
Stock Takes: Dividend hunt has a downside
COMMENT: The New Zealand sharemarket has a global reputation as a lucrative source of dividends.
COMMENT: The New Zealand sharemarket has a global reputation as a lucrative source of dividends.
Former NZX chief executive Mark Weldon was under pressure from his board over the his performance when he stopped funding for Clear Grain Exchange.
This Canadian diamond miner saw its share surge 30pc when it announced it had found the world's second biggest diamond.
$300 million raised in float will help fund overseas expansion as shares jump 5.2% on first day of trading.
The world's biggest fund is to use its huge influence to vote against fat cat pay and boardroom bad behaviour.
The New Zealand dollar rose as the US dollar weakened after a report showed US manufacturing activity slipped.
The Tegel shares were widely expected to trade at a premium to the $1.55 IPO price.
The Bank of Japan's decision not to expand its stimulus measures drove up the yen against the greenback.
Z Energy is allowed to buy Caltex and Challenge! petrol stations, but must sell 19 of its retail sites.
COMMENT: Tegel's sharemarket listing could be the most high-profile float the NZX will see this year. But the company is taking a low-key approach to its big day.
Stock Takes; Stocks with exposure to China's booming e-commerce trade have settled down after copping heavy selling.
Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014.
The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.
One solitary asteroid might be worth trillions of dollars in platinum and other metals. Exploiting these resources could lead to a global boom in wealth, which could raise living standards worldwide and potentially benefit all of humanity.
Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.
Infant formula and health supplement firms are taking a sharemarket pounding today.
The companies have signed a scheme implementation agreement, which values Nuplex at $5.55 a share.
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.
The shares will be listed on the NZX main board and Australia's ASX on May 3.