Kiwi company’s $6m India push, splinter group takes on Zespri, straw man’s Canadian scheme and electronics giant shops around

A Wellington-based sport technology company is raising $6 million for an Indian publicity blitz ahead of a potential listing.

In today’s National Business Review print edition, CricHQ chief executive Simon Baker tells business reporter David Williams the company is talking to potential cornerstone investors to fund its growth plans in India, using the star-studded Indian Premier League as a launching pad.

Columnist Matthew Hooton has reason to believe Shane Jones could be plotting his exit from Labour, with a juicy twist involving NZ First leader Winston Peters.

Technology editor Chris Keall details tech startup Results.com’s latest capital raising and, in an eight-page special report on fleet leasing and management, we report how leading firm Eroad is possibly only months away from an NZX listing.

Meanwhile, primary industries reporter Jamie Ball details a kiwifruit splinter group’s plans to export to Asia by the end of the year, in a radical move to take on Zespri.

Chief reporter Duncan Bridgeman reveals the re-emergence of Simon Romana – whose website was shut down four years ago by regulators who warned investors of an illegal share offer – who has launched a new, but similar, investment proposal in Canada.

Media reporter Victoria Young covers electronics brand LG’s growing advertising budget and how it is shopping around the market.

In Order Paper, economics editor Rob Hosking talks about hypocritic oaths and the lessons of history – particularly when it comes to matters involving Oravida and tricky trusts – and why one person “picking winners” is another person’s “crony capitalism.”

Property editor Chris Hutching covers movements in the listed retirement village sector – after Ryman Healthcare announced it will invest $690 million in eight new villages – and asks, is the aged care market headed for an oversupply?

In On The Money, Michael Coote says the combined actions of John Key and botulism scare-buffeted Fonterra in the lead-up to the prime minister’s China trip smack of submitting to show trials characteristic of communist regimes.

Shoeshine runs the rule over Aorangi Securities’ statutory management and asks why key documents are being kept secret.

And in the latest twist in n liquidation case, the NBR Rich Lister Pandey family and related entities have been ordered by the High Court to hand over documents – or swear they don’t exist or can’t be found.

Briefly,

  • In Browny Points, Wayne Brown ruminates on what really distinguishes Singapore’s success from New Zealand’s “plodding” – and finds it is their use and control of state-owned enterprises.
  • Nathan Smith outlines in Foreign Affairs the encouraging signs from Washington over the TPP talks.
  • In Tray covers the trail of destruction left by Cyclone Lusi, which apparently left one newspaper editor wondering: “How will we ever rebuild our credibility after this extraordinary weather bomb?”

All this and more in today's National Business Review print edition. Out now.

This article is tagged with the following keywords. Find out more about My Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7850 0.0000 0.00%
AUD 0.8924 0.0000 0.00%
EUR 0.6196 0.0000 0.00%
GBP 0.4880 0.0000 0.00%
HKD 6.0917 0.0000 0.00%
JPY 84.8970 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1231.3 -0.710 2014-10-24T00:
Oil Brent 86.1 -0.510 2014-10-24T00:
Oil Nymex 81.0 -1.020 2014-10-24T00:
Silver Index 17.1 0.024 2014-10-24T00:

Indices

Symbol Open High Last %
NZX 50 5292.8 5344.4 5341.7 -0.15%
NASDAQ 4459.5 4486.3 4452.8 0.69%
DAX 9008.6 9044.9 9047.3 -0.66%
DJI 16677.0 16811.7 16677.9 0.76%
FTSE 6419.1 6419.1 6419.1 -0.47%
HKSE 23311.9 23352.6 23333.2 -0.13%
NI225 15354.4 15377.0 15139.0 1.01%