Rangatira ends first-half with $40M cash after making no new investments

Tue, 28 Nov 2017

By Jonathan Underhill Nov. 28 (BusinessDesk) - Rangatira Investments, whose diversified investments include Hellers, the Rainbow's End theme park, and laboratory instruments distributor Bio-Strategy, lifted its cash holdings to $40 million in the first half after making no new investments. Wellington-based Rangatira added $9.8 million to its cash holdings by selling holdings in listed companies, according to its first-half report. Its equity portfolio fell to $28.8 million as at Sept. 30 from $31.6 million at March 31. "Over the period...

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