Tower had its worst week in almost nine years.
‘We see a growing list of hurdles that KMD must overcome in order to regain investor confidence from here,’ Craigs analyst says.
Kiwi shoe brand founded by Tim Brown listed in 2021 with a valuation of more than US$4b, but struggled to maintain momentum.
The benchmark ended March on an upbeat note.
‘With a $200 million capital raising not that long ago, I’d be interested to see what they’ve actually done with it,’ he says.
The board of the USX-listed company criticised BNZ Bank for appointing receivers to the company.
Trading in the company's shares has been on hold while the company sorted details of a capital raise and its interim results.
The USX-listed nutraceutical company has accused BNZ Bank of refusing to meet with a major investor who wanted to recapitalise the business.
New Zealand’s govt is preparing to shift to phase two in its fuel plan if need be.
The company said it was not appropriate to seek higher fees while staff and residents were feeling the pinch.