Gentrack's Docking defends prospectus as FMA asks questions

Wed, 06 Aug 2014

By Jonathan Underhill Aug. 6 (BusinessDesk) - Gentrack Group chief executive James Docking says the company's prospectus was the result of thorough due diligence and expert advice, and the subsequent cut to guidance reflected the complex nature of its airport and utility software projects. The shares last traded at $2.12, below the initial public offering price of $2.40 in June, having slumped on Aug. 1 when the company said it wouldn't meet its prospectus forecasts for 2014 sales and profit because of a payment dispute and a delay to a c...

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