Pacific Edge returns to the capital well as sales grow
By Jenny Ruth Nov. 29 (BusinessDesk) - Capital hungry Pacific Edge is asking shareholders and other investors to stump up with another $12 million after burning through another $8.6 million in cash in the six months ended September. That cash outflow was 15 percent down on...
Gentrack shares sink on its Brexit caution
By Jenny Ruth Nov. 29 (BusinessDesk) - Gentrack says it’s cautious about how Brexit will affect its business in Britain and Europe in the short-term, even though it remains confident it can grow organic operating earnings at 15 percent or more in the long term. The company’...
Gentrack delivers on guidance but warns about customer caution
By Jenny Ruth Nov. 29 (BusinessDesk) - Gentrack says annual net profit climbed 17 percent while its underlying operating profit rose 30 percent, consistent with its market guidance. The provider of software to utilities reported a $13.9 million net profit for the year ended...
Tilt’s independents belatedly urge holding out against Infratil
By Jenny Ruth Nov. 29 (BusinessDesk) - Tilt Renewables’ independent directors say it looks like Infratil’s $2.30 per share takeover bid will fail to get to 90 percent acceptances and that remaining shareholders should hold out for a better offer. “Given the acceptances to d...
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