The Napier Port’s trading discount to Port of Tauranga is ‘unjustified’, Forbar says.
The NZX-listed glass company has entered into an agreement with a cornerstone investor that could see it become a 51% shareholder in MPG.
Trading volumes increased by an average of 55% within a year of listing, according to ASX research.
The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.
Analysts say Xero is paying a high multiple to buy US payments company Melio, but are positive about the strategy and the growth prospects.
The meaty deal will be partly funded through an A$1.85b capital raising.
The distribution chain lost market share by focusing on retail and moving away from a joint venture model, the company admits.
The IPO valued Virgin at A$2.28b, but the strong debut pushed that up to A$2.46b.
Investor day presentation documents reveal restructuring costs and write-offs totalling $300m to $500m.
A potential oil price shock could put pressure on New Zealand households and businesses, analysts say.