Posts tagged "First NZ Capital"

Global seed group confirms PGG Wrightson interest

[5 July/NBR] Barenbrug Group confirmed its interest in PGG Wrightson’s seed unit. PGG Wrightson had hired First NZ Capital and Credit Suisse Australia to help with a strategic review. This can be seen as a move to invite offers from buyers for part or all of the company. Barenbrug is an innovative market leader with...

PGG Wrightson ‘open to options’ amid strategic review

 [15 March/The Country] PGG Wrightson was open to options after hiring First NZ Capital to complete a strategic review of the business. It has been rumoured in the Australian Financial Review that the merchant bankers were getting non-disclosure documents signed by interested parties ahead of a planned auction of the company, which is controlled by...

Agriculture Minister Damien O’Connor calls for review of dairy industry

[8 February/NZ Herald] Halting changes to Fonterra’s enabling legislation would allow for a broader review of New Zealand’s dairy sector and whether it is adding enough value to our dairy industry, said Agriculture Minister Damien O’Connor. The proposed changes gave the co-operative discretion on accepting milk from new dairy conversions and would remove the need...

NZ King Salmon float aims to raise between $76-82 million

 [22 September/ National Business Review] First NZ Capital and Macquarie have confirmed that the indicative price range for New Zealand King Salmon’s initial public offering would be between $1.10 and $1.20. The range was between 7.75 and 8.32 times the company’s earnings before interest, tax, depreciation and amortisation for the year ending June 2017. Eligible...

Synlait may need new capital investment: analysts

[14 March/ NZ Herald] First NZ Capital analysts said South Island dairy processor, Synlait would need to consider expanding its blending and canning facility as early as next year given the rapid growth in A2 infant formula sales and the launch of the Munchkin Fed infant formula. Synlait said it was currently working through the...

California dry could support dairy prices [28 April/ NZ Herald]

First NZ Capital Head of Derivatives, Mike McIntyre said the drought conditions in California, causing a disruption in production on the West Coast of the US, could be supportive for international dairy prices. Rabobank said the quicker than expected slowdown in United States milk production would impact the global supply and demand balance. Recently supply...

Shipping line consolidation tipped in wake of Maersk-Kotahi pact

[17 July/ National Business Review] In light of Maersk’s announcement that its Southern Star service will return to Port of Tauranga, First NZ Capital has increased its 12 month target price for Port of Tauranga shares from $16.30 from $16.50 and said that it expects to receive an extra 70,000 twenty foot equivalent unit containers...