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5 May 2024

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MCK enters into conditional agreement for Whangarei land
Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) advises that it has reached conditional agreement with the Whangarei District Council for the purchase of land in Whangarei’s CBD for the development of a hotel. The purchase price is $

Being AI Limited - Trade with Caution statement
On 4 April 2024, NZ RegCo Surveillance issued an Issuer Price Enquiry to BAI asking it to confirm that it was not in possession of any material information which had not been disclosed to the market, and that it remained in compliance with the continuous

SML - Synlait increases forecast milk price
Synlait Milk Limited (Synlait) has increased its forecast base milk price forecast for the 2023 / 2024 season to $7.25/kgMS from $7.00/kgMS

Fonterra announces FY23 Annual Results
Fonterra today announced its results for the financial year ending 31 July 2023, with full year reported earnings of 95 cents per share, reported profit after tax of $1.6 billion and a final 2022/23 season Farmgate Milk Price of $8.22 per kgMS

Precinct NZ revises conversion price caps for offer
On 25 August 2023, Precinct Properties New Zealand Limited (Precinct NZ) announced an offer (Offer) of up to $150 million of two series of subordinated convertible notes (the 2026 Notes and the 2027 Notes, and together the Notes)

NEW ZEALAND OIL & GAS ANNUAL RESULT FOR YEAR TO 30 JUNE
New Zealand Oil & Gas is delivering on its growth strategy, with revenue of NZ$98.8 million for the year ended 30 June 2023, up 18% compared to the year before of NZ$83.8 million

PLP Distribution Reinvestment Price
The Manager of the Private Land and Property Fund advises that the strike price for units issued under the Distribution Reinvestment Plan, in respect of the distribution to be paid on 29 June 2023, is $1.3920 per unit

AIA - Auckland Airport FY23-27 price changes
Auckland Airport FY23-27 price changes: Aero charges to fund investment in resilience, customer experience and pave the way for the new domestic facility

Fonterra confirms Milk Price Panel changes
Fonterra Co-operative Group Limited confirms the appointment of David Pilkington as the new Chair of the Milk Price Panel (Panel). Mr Pilkington’s appointment took effect from 1 June 2023

CNU - Commerce Commission releases draft expenditure decision
The Commerce Commission has released a draft decision on Chorus’ proposed fibre expenditure allowances for the second price-quality period (PQP2) from 1 January 2025 to 31 December 2028

Devon Funds Morning Note - 13 March 2024
US markets rallied on Tuesday with the Consumer Price Index for February coming in line with forecasts on a month-on-month basis, but slightly higher than expected annually. The Dow gained 0.6%, the S&P500 rose 1.1% and the Nasdaq rallied 1.5%

WCO - WasteCo raises $1m from share placement
The wholesale investor has subscribed for new shares in WasteCo at a subscription price of 6.5 cents per share. The funds raised from the share placement will be used to support the growth of the company's existing businesses and to assist with future gro

HGH announces DRP strike price and AUD FX rate for dividend
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) advises the strike price for shares to be issued under its Dividend Reinvestment Plan (DRP) in lieu of the cash dividend payable on 20 September 2023 is $1.68653026 per share

Synlait forecast milk price update
Synlait Milk Limited (Synlait) has reduced its forecast base milk price for the 2023 / 2024 season to $7.00/kgMS from $8.00/kgMS

Channel secures long term renewable electricity supply
Channel Infrastructure (CHI) announces that, following a formal market tendering process, it has now entered into a long-term fixed price variable volume contract for the supply of renewable electricity from 1 January 2024