Ministry of Education has $1.5 billion suit filed over 800 leaky buildings.

COMMENT: The Urewera 17 are no doubt all loathsome individuals or loser fantasists and some were convicted in a fair trial of serious offences. But that doesn’t mean either the police or the GCSB get to break the law.

The Auckland-based company posts a loss of $32.8m (17.1 cents per share) in the 12 months ended March 31, from a loss of $420,000 (0.2 cents) a year earlier.

Shares at 2.5 year high on revenue growth, improved gross margins and operating efficiencies.

The bookbuild process set the price at $1.68 a share, a small discount to the last trading price at $1.71 before the shares were halted.

Honey supply is now returning to normal levels following an above-average summer flowering season.

When shareholders give their approval it will be the 29th largest listed company.