BRIAN GAYNOR: SeaDragon – another dud from Wikeley, Sorensen, Wilkinson & Joyce

Brian Gaynor
Thu, 21 May 2020

Brian Gaynor
Thu, 21 May 2020
The proposed delisting of SeaDragon concludes a sorry saga of NZX reverse takeovers.The company originally joined the NZX in 1986 as Regal Salmon and has had seven unsuccessful reincarnations since then.This column is not opposed to backdoor listings provided they are done properly. However, the NZX’s backdoor listing activity has been dominated by a small number of individuals who have consistently dumped loss-making companies on the investing public.SeaDragon’s first backdoor listing was in mid-1997 and since then it has reported...
Regulator sues ANZ over credit card insurance
Dan Brunskill | Fri, 05 Jun 2020

The Financial Markets Authority has filed High Court proceedings against ANZ Bank New Zealand, alleging it charged some customers for credit card repayment insurance policies that offered those custom...

MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
Rebecca Howard | Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...

Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

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