
Stock Takes: Tegel not crowing about IPO
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.
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.
New Zealand shares rose to a record amid speculation Z Energy's application to buy the Caltex chain will be approved.
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 mood was upbeat at NZX's Auckland offices yesterday as the third addition to the new NXT board, food supplements maker Oceania Natural, went public.
Shares in Oceania Natural rallied after the supplement maker became the third company to list on NZX's new NXT market.
Dimming chances of an interest rate hike in the US have worked to counteract any weakness in the New Zealand dollar.
An executive reshuffle at ikeGPS will see the departure of the developer's chief financial officer and senior vice-president of sales.
It's been boom and bust in the US oil game for a long time - but this bust is shaping up to be the biggest ever.
Vista Group could be on its way to joining the S&P/NZX 50 after major shareholders sold a quarter of the cinema software developer.