Plan needed from Gentrack to restore investor confidence

Plan needed from Gentrack to restore investor confidence
Dan Brunskill
Gentrack needs to come up with a strategy that can be delivered quickly if it’s to win back investors who ditched the ailing software company, analysts say.The shares dropped to $2.30 in afternoon trading, the lowest level since March 2016. That takes their loss to almost 41 percent in the week since Gentrack first flagged earnings were set to fall due principally to price controls in Britain’s energy market.Arie Dekker, head of research at Jarden, said there was too much uncertainty following dramatic changes to the UK market and Gentrack mana...

More Markets

NZ sharemarket down over 1%
Markets Market close

NZ sharemarket down over 1%

The S&P/NZX 50 Index closed at 12,396.27, down 134.72 points or 1.08%.

Graham Skellern 25 Jul 2024
Mainfreight looks to Oz as profit falls
Markets

Mainfreight looks to Oz as profit falls

Mainfreight expects Australia to become its biggest profit earner, the global logistics company has told shareholders at their annual meeting.The NZX-listed company said group profit before tax at $83.1 million had dipped 11.2% in the 15 weeks from April 1 to July 14 compared to...

Staff reporters 25 Jul 2024
Santana Minerals gains +3.05% in NZX debut
Markets

Santana Minerals gains +3.05% in NZX debut

The company has ambitious plans for a new gold mine in Otago.

Rebecca Howard 25 Jul 2024
Stewart Reynolds new CFO at Auckland Airport
Markets

Stewart Reynolds new CFO at Auckland Airport

His appointment to the role will take effect on August 2.

Staff reporters 25 Jul 2024