NZCity NewsLinks -

Finance

1 May 2024

Search

Coronavirus: South Island ski resort Methven Resort Hotel in liquidation
The 47-room Methven Resort has gone into liquidation.

Methven first-half earnings rise on strong UK, China sales; GWA costs dent bottom line
Methven lifted first-half earnings 7.9 percent as the tapware maker enjoyed strong sales in the UK and China, although transaction costs from its pending takeover by Australia's GWA weighed on the bottom line

Grant Samuel values Methven shares at up to $1.60, GWA's offer price
The independent report on Australia-based GWA’s $118 million takeover offer for taps maker Methven says the offer is at the top of its valuation range

Ka-ching: Brendan Lindsay's $6m payday from Methven foray
It's small beer compared with the $660 million cheque he picked up for plastics maker Sistema, but Brendan Lindsay looks set to make close to $6 million from his short foray into market minnow, Methven, if its takeover by GWA goes...

Australia's GWA lobs in $118M bid for Methven
Australian kitchenware firm GWA Group is mounting a $118 million bid for Kiwi tapware maker Methven and has the blessing of cornerstone investor Brendan Lindsay, barring a better offer emerging.

Methven says 1Q sales, earnings up
Shower and tapware designer Methven says the new financial year has started well with a 6 percent lift in September quarter revenue and net profit growth for the period of $560,000

Sistema millionaire Brendan Lindsay lifts stake in Methven to almost 20%
Kapiti lad made good Brendan Lindsay, who sold his plastics container business Sistema for $660 million in 2016, has lifted his stake in listed tapware maker company Methven to just shy of 20 percent

Methven shares gain as strong exports boost profit, expects NZ recovery in 2019
Methven lifted annual profit 22 percent as the tapware designer earned more from international sales while New Zealand weakened, though it expects better domestic growth in 2019

Methven shares lift 5% on China deal for shower, tapware
Tapware designer Methven's shares lifted 5 percent after news it has inked a deal with China's Jiangsu RuiZhiShang Building Materials Company to use its shower technology in a series of key projects over the next decade

Methven shareholders vote to approve GWA Group takeover
Methven shareholders voted to approve a $118 million takeover by Australian kitchenware firm GWA Group

GWA's $118m offer for Methven comes after years of underperformance
Grant Samuel’s report on Australia-based GWA’s $118 million takeover offer for Methven is a sorry reminder of how poorly the New Zealand-based tap maker has performed for investors

Australia's GWA mounts $118 million bid for Methven
Australian kitchenware firm GWA Group is mounting a $118 million bid for Kiwi tapware maker Methven and has the blessing of cornerstone investor Brendan Lindsay, barring a better offer emerging. Methven's directors have agreed to...

Methven shares halted pending material transaction
Trading in Methven shares has been halted pending the announcement of a material transaction.

Sistema millionaire Brendan Lindsay lifts stake in Methven
Kapiti lad made good Brendan Lindsay, who sold his plastics container business Sistema for $660 million in 2016, has lifted his stake in listed tapware maker company Methven to just shy of 20 per cent. On Tuesday, Lindsay's trust,...

Methven yet to receive substantial shareholder notice as buyer pays premium for 6.4% stake
Methven hasn't received notice from a mystery investor who paid a premium for 6.4 percent of the tapware maker's shares, but takes it as a ringing endorsement of plans to grow profit