Renewed faith? Analysts verdict on Pushpay s result
13 May, 2021 01:00 AM
8 minutes to read
Forsyth Barr s Jamie Foulkes sees, An encouraging start from new CEO Molly Matthews who brings a relationship-based approach to customers. Photo / Supplied
Forsyth Barr s Jamie Foulkes sees, An encouraging start from new CEO Molly Matthews who brings a relationship-based approach to customers. Photo / Supplied
Forsyth Barr, Craigs Investment Partners and Jarden analysts have all tweaked their ratings, or 12-month target price, after Pushpay s full-year result - and several numbers that took the market by surprise. Analysts were sharply split ahead of the full-year report - particularly over how well it would handle two big challenges: dealing with new, lower-cost competition and breaking into the Catholic market.
Market close: Shaky NZ sharemarket ignores Z Energy s solid result
6 May, 2021 05:38 AM
4 minutes to read
Z Energy rose 9c or 3.38 per cent to $2.75. Photo / File
NZ Herald
By: Graham Skellern
Service station operator Z Energy got the latest local reporting season underway with a solid profit and price rise, but a shaky New Zealand sharemarket ignored that and fell more than half a per cent.
The S&P/NZX 50 Index was down 96.63 points or 0.75 per cent to 12,751.67. The index has fallen 3 per cent this year, while offshore markets have risen 7 per cent.
There were 53 gainers and 82 decliners over the whole market on steady volume of 57.85 million share transactions worth $188.51 million.
Tuesday, 4 May 2021, 11:37 am
Bell Gully is advising SkyCity Entertainment Group on its
retail bond offer of up to NZ$125 million (with the ability
to accept oversubscriptions of up NZ$50 million) of 6 year,
unsecured, unsubordinated, fixed rate bonds to institutional
investors and New Zealand retail
investors.
The offer is expected to open on
10 May 2021 and close on 14 May 2021. The bonds have been
assigned a BBB- rating by S&P Global Ratings.
The
Bell Gully team was led by corporate partner Chris
Goddard and financial services partner David
McPherson, supported by senior associate Philip
Leightley and solicitors Lily Maclean and Kelsey
Pepper.
Press Release – Bell Gully Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors …
Bell Gully is advising SkyCity Entertainment Group on its retail bond offer of up to NZ$125 million (with the ability to accept oversubscriptions of up NZ$50 million) of 6 year, unsecured, unsubordinated, fixed rate bonds to institutional investors and New Zealand retail investors.
The offer is expected to open on 10 May 2021 and close on 14 May 2021. The bonds have been assigned a BBB- rating by S&P Global Ratings.
Wealth manager posts higher profit in 2020.
Craigs Investment Partners chair and acting chief executive Neil Craig says an improved profit for the year to December was based on strong performance across all its businesses.
“We’re pretty proud,” he said.
With five operating divisions – private wealth, fund management, institutional equities, investment banking, and Australian half-owned subsidiary Wilsons – “every one of those business contributes to earnings”.
Financial statements filed to the Companies Office for holding company CIP Holdings, whose shareholders are predominantly Craigs staff, show the business had revenue of $227.2 million in 2020, up from $193.5m in 2019.
On April 6 last year, CIP bought out