Recent Posts

Vector may beat guidance for FY 2013, suffer 2014 earnings drop

Vector, the electricity and gas lines company, is likely to beat its guidance in 2013 with a modest uplift in operating earnings but 2014 results will fall as regulated price cuts bite and it sells less cheap Kapuni gas. The Auckland-based company said in February with the release of its first-half results that full-year earnings before interest, tax, depreciation and …

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Green light imminent for Bathurst’s Escarpment mine

Bathurst Resources says it’s received notice from the Environment Court that it will approve the company’s long-delayed and environmentally controversial application to do open-cast mining for coking coal on the Denniston Plateau. Bathurst had been in trading halt since yesterday afternoon. The shares did not move from the last traded price of 20 cents immediately following this morning’s announcement. Managing …

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Diligent shares surge after broker upgrades rating, saying 34 percent fall ‘overcooked’

Shares in Diligent Board Member Services, the governance app maker hit by a slew of administrative mis-steps, surged after brokerage Craigs Investment Partners upgraded its recommendation to ‘buy’ from ‘hold’, saying a slump in the share price was overdone. Shares in New York-based Diligent jumped 11 percent to $6, making it the best performer on the New Zealand stock exchange …

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