On the Money

On The Money: NZX's divvy, Sophie Moloney's doppelganger, Mark Dunphy and more

Pattrick Smellie
Sat, 19 Mar 2022

On The Money: NZX's divvy, Sophie Moloney's doppelganger, Mark Dunphy and more
You really want me to come visit again? BusinessDesk makes the ask. (Image: Getty)
Pattrick Smellie
Sat, 19 Mar 2022
The curse of the decimal pointNZX can’t seem to buy a trick at present.On Thursday March 10, CFO Graham Law sent an email to shareholders informing them that they had been paid a dividend of 31 cents a share.The following day Law sent an amendment notice saying that the 31 cents a share was incorrect. He should have written 3.1 cents a share. Oops.The other issue in recent days was NZX’s one-for-nine capital raising at $1.42 a share.The institutional offer, which represented 36% of the $44 million raised, was 68% subscribed but...

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