
Mighty River shares up on buyback news
Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.
Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.
The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.
A call by Abano Healthcare for former director Peter Hutson to come up with a price for his half of their jointly owned audiology business has failed to illicit a public response.
Activist investor Carl Icahn is pressuring Apple to spend $150b buying back its own shares.
The Government's decision to move earlier than signalled on the Meridian Energy float shows there is positive interest in the float but pricing will remain key
Investment specialists said yesterday the deals could involve business people with a long and stable track record in development activity with strong entrepreneurial drive.
New Zealand Oil & Gas says it should have been developing new oil fields by now as reserves at its producing assets dwindle.
Shares in Mighty River Power traded at $2.18 this morning, their lowest point since listing on May 10.
The Government's announcement of an early November listing for Meridian Energy confirmed market expectations although the timing was a little bit interesting.
Punakaiki Fund, set up by Lance Wiggs, is seeking to raise up to $50m to invest in early stage NZ technology, internet and design companies.
Editorial: The Govt has recognised that it needs to make Meridian a much more enticing proposition if it is to attract a far better take-up from mum and dad investors.
SkyCity Entertainment Group is eyeing a Manila casino opportunity but has stepped away from Gold Coast plans.
Shares in Z Energy have been priced at $3.50 each - the middle of an indicative range - after a book-building process.