Macquarie bid puts Vocus NZ listing in doubt; Infratil in the frame
9 Feb, 2021 04:30 AM
7 minutes to read
The possible $722m listing of Vocus local operation on the NZX is up the air - because it s Australian owner could be bought out. Vocus NZ, whose brands include Orcon and Slingshot, is our third-largest broadband provider and in line for a customer spike - having recently been named as Sky TV s partner for its pending broadband service.
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Vocus Group s ASX-listed shares spiked 13 per cent to A$4.94 yesterday after the company confirmed in a filing that it had received a non-binding bid from Macquarie Infrastructure and Real Assets Management of $5.50 a share - valuing it at A$3.4 billion or a 25 per cent premium over its previous price of A$4.38.
Vocus NZ float: More details of New Zealand listing leak
21 Jan, 2021 04:32 AM
5 minutes to read
Vocus NZ chief executive Mark Callander, who also services as CEO of Vocus Group s wholesale operation across the Tasman and sits on the ASX-listed company s board. Photo / Leon Menzies
Vocus NZ chief executive Mark Callander, who also services as CEO of Vocus Group s wholesale operation across the Tasman and sits on the ASX-listed company s board. Photo / Leon Menzies
ASX-listed Vocus Group will begin a non-deal roadshow in about three weeks to promote an IPO for its New Zealand operation, according to a report in The Australian s Dataroom gossip column.
Expert advice for first-time investors: Know when to hold them
3 Jan, 2021 04:00 PM
7 minutes to read
The phenomenal growth of retail investment platforms has unleashed a wave of new investors onto the sharemarket.
Perhaps the best known of the local platforms, Sharesies, started the year with just 95,000 users. By March, the number had risen to 115,000.
This month, Sharesies has 259,000 users on its platform, who have invested $889 million.
Many of those investors will be new to the game.
The Herald spoke to some seasoned fund managers to get their views on the kind of principles that first timers might find useful as they build their portfolios.
Pandemic pessimism triggered huge discounts in even blue-chip stocks. That prompted a huge number of new investors to sign up to apps like Sharesies and Hatch. A canny investor after a bite of retirement village operator Ryman, for example, could have bought it for just $6.64 at its lowest ebb, a stock which is now worth around $14.71.
RNZ
New Zealand s regional economies have bounced back from Covid-19 better than expected Figures to September produced by Infometrics show an economic activity bounce in regions such as Tasman and Northland, which were both up at least three percent on the same quarter last year.