Poor governance, poor management at Good Spirits: NZSA

Poor governance, poor management at Good Spirits: NZSA
Danny Doolans was one of nine outlets operated by GSH. (Image: Hayden Woodward)
Rebecca Stevenson
Good Spirits Hospitality is a salient lesson for shareholders in poor governance and management, the New Zealand Shareholders Association says.  The New Zealand stock exchange listed company is being wound up after selling off its assets including Auckland waterfront watering hole Danny Doolans after racking up about $33 million in debt to its largest shareholder.  The company’s shares were placed into a trading halt on Wednesday after it told the NZX it had defaulted on its loan facility to 24.99% shareholder Pacific Dawn, a su...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025