Plan needed from Gentrack to restore investor confidence
Gentrack needs to come up with a strategy that can be delivered quickly if it’s to win back investors who ditched the ailing software company, analysts say.The shares dropped to $2.30 in afternoon trading, the lowest level since March 2016. That takes their loss to almost 41 perc...
MARKET CLOSE: NZ shares fall as Gentrack paints grim earnings outlook
New Zealand shares fell today with Gentrack leading the market lower as the software company painted a grim picture for future earnings. The S&P/NZX 50 Index fell 53.26 points, or 0.5 percent, to 11,746.95. Within the index, 25 stocks fell, eight held steady and 17 rose. Turno...
Gentrack shares drop to four-year low
Gentrack shares fell to new lows after the company announced this year’s earnings may fall as much as 67.7 percent due largely to increased regulation in Australian and British energy markets.The share price dropped 9.2 percent to $2.47 in early trading on the NZX after the utili...
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Exporting unprocessed recycling becoming ‘unviable’
Oji Fibre Solutions has hiked paper recycling collection prices for a second time this year and wants government help to grow the industry as a global glut of recycling products drives down export prices.From January, the collection cost of Oji paper recycling bins will climb to...
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