new shares at $1.10 apiece, raising some $17 million, and a further 4.5 million existing shares worth $5 million will be sold …

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NZ Dollar Outlook: Kiwi may decline as reduced dairy payout hurts sentiment

The New Zealand dollar may decline this week as weaker dairy prices are expected to see Fonterra Cooperative Group pull back its forecast payout to farmers. The local currency may trade between 84.30 US cents and 86.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven predict the kiwi will fall this week, while three …

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