Genesis enthusiasm droops, minister’s blast at standards, AgResearch’s own goal and the not-so-secret resort sale price
Investor enthusiasm wilts for yet another partially privatised government energy company.
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EARNINGS
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Government “greed” and the poor performance of the mixed ownership model companies are putting investors off Genesis Energy.
Genesis is slated for partial privatisation early next year, but in today’s National Business Review print edition fund managers and financial firm executives describe the float as a “dead duck” and ask just where investors are going to come from.
As the affordable housing issue gains momentum, Housing Minister Nick Smith has a crack at the standards system, calling it a “bureaucratic nightmare” which is stifling building innovation.
Meanwhile, AgResearch’s reorganisation has been branded an “own goal” by agribusiness commentator Jacqueline Rowarth, who says it will separate scientists from farmers, who depend on research for innovation.
Real Journeys, a Queenstown tourist operator, attempts to be coy over how much it paid for Cardrona resort, near Wanaka, but property editor Chris Hutching reveals the price has already been revealed elsewhere.
Shoeshine traverses Moa’s fall from grace, including promises by The Business Bakery and Pioneer Capital to buy further shares and the peculiar effect of share loans for executives.
Margin Call laments the absence of forestry stocks on the NZX, which means investors are missing out on one of the country’s booming commodities.
In Ad Media, reporter Victoria Young explains why Colenso BBDO doesn’t need to pitch over the next 12-18 months, and the battle to attract top talent.
Reporter Jamie Ball considers the multi-generational journey of the dairy industry from zero to hero, through the eyes of journalist and author Clive Lind. Plus, Fonterra responds to criticism about the way Trading Among Farmers has been implemented.
Trade Me Group chairman David Kirk appears in our Lunch in the Boardroom series, talking about defusing conflict, the future of media and what he could have done differently.
Briefly,
- In Initiative Matters, Jason Krupp details the most surprising aspect of an attempt to jolt the regulatory log-jam blocking new homes coming to the market – which was what was not said.
- With the departure of Chris Laidlaw from Radio New Zealand’s Sunday morning slot, David Cohen raises three challenges for RNZ’s new supremo, Paul Thompson.
- In Asia Watch, Nathan Smith reminds us of the US military’s humanitarian strength with their symbolic relief effort in the Philippines.
All this and more in today’s National Business Review. Out now.
NBR Staff
Fri, 22 Nov 2013
Fri, 22 Nov 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Genesis enthusiasm droops, minister’s blast at standards, AgResearch’s own goal and the not-so-secret resort sale price
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