NZ stocks: State of Blis for NZSE

By ELLEN READ

Dunedin's Blis Technologies will make its debut on the stock exchange's main board today.

It will be the NZSE's first new listing for the year.

Fletcher Challenge offshoot Rubicon starts its share buy-back today. Shareholders with fewer than 500 Rubicon shares will be able to sell them without incurring brokerage fees.

The annual result for winemaker and takeover target Montana is due tomorrow.

A Datex survey of seven brokers predicts an average net profit of $35.6 million, compared with $48 million last year.

This week, Montana's independent directors will also respond to Allied Domecq's $4.80 a share full takeover offer.

The Takeovers Panel will hold a closed meeting on Wednesday to consider the next step in the battle for online education company E-cademy.

More information is expected on the sale of the failed Central North Island Forestry Partnership. Details could come from Morgan Stanley on Wednesday.

On Friday, listed retirement village operator Ryman Healthcare holds its annual meeting. Last month the company revealed a $14.1 million profit, up 12 per cent on the previous year.

UnitedNetworks will announce its first-half result.

The NZSE-40 capital index ended at 2067.23 on Friday, a rise of 19.85 for the week.