ENS participates in Datagate convertible note issue
AUCKLAND, 19 January 2022 - Enprise Group (NZX: ENS) has paid NZ$500,000 to participate in a Datagate Convertible Note issue.
Enprise Group participated in a convertible note issue for Datagate, which raised NZ$1,550,000, being the maximum allowed. The purpose of the convertible note is to enable continued growth while seeking a strategic North American investor. As at 31 December 2021, Datagate had annual recurring revenues (ARR) of $2.07 million which represented annual growth of 65%. The ARR growth in North America for 2021 was 116%. Datagate is a cloud telecommunications billing solution for managed service providers (MSPs).
Chief Executive Officer
Enprise Group Limited
The zero-brokerage fee share trading platform is looking for ways to bring in revenue and make its business model more sustainable.
Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.
Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.
Trading volumes were unusually light, with US markets closed tonight for a national holiday.
The shareholder representatives say the Fletcher board must bear ultimate responsibility for the company’s poor performance and the Gib plasterboard shortage.
NZME has only spent $5.3m of the $30m set aside for share buybacks.
Are banks being too slow to raise term deposit rates? Some analysts say yes.
Peter McIntyre, an investment adviser at Craigs Investment Partners, says New Zealand’s market has been "reliably well-behaved over the course of the day".
The firm has doubled its headcount and is looking to raise capital to expand its manufacturing and engineering focus into green hydrogen applications.
Meridian says the fact that Australia's electricity market has turned into a train wreck shows its decision to pull out was the right one.
The Ministry for Primary Industries estimated Fonterra’s restructuring would cost the average farmer between $135,000 and $400,000.
New Zealand's biggest transport operator plans to have its first 10 dual-fuel hydrogen trucks on the road next year.
Oanda market analyst Edward Moya said the absence of a Bitcoin rally could be a troubling sign for some investors.
Sky TV and MediaWorks will be brushing themselves off after a bruising response to their proposal scotched a SkyWorks deal.
It's important that constraints remain on Fonterra that counterbalance its privileged position in the dairy sector and the national economy, says TDB Advisory.