Three clients this year have all come in with record profits. It’s a symptom of what they are – excellent companies. BHPB made record EBITDA of US$20.1 Billion, and profits of $13.7 billion. Thats on the back of some stellar commodity prices and solid volume increases. Records in Aluminium and Stainless Steel Materials helped things …
Category Archives: NZ Business
Bogoievski & Moutter were anti conciliation
via Stuff “In April, Telecom responded to the Government’s proposal to split the company into three businesses operating at arm’s length with a counter-proposal to sell off its copper phone network to a third party or Telecom shareholders taking a stake in the proposed new network company. A Telecom press release described the Government’s proposal …
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Rules for job seekers…
Guy Kawasaki lists 6 tips for responding to Craigslist ads, which would also apply to non-corporate online ads on, say, Trade Me Jobs. Guy’s list is simple: apply fast, use a proper cover letter, respond to the employer’s questions fast, respond to the employers questions well, indeed go above and beyond when responding to those …
Bernard Hickey: Blogger
Fairfax NZ Digital chief Bernard Hickey is now blogging, at Show Me the Money. I worked with Bernard at Fairfax when he came across from the Independent Financial Review to run Fairfax Digital. Good guy. Bernard is first and foremost a professional journalist, and is always good for some insights and opinions on what the …
Why Xero exists….
Here’s a review of MYOB on Apple’s Australian store. Now it may have been a shill, but there are still the 101/111 people that “found the review useful”. This has to be the worst software system that I have ever used, how it could be for a mac I’ll never know. Totally scatterbrained layout with …
Mark Weldon’s package
$1.4m per year. Just do it. Sure NZX is tiny compared to other companies and markets, but if we want the NZX to keep improving, and we do, then we need someone of Mark’s quality there. and this is how much you pay for that.
Telecom’s Strategy is too advanced for its ability
From NZHerald.com Telecom will seek a new chief financial officer with experience in mergers and acquisition so it can take advantage of consolidation in the telecommunications market, says chairman Wayne Boyd. People at Telecom: Please do us all a favour. FOCUS ON THE CORE BUSINESS! Once you get that right, then worry about other opportunities. …
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Chrome Pages. Whatever that is.
Welly start-up Chrome Pages got some publicity today. CP Guys – I’m glad you have the gumption to get this going, but I am really sorry – I’m going to have to be pretty negative here. There is a somewhat lame and soundless you tube video showing the product. I cannot for the life of …
NZ’s regressive tax system
It’s strange. I always thought that New Zealand has a pretty progressive tax system – that the richer people get taxed more than the poorer, and that we have a share the spoils system that helps make NZ a great egalitarian society.. Meanwhile the USA is meant to be a dog eat dog place run …
Journalism matters
A good summary of events over at norightturn, along with the output and links to other coverage. Quotes from Simon Collins speech to Journalism Matters The Herald now has a total of 28 general reporters including branch offices and Parliament …At the Herald, there are now no reporters covering what should be major rounds such …
Kiwisaver: (lack of) investment results explained
From the Gareth Morgan kiwisaver.com site: What’s going on with your money? IRD is holding all contributions made between 1 July 2007 and 1 October 2007. On 1 October 2007, they will transfer the following to KiwiSaver provider schemes: Your contributions Interest on your contributions (at the Commissioner’s rate, currently 6.6% gross) $1,000 kick-start $20 …
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Kiwisaver progress and the market dip
Lot of recent press about Kiwisaver, but I’m missing the real juice – how were those first month results? Well – 92,000 people have signed up to Kiwisaver, which seems a tiny number (4.6%) compared to the working population of 2m or so. However Finance Minister Cullen is happy, figuring that the numbers will grow …
Why I am not excited about Vodafone’s free broadband..
1: 1 GB data cap, though you can sign up to other plans, with the largest 60GB and $2 per extra GB. 2: You need to spend $20 on tolls on your home line. Who uses these anymore? 3: I’m in Perth right now. Actually, to be fair, all and every price decrease for mobile …
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Mongrel Mob win HSEC award
This is pretty special – the Kawerau Mongrel Mob chapter won, through a trust, a contract for rigging and scaffolding at a power plant project, and have been performng very well. Scaffolding is an integral part of safety on a site – you need to to make sure that people working on equipment cannot fall. …
so when should you buy XRO and BFW?
Xero and Burger Fuel both closed at 80 cents on Friday. That a huge drop from the IPO prices of $1, and even further from XRO’s listing price of $1.10. XRO BFW So – after a 20-28% drop, is it time to buy? Let’s deal with Burger Fuel first. No. Not at all. (That’s a …
Lance Wiggs 