The strong and the struggling of NZ’s listed tech

Gentrack led the pack with returns of 146% for the June financial year. (Image: Getty)

Fri, 12 Jul 2024

The technology sector outperformed the market on the New Zealand Exchange in the past three months, according to a recent note from Forsyth Barr.Analysts James Lindsay, Will Twiss and Kylie Mills wrote that the S&P/NZX index for information technology rose 8% compared with the S&P/NZX 50’s overall negative return of 3%.While returns were up overall, sales multiples dipped.“The median 12-month forward EV/sales [enterprise value-to-sales] multiple for NZ tech companies fell -10% over the last three months to 2.7x, in line with...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

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One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

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