‘The share price went up, and now we're actually doing what the share price reflected, and it goes down, so, go figure,’ says John Scott after share price slumps 35% today.
UPDATE: NZ Reg Co suspends trading in the company's shares on Tuesday morning.
The New Zealand market continues to perform poorly for the dual-listed jewellery company.
The company announced a massive capital raise this morning to reset its balance sheet for the second time in as many years.
Rapid pace of the global rollout, as the jewellery company approaches 1000 stores, has investors concerned about growing pains.
As well, last month's takeover offer deemed ‘too low’ and ‘inadequate’, say independent directors.
The company said demand was at levels last seen in the 1990s.
Fibre network company describes half-year result as 'steady'.
It's the listed retirement village operators second massive capital raise in two years.
The market punished the telco after it posted a 78% collapse in net profit for the first six months and downgraded its guidance.