Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
Stephen Ridgewell says Vista’s customers believe cost cutting now will be an ‘own goal’.
The prospective owner has not paid the $1.3m purchase price for Rua’s Gisborne manufacturing facility.
Telecommunications giant's share price rises 3% on this morning's guidance cut.
Brett Hewlett says listed honey producer became unnecessarily complicated and complacent.
Despite higher sales, the New Zealand trading environment remains ‘muted’.
Listed telecommunications provider also downgrades earnings and capex guidance ahead of Friday annual meeting.
Myer will gain a portfolio of brands including Just Jeans and Portmans, and move to a more vertically integrated retail model.
Cinema software group Vista says no need for change but investor wants company to 'walk and chew gum' at the same time.
NZX-listed travel software provider says acquisition will initially be earnings dilutive.