Wynyard shares soar to new record on optimism about new contracts, growth prospects

Wed, 08 Jan 2014

By Tina Morrison Jan. 8 (BusinessDesk) – Shares in Wynyard Group soared to a new record on optimism about the global growth prospects for the company’s intelligence software. Wynyard shares jumped 11 percent to $1.48, adding to their 12 percent rise yesterday after the Auckland-based company announced it had gained the United Arab Emirates money exchange GCC Exchange as a client for its anti-money laundering software. Wynyard estimates the size of its potential global market has grown from US$300 million in 2011 to US$5.3 billion in 2013 a...

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