Podcasts about forsyth barr

So, Auckland looks like it's doing it again: dilly dallying in decision making about big stuff. A council advisory group has informed us that neither the fancy waterfront stadium nor an upgrade of Eden Park is considered feasible. The full council still must vote on it on Thursday, so we'll see if anyone has some balls. Now by "not feasible" they mean not viable without public funding. We don't seem to have a charitable billionaire in our midst so the dough would have to come from the public purse. This is a question every major city wrestles with, but other cities seem to be braver. This week Brisbane has casually announced a new stadium to host the Olympics, calming putting nearly four billion dollars on the line. We're a growing nation. We need a venue for the events that come in 2025. Whether it's big sport or big concerts. We've seen how much fun Eden Park has been this week, three different sports in one week. It would be great to have a venue that's modern, complete, and full of character. I love stadiums. I'm super excited about Canterbury's Te Kaha. Forsyth Barr is great, and Sky Stadium just needs new seats and maybe a roof. But what do I want for Auckland? Now first I have to admit that Eden Park has given me tickets to events, but I would be happy for the waterfront stadium to go ahead. We'd never regret it I'm also happy for an Eden Park upgrade, after all Sydney ripped down the perfectly functional Sydney football stadium and completely replaced it. But it really is time for someone to put their neck on the block and just do it. Every city needs a Cathedral, and every city needs an iconic stadium. See omnystudio.com/listener for privacy information.

There's a belief outgoing Air New Zealand boss Greg Foran's lack of aviation experience may have hurt his career. He's announced he'll leave the company in October. Foran's told his board the time's right to step down, and the airline is well set up for the future. Forsyth Barr head of research, Andy Bowley told Mike Hosking Foran's had to deal with Covid, a national recession, and engine maintenance issues throughout his tenure. He says it's also been the biggest period of inflation seen in a generation, which added up, has been pretty challenging. The company will also have little trouble finding a new CEO. Bowley told Hosking the company has a history of attracting talented people for the role from around the world. He says they're typically Kiwis, who have learnt their trade offshore. The CEO before Foran was none other than now Prime Minister Christopher Luxon. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Stock markets have fallen across the US, Europe and the UK as concerns grow that President Donald Trump's tariffs on Canada, Mexico and China will "disrupt global trade". Forsyth Barr senior investment advisor Brad Gordon spoke to Corin Dann.

A better end to the year than expected for the dairy sector. Fonterra has raised its forecast Farmgate Milk Price's midpoint for the second time in less than a month. It's up 50 cents to $10 dollars, citing strong demand from China and south-east Asia. Forsyth Barr Senior Analyst Matt Montgomerie told Ryan Bridge that demand from China has been sluggish for some time, so it's pleasing to see they're returning in some way. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Fonterra is expected to receive global interest when it sells off some of its most well-known brands. The dairy giant has confirmed plans to sell its consumer arm, including brands like Anchor, Mainland Cheese, and Kapiti Ice Cream. The sale could bring in up to $3 billion. Forsyth Barr Senior Analyst Matt Montgomerie told Ryan Bridge he expects large dairy companies like Nestle would make a bid if it's put to a trade sale. He says there could be multiple buyers at play, or the brands could be sold through an IPO. LISTEN ABOVE See omnystudio.com/listener for privacy information.

On the Early Edition with Ryan Bridge Full Show Podcast for Tuesday 12th of November, it's a big day in the capital as the Government is set to deliver the national apology to survivors of abuse in care. Survivor Jim Goodwin speaks to Ryan ahead of the apology. Fonterra is selling its consumer products businesses – why, and how much would it cost? Forsyth Barr Senior Analyst Matt Montgomerie joins the show. It's Cup Day in Christchurch. Councillor Jake McLellan speaks to Ryan about what this day means for the city. Get the Early Edition with Ryan Bridge Full Show Podcast every weekday on iHeartRadio, or wherever you get your podcasts. LISTEN ABOVE See omnystudio.com/listener for privacy information.

On today's episode, Dunedin City mayor Jules Radich declared a state of emergency for Dunedin just after midnight Thursday night as heavy rainfall began to cause widespread flooding, about 100 people evacuated from homes overnight and two shelters have been opened - one at the St Clair golf club and another at Forsyth Barr stadium, Pacific Defence Ministers are warning the region is not a testing ground for long-range missiles, the White Ferns are set to begin their T20 World Cup campaign against India, and we have our weekly political panel.

Up to one hundred homes have been evacuated in Dunedin as a state of emergency has been declared following torrential rain. Reporter Anna Sargent spoke to Morning Report.

U.S stocks made a recovery on Tuesday morning, with the Dow surging by 500 points in the morning trading session. The S&P 500 and Nasdaq Composite were up by 1.5 per cent each. Forsyth Barr senior advisor Brad Gordon spoke to Corin Dann.

Even if you wouldn't say it out loud, we've all fantasised about winning Lotto. Whether it's a few thousand dollars or a couple of million, you can't how amazing taking home a win would be. And the prize pool keeps getting bigger – in 2016, $40 million was still the limit, but now, someone could take home $43 million tonight, and it'd be the second largest draw for an individual ever.  So, what happens when a life-changing amount is won? And what are some of the best ways to splash your new cash?   Today on The Front Page, Lotto's Head of Corporate Communications Lucy Fullarton discusses the process of winning, and Forsyth Barr investment advisor Jeff Matthews, shares financial advice for handling millions. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsSound Engineer: Paddy FoxProducer: Ethan SillsSee omnystudio.com/listener for privacy information.

SkyCity will pay more than $4 million for breaching obligations to prevent money laundering and terrorism. A Department of Internal Affairs review found multiple breaches over five years, including failures in risk assessment, compliance and account monitoring to counter money laundering and terrorism financing.  Forsyth Barr Head of Research Andy Bowley says the company never undertook money laundering themselves, but they helped facilitate it.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

SkyCity will pay more than $4 million for breaching obligations to prevent money laundering and terrorism. A Department of Internal Affairs review found multiple breaches over five years, including failures in risk assessment, compliance and account monitoring to counter money laundering and terrorism financing.  Forsyth Barr Head of Research Andy Bowley says the company never undertook money laundering themselves, but they helped facilitate it.  LISTEN ABOVESee omnystudio.com/listener for privacy information.

MARK RICHARDSON:Just before we pad up and get to the crease, thanks to my sponsors at Generate and Radix.Generate is my personal KiwiSaver scheme, and I'd love it if you would consider making it yours too. I recently moved over to Generates Kiwi saver scheme after meeting up with one of their awesome advisors. And the bottom line is, if I'd done this sooner, my KiwiSaver savings would probably be worth more than they are now.If you want to make sure you're making the most of your Kiwisaver account, talk to an adviser now. Head to:https://www.generatewealth.co.nz/A copy of their product disclosure statement can be found there too. The issuer of the scheme is Generate Investment Management Limited and, of course, past performance does not guarantee future returns.This episode is also sponsored by Radix, the official nutrition sponsors of Simone Maier who just won her 5th Coast to Coast title.High performance athletes, like Simone, have been fans of Radix for years, now regular folks like you and I can improve our own lives by using Radix products. The protein powder is incredible. And the freeze dried just-add-water meals are impossibly good- you really do need to try them for yourself.https://radixnutrition.co.nz/ Righto, onto the episode! So much coming up in this episode with Mark.We discuss his brand new career transition to a financial advisor at Forsyth Barr, becoming unemployed when Today FM shut down and the toll it took on his mental health, reflections on his time as one of the world's best cricketers- including his complex relationship with the late Shane Warne, becoming public enemy #1 for a week after he asked the Prime Minister a controversial question on TV, accidentally outing Ryan Bridge on the AM Show and much much more.I really hope you enjoy this episode as much as I did.Thanks, DomDomharveyNZ@gmail.com Hosted on Acast. See acast.com/privacy for more information.

A leading energy research analyst doesn't think the government's team-up with investment company Blackrock will be 'game changer'. The deal will launch a $2 billion dollar climate infrastructure fund - designed to help New Zealand become one of the first countries to reach 100 percent renewable energy. However, BlackRock admits that for New Zealand to reach 100 percent renewable energy, the country will still need another $40 billion dollars put into it. Forsyth Barr analyst, Andrew Harvey-Green, spoke to Corin Dann.

Questions are being raised over whether interest for the Women's World Cup will remain high now the Football Ferns have been knocked out. The Ferns had a goalless draw with Switzerland in Dunedin last night but needed a win to get through to the last 16. The match was watched by nearly 26 thousand at Forsyth Barr stadium, the largest ever football crowd in the region. Newstalk ZB's Jason Pine told Mike Hosking that it'll be interesting to see how much interest is retained in the tournament now the Ferns are out. LISTEN ABOVESee omnystudio.com/listener for privacy information.

In Episode 114 of the No Limitations podcast The Divine Discontent, Blenheim Partners' Gregory Robinson speaks with David Kirk MBE, Co-Founder and Chairman of Bailador Technology Investments and a former Captain of the New Zealand All Blacks. David led the All Blacks to victory in the first Rugby World Cup in 1987. Having gone through a unique journey that has seen him study medicine, lead his country to a world championship, abruptly retire and take up a Rhodes Scholarship, David talks to us about leadership in its varied manifestations as well as the zeal in seeking perfection. Drawing on a wealth of knowledge and experience across sport, politics and business in a multitude of industries, David examines the state of affairs and offers valuable insight into the pertinent matters facing society today. David represented New Zealand in rugby union, having played 17 Tests and served as the side's Captain on 11 occasions. He is also currently Chairman of Forsyth Barr and KMD Brands as well as not-for-profits KiwiHarvest, the New Zealand Food Network and the Sydney Festival. He is also President of the New Zealand Rugby Players Association. He previously served as Chief Executive Officer of Fairfax Media and PMP Ltd as well as Chief Policy Advisor to the Prime Minister of New Zealand.   Please note: this episode was recorded on 15 March 2023.See omnystudio.com/listener for privacy information.

In this episode, Troy Hammond speaks with Joel Lieser.  Joel Lieser is the CTO of Trove Money, a child company of Forsyth Barr.   His career has spanned seven states and three countries, where he has held positions from global banks to Silicon Valley technology juggernauts like Netflix, and companies like Nike along with multiple startups along the way.   His passions lie in technology innovation and building teams. In this episode, Joel chats about culture, engineering, the differences between US and NZ, and how he thinks we can help get more people into startups. Joel hones in on his career and how our lives are a culmination of the choices we make against our adjacent possibles It is a really interesting episode and we hope you enjoy watching and or listening as much as we did.  Please join us and subscribe to help us. We want to help New Zealand to support its own when it comes to innovation.   To quote Joel: "Don't let the Tall Poppy Syndrome sidetrack us from supporting Kiwis to change the world."

Air New Zealand is predicted to reach $323 million in half-year profits, up 188 percent on the same period in 2022. These high earnings can be attributed to strong demand for travel and a reduction in competition. Forsyth Barr Head of Research Andy Bowley says these earnings can be attributed to Air New Zealand's divisive fare increases. Andy Bowley says these prices increases are no different to any other industry, in which prices go up to meet increased demand. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Air New Zealand is predicted to reach $323 million in half-year profits, up 188 percent on the same period in 2022. These high earnings can be attributed to strong demand for travel and a reduction in competition. Forsyth Barr Head of Research Andy Bowley says these earnings can be attributed to Air New Zealand's divisive fare increases. Andy Bowley says these prices increases are no different to any other industry, in which prices go up to meet increased demand. LISTEN ABOVE  See omnystudio.com/listener for privacy information.

Today on the pod we try our hands at another Higher or Lower & Guess Who! Listen along and see if you can have a stab at which stadium has a larger capacity; Carisbrook or Forsyth Barr, Twickenham or Stade de France? Or test your knowledge on a few southern hemisphere players and their international caps. All this rounded out by us having another crack at guessing a player from their career path. Let us know how you went!

Something quite extraordinary happened yesterday.With 10 Christchurch City councillors writing to the head of Environment Canterbury regional council, asking her to get the mayors of Christchurch, Selwyn, Waimakariri, Ashburton and Hurunui into a room to talk about putting money on the table for the new Christchurch stadium, Te Kaha.By the way: are we still calling it the ‘new' stadium - or is it time we started calling it the ‘beleaguered' stadium. We can't be far off calling it that, can we?We've been talking about it for 11 years but there's nothing to show for all the talk - other than a big piece of empty land in the centre of town.And today there's more talking, with city councillors meeting to decide the next steps in this whole torturous process - which is consulting the public on whether it should put another $150 million of ratepayer money into the stadium after last week's budget blowout announcement; or scale back the design to keep it in budget; or put the whole thing on hold for a bit.But what was extraordinary about yesterday, was that - even before today's meeting - we had ten councillors taking it on themselves to get negotiations underway with the other local councils about having some skin in the game.This is something the mayor and deputy mayor should have done months, if not years, ago. But obviously these ten councillors are so frustrated that they've gone to ECan themselves and asked it to get all the councils in a room together.And they've done it without involving the mayor and the deputy mayor.If you want to know who these councillors are: they are Sam MacDonald (who we'll be talking to shortly), Jake McLellan, James Gough, Phil Mauger, Aaron Keown, Pauline Cotter, Yani Johanson, Tim Scandrett, Jimmy Chen and Catherine Chu.And let's not kid ourselves that these councillors are doing this solely for the benefit of the community. All but two of them are seeking re-election later this year, so we could easily make gags about them “grandstanding” and playing “political football” with the stadium issue.And I see that some of the councillors who didn't put their name to the letter are saying that their colleagues are jumping the gun because Lianne Dalziel has a meeting lined up with ECan next week. But these ten want all the councils brought into the tent.As they absolutely should be. There is no way Selwyn, Waimakariri, Hurunui and Ashburton should get away with putting nothing into the stadium.The other thing these ten councillors want ECan to do - as well as bringing the councils together to talk turkey - is to introduce a regional rate or regional tax to cover some of the costs of building the stadium.So that would mean any property owner living within ECan's area of jurisdiction - which is north of the Waitaki River up to the Clarence River, just up from Kaikoura and inland to the boundary with the West Coast.Anyone who owns a property within that ECan boundary would pay a compulsory regional tax to help pay for the stadium.This sort of thing was done to help pay for Forsyth Barr stadium in Dunedin and the Caketin in Wellington - so it's not unheard of, and I think it's a brilliant idea.Because, let's face it, Waimakariri, Selwyn, Hurunui and Ashburton aren't going to commit money overnight, are they? We've already had one of the mayors in the news this week saying “ooh, we'd have to talk to our ratepayers before we made any sort of commitment”.Which has election year written all over it, doesn't it?If ECan just went ahead and introduced a regional tax for the stadium, we'd be on much firmer ground financially, and the Christchurch City Council could box on and get things underway.You may have seen in the news too that even if it decided to scale-back the design to keep it within budget, the extra design work that would have to be done would cost an extra $30 million anyway. This is in a report that's been done by council staff for councillors.So it's looking more and more,...

So good news for sport lovers this weekend. From midnight tonight, there will be no gathering limits on outdoor events. This means for the Super Rugby season, they can finally have spectators at the games again. One of this weekend's games is Blues vs Highlanders at Forsyth Barr stadium in Dunedin. Business development manager at Dunedin Venues Kim Dodds joined Kate Hawkesby. LISTEN ABOVE 

The inside party's just doubled in size and for outdoor sport stadiums it's spectator heaven with crowd limits pretty much gone altogether. A relaxation of Covid restrictions mean in door venues can have 200 inside guests - up from 100. That's as long as they are seated and separated. Outside, all restrictions are off, with new rules coming in midnight Friday. So where does that leave Dunedin's Forsyth Barr stadiu with its cosy covered roof, when it hosts the Highlanders v Blues game this Saturday? If you talk to venue boss Terry Davies - he's on cloud nine.

Major changes are looming for the forestry sector as the deluge of raw log exports fades amid dwindling supplies and demands increase from the building industry and other users. An industry report by investment house Forsyth Barr suggests the mainstay of the industry, log exports, will peak and drop by more than a third within a decade. Business reporter Nona Pelletier has this report.

Major changes are looming for the forestry sector as the deluge of raw log exports fades amid dwindling supplies and demands increase from the building industry and other users. An industry report by investment house Forsyth Barr suggests the mainstay of the industry, log exports, will peak and drop by more than a third within a decade. Business reporter Nona Pelletier has this report.

Sir Eion Edgar, a Queenstown-based investor, businessman, philanthropist, husband and father, has died aged 76.He had been fighting pancreatic cancer since late last year.Sir Eion made a big difference in New Zealand as a philanthropist in sport, education, youth, arts, sports and health.He was the chairman of numerous charitable trusts and organisations, including the Edgar Olympic Foundation, New Zealand Dementia Prevention Trust, and Winter Games NZ Charitable Trust.He was also an official patron of Diabetes New Zealand, the New Zealand Sports Hall of Fame and the New Zealand Football Foundation.Sir Eion was a dearly loved husband, father, father in law, grandfather and friend to many, his family said in a statement."Eion had a positive impact on the lives of many New Zealanders across the vastly diverse causes, projects and businesses he supported so passionately. He was a leader in philanthropy in New Zealand and brought others along with him to amplify his impact and help make New Zealand a better place. He leaves behind an enormous legacy."Eion will be greatly missed by all and we ask for privacy and respect for his family and friends at this very sad time."Sir Eion helped in the creation of the University of Otago's Edgar Diabetes and Obesity Research Centre, and in the creation of the southern hemisphere's largest single-building indoor sports arena, Dunedin's Edgar Centre.He was the chancellor of the University of Otago between 1999 and 2003, and was awarded Honorary Doctorate of Laws for outstanding service.Sir Eion spent 20 years as the chairman of Forsyth Barr Group in Dunedin, until his retirement in 2018.His friend of 36 years, Queenstown Lakes Mayor Jim Boult, confirmed that Sir Eion had died about noon today.In an emotional tribute, he called Sir Eion "a good Kiwi man"."He's been an absolute gift to our district, and the whole of New Zealand," he said."I'm devastated."He's just been one of those people, whenever there's a been a cause Eion's been there to support it."He was generous not only with his own money, but also in convincing others to support causes, Boult said."He will be enormously missed."Forsyth Barr issued a statement saying it was "deeply saddened" at the death of a former chairman, colleague, mentor and friend."Eion always wanted the best for the firm and encouraged everyone to take the opportunities and enjoy what we do. He loved Forsyth Barr and seeing the firm develop.""New Zealand has lost a truly iconic and visionary leader."The company expressed its condolences and best wishes to Sir Eion's wife of 50 years Lady Jan Edgar, to his sons Jonty, Hamish and Adam and to the whole Edgar family.text by Otago Daily Times

Canterbury's Stewart Mitchell has been appointed New Zealand Rugby chairman, with Dr Farah Palmer as his deputy, after a tense board meeting in Auckland on Monday night.Mitchell, a qualified accountant who has served on the NZ Rugby board since 2014, is thought to have narrowly edged East Coast president and Pango Productions chief executive Bailey Mackey.Former North Harbour chairman and Blues director Shaun Nixon also stood in the vote to replace Brent Impey, who now steps down after seven years in the NZ Rugby chairman role.Mackey wanted to bring transformational change to every level of the game and will be disappointed to miss his chance to lead this time around. He posted a message to social media after the vote which read: "Courage is the most important of all virtues, because without courage you can't practice any other virtue consistently".In Mitchell, NZ Rugby have opted for a steady hand.An experienced strategic and business consultant with over 30 years' experience in governance, and a former NZ Colts representative, Mitchell severed on the Crusaders board since 2008 and as Canterbury chairman before joining the NZ Rugby board seven years ago.Mitchell's appointment comes at a defining period for NZ Rugby as it attempts to navigate the ongoing standoff with the Players' Association over the proposal to sell 12.5 per cent of NZR's commercial rights for $387.5 million to US technology investment firm Silverlake.The Players' Association, through their collective bargaining agreement, have blocked the deal and instead tabled an alternative proposal in partnership with investment company Forsyth Barr to sell a five per cent stake in NZ Rugby's commercial rights via a public share float that would raise between $170m and $190m."New Zealand Rugby sits at a critical juncture and I am excited at the opportunity to lead rugby into a new era alongside Farah who will be an outstanding deputy," Mitchell said in a statement."Our game faces multiple challenges from the community game to the professional ranks and I can't wait to address those challenges head on."It is an exciting and challenging time to be involved. I believe we have a unique opportunity to re-imagine rugby and to lead the world and innovate on and off the field. I'd like to acknowledge Brent [Impey] for his contribution to the board, and personally for his support over the years."The NZR board also voted Palmer, a former Black Ferns captain, into the role of deputy chair. Palmer is the Associate Dean (Māori) for Massey business school as well as chair of the Māori Rugby Board and a Sport NZ board member.She was appointed as NZ Rugby's first woman board director in 2016 and is on the Rugby World Cup 2021 committee. Palmer said: "What a true privilege to be given this opportunity and I am excited at the prospect of working with Stewart in his new capacity as chair as we work together to take the game into the future. We have a strong and talented board overall and I have no doubt we can achieve some great things for the whole game."Impey welcomed Mitchell and Palmer's appointments."It's a transformational time for rugby and Stewart and Farah are the right people to take us forward. Stewart has proven himself over a long period of time with Canterbury, the Crusaders and New Zealand Rugby where he has been an invaluable board member and Farah with her current role on the NZR board as well as chair of the Māori Rugby Board and the key role she is playing on the RWC 2021 committee," Impey said.text by Liam Napier, NZ Herald

May 22, 2021. Mark Robinson, CEO NZ Rugby. 100 Molesworth Street, Wellington. Dear Mark, I get it. I know it’s been an ugly few weeks. I know that every Tom, Dick, and Harriet has been texting and ringing you at all hours of the day, pleading this way and that, for you to make a final call on the Silver Lake deal. I know you’ve needed one of those special battery packs that you carry around to charge up your phone when the battery gets low, and you’ve been in so many meetings that you accidentally used your wife’s name when you were talking to Brent Impey the other day. I know it grinds that everyone has an opinion. Honestly, there can only be a handful of people in this country who are sufficiently-informed about the business side of your sport, who understand the implications of a private equity deal with Silver Lake versus an alternative with Forsyth Barr, as well as the cultural and social elements that are unique to rugby in New Zealand. It doesn’t stop them from charging around the place making bold statements and calling up The Herald, does it? Everyone’s an expert. But here’s the thing, Mark. I’m worried you’ve been led astray. You’ve been distracted. You are running the risk of being blinded by all of this fancy private equity Wolf of Wall Street smack, nd missing out on inking the single-most important deal in New Zealand Rugby today. Mark. You really, really, really need to re-sign Scott Robertson. I know I might seem biased. I’m a Canterbury man through and through. And it’s easy for everyone outside of Crusaders country to roll their eyes every time we win a competition. It’s become one of those inevitabilities in life, eh? The Crusaders winning another title. Scott Robertson breakdancing. It’s as predictable as taxes or Hosking moaning about a Labour government. But just because we’ve become normalised to Scott Robertson lunging and whirling, spinning and worming in celebration across the steaming Canterbury turf, doesn’t mean he’ll be here forever. He’s not a spiteful guy. Yes, he’s a bit unusual. He might not be cut from that slick, polished, and dare-I-say DULL template New Zealand Rugby appears to value. But sometimes different is good. Weird is good. And though I really don’t expect Razor’s big on grudges, he's off contract. And we all know he was disappointed not to get the All Blacks job. So, then; this is my plea to you. Re-sign Razor. Pay whatever it costs. See if Silverlake can chuck in an extra few million if that’s what you need to get him over the line.  Because as painful as these last few weeks might have been for everyone with an interest in New Zealand rugby... can you just imagine how it might feel in a few years' time watching Razor doing the worm having just defeated the All Blacks?  

NZ Rugby says it's prepared to look at an alternative proposal for a public float of part of its commercial revenues that's been put forward by Forsyth Barr.

NZ Rugby says it's prepared to look at an alternative proposal for a public float of part of its commercial revenues that's been put forward by Forsyth Barr.

New Zealand Rugby has invited Forsyth Barr to discuss its proposal for a public flotation of part of its commercial revenues, after US private equity giant Silver Lake waived its right to block talks.However the union has sent David Kirk - who is chairman of both Forsyth Barr and the New Zealand Rugby Players Association - a lengthy explanation of why it does not believe its proposal met the objectives of its proposed sale.On Friday the Herald revealed that Forsyth Barr had made an alternative capital raising proposal at the request of the NZRPA, which would involve selling 5 per cent stake by way of an initial public offering on the NZX.The proposal suggested the stake could be sold to investors for $170m-$190m valued NZ Rugby between $3.4 billion and $3.8b, above the $3.1b valuation implied by NZ Rugby's proposed deal with Silver Lake, which is seeking to buy a 12.5 per cent stake in its commercial revenues for $387.5m.On Monday evening NZ Rugby chief executive Mark Robinson sent a lengthy response to Kirk, and later to provincial rugby unions, responding to the proposal."Silver Lake have consented to waive their exclusivity agreement to the effect of enabling NZR to examine and understand the NZRPA/Forsyth Barr proposal," Robinson wrote, inviting Kirk for a meeting with its project steering group on Friday."Despite our concerns and questions ... our initial view is that it is unlikely to meet all of our strategic objectives, we would welcome the good-faith exploration of this NZRPA / Forsyth Barr IPO alternative, as part of considering all of our stakeholders' interests."Robinson has also shared the response with the provincial rugby unions, saying that NZRPA had, with NZ Rugby, entered into an exclusivity arrangement with Silver Lake to work on the deal."Therefore, it's fair to say this new proposal with a new party came as a surprise and [it] was disappointing to have it sent directly to media in the first instance," Robinson said."That said, whilst we believe we have robustly and diligently looked at this option (as well as a wide range of others) and established that it won't meet all our objectives in creating our future, we are happy to talk through their proposal in case there is something new that we have missed and hopefully we can do this, this week."NZ Rugby's concernsRobinson's letter explained that not only did it view Silver Lake as an ideal investment partner to help it grow internationally, a public float had a number of drawbacks."NZR is focused on raising capital from a strategically aligned investor to assist NZR in driving growth and fully realising our global potential," Robinson wrote, with Silver Lake having deep experience with international sports teams and technology investment."We see this capability enhancement to the game in New Zealand, through revenue growth flowing back into the game and by way of improved expertise that would support improved engagement with our fans and the over 150,000 participants we have here at home."Even if NZ Rugby was to seek investment from passive investors "then an IPO would likely be evaluated as an inferior option to other forms of passive, private capital investment in common equity".Other forms of investment would reduce compliance costs, reporting obligations, enable direct control of its shareholder register and who was commercially involved and retain flexibility."A public IPO may be potentially attractive at a point in time, however while NZR is in a growth investment phase of our strategy, we are not interested in simply raising capital from passive public market investors."Growth companies were "typically better able to execute their strategic growth agendas in a non-public environment" Robinson wrote as flexibility and capital and risk management "typically favour a private status".Robinson said it saw risks to Forsyth Barr's valuation of the company, from market volatility to Covid-19 impacting the commercial contracts which w...

Former All Black Conrad Smith can relate to the passionate behaviour shown by New Zealand Rugby and the Players Association over a possible private equity deal.Forsyth Barr has tabled a new offer at the request of the NZRPA, that would see NZR sell a five per cent stake in future commercial revenue through an NZX listing.NZR CEO Mark Robinson described the new offer as shocking and disappointing, believing the relationship with the NZRPA is at a new low.Smith told Elliott Smith he has a lot of respect for both parties."When you have a big issue like this that is concerning New Zealand Rugby, the direction we're heading, the potential of 12.5 percent of our national game, then people get very emotional, and that's all we're seeing."Smith wants to see the Silver Lake and Forsyth Barr offers, as well as any other presented, to be discussed fairly.LISTEN ABOVE

Allegations of sabotage, half-baked ideas, shameful distractions and leading the public down the proverbial garden path. Some provincial rugby unions and New Zealand Rugby have hit out hard at a proposal being floated by the Players Association as an alternative to the Silverlake deal - the Silverlake deal would see the US equity firm buy 12.5 percent of NZR's commercial rights for about $400 million. The player's plan, backed by investment firm Forsyth Barr, could see a smaller 5 percent stake floated on the stock exchange. South Canterbury Rugby chief executive Craig Calder has two key questions.

You might be able to buy a slice of the All Blacks for as little as $100, according to the investment firm behind the alternative proposal from the Rugby Players Association. As you heard the plan would see 5 percent of the NZ Rugby's commercial arm sold off via a public listing on the stock exchange meaning any New Zealander could all own a slice. The Forsyth Barr proposal values NZR's commercial assets at up to 23 percent higher than US investment company Silverlake and claims its plan carries less risk. Here's Forsyth Barr managing Director Neil Paviour-Smith's elevator pitch for the proposal.  

Former All Blacks captain and World Cup winner David Kirk has rejected claims there's a conflict of interest surrounding the New Zealand Rugby Players' Association's latest private equity proposal.On Friday, Forsyth Barr tabled an alternative to Silver Lake's offer of investment in New Zealand Rugby that values the organisation between $3.4 billion and $3.8b - 12 per cent to 23 per cent higher than Silver Lake's - and keeps that investment in the hands of New Zealanders.Kirk serves as the president of the NZRPA as well as chairman of Forsyth Barr, stirring up concern there could be a conflict of interest.But speaking on Newstalk ZB, Kirk said that based on his position at Forsyth Barr that is not the case."I'm an independent non-executive chair of the business, I have nothing to do with the negotiation with the agreement to employ Forsyth Barr to do this work. Forsyth Barr already does some work with the Players Association in managing money," he said."There's no conflict of interest here at all."In response to the proposal, New Zealand Rugby boss Mark Robinson accused the NZRPA leadership of an "attempt to destroy the Silver Lake deal" - despite a unanimous vote for the deal by the country's provincial unions and Māori Rugby Board.In a leaked staff email, Robinson said the relationship between NZR and the NZRPA was "at a new low".Kirk admits he was surprised by NZR's reaction, and has questioned the governing body's staunch loyalty towards Silver Lake's investment offer, accusing them of illogical thinking. He laid out the questions he wanted to ask the organisation about its response to the Forsyth Barr proposal."Why are you so concerned about alternative options? Why won't you consider them? You're charged with doing the best thing for New Zealand rugby, surely the best thing is to look at all these options, consider them carefully, and then make a decision."It's not logical not to want to look at all the offers. They said to us and they said to the provinces ... 'there is only one option, that's Silver Lake. We've looked at the other ones and none of them stack up'. Well, that's not true."Forsyth Barr have presented an option in which there's a higher valuation ... and the opportunity to raise money quickly and efficiently on the New Zealand stock exchange. That's a real alternative."I would urge them to step back a bit, take a deep breath, and let's talk about this."In reaction, Robinson insisted NZR "took time and care" to explore all options."We considered and then rejected several – a public listing on the NZX, debt funding and a capital raise in New Zealand. All were robustly assessed against our key objectives."Some of these options would have helped us to meet some of our objectives but none of them would have helped us to meet them all. Debt does not provide capability, and we do not have assets to secure that debt."A capital raise in New Zealand does not provide the value of the Silver Lake deal either from a financial or capability perspective and an IPO still would involve selling off a stake of our commercial revenue but without adding the precious capability we need to move forward."None of them would have provided New Zealand Rugby with the strategic benefits we will need to keep pace with the global game and ensure we are not left behind. And, critically, none of them can sufficiently support the long-term investment required for our grassroots."Kirk rejected suggestions that the NZRPA had supplied confidential information to Forsyth Barr in order to create a competing offer."I don't think it's a breach of trust at all. All of us, collectively in New Zealand, are looking at a situation in which rugby is going to change forever in New Zealand."The thought that we wouldn't discuss and debate the various options that are available ... is just nonsensical."Kirk described the response from NZR as "unnecessarily emotional and aggressive", and claimed the "war of words" was coming solel...

An alternative offer to Silver Lake, valuing New Zealand Rugby at a colossal $3.8 billion, has been tabled by local investment manager Forsyth Barr.The Auckland head-quartered company has conducted due diligence on the prospect of NZR selling a five per cent stake in its future commercial revenues through an NZX listing and believes investor demand could potentially raise as much as $650m.Under the terms of the Forsyth proposal – conducted at the request of the New Zealand Rugby Players' Association which is not supportive of selling a stake in the national game to US fund manager Silver Lake - NZR would be able to raise between $170m and $190m, with as much as 40 per cent of the offering being open to mum and dad investors who could buy in for as little as $100.Forsyth managing director Neil Paviour-Smith says that his firm are willing to underwrite the deal as a number of significant fund management houses and high net worth New Zealanders have already indicated they would make significant investments.Such a deal would, therefore, be deemed low risk and value NZR at between $3.4bn and $3.8bn, which is 12 per cent to 23 per cent higher than the valuation offered by Silver Lake.The Silver Lake deal, for which NZR has received the backing of provincial unions to proceed, will raise $387.5m and see the US group take 12.5 per cent of net revenue.The NZRPA have been strongly opposed to the deal, with its president, former All Black captain David Kirk, also chairman of Forsyth Barr.David told Si and Phil there has been no breach of trust."Rugby's going to change forever in New Zealand. The thought that we wouldn't discuss and debate the various options that are available to do that, it's just nonsensical."LISTEN ABOVE  

An alternative offer to the Silver Lake deal has been offered to New Zealand Rugby and Provincial Unions. To mull over this option further Jesse is joined by rugby writer Hamish Bidwell.

New Zealand Rugby is accusing the Players Association of trying to sabotage its deal with US private equity firm Silverlake. A Players Association proposal, put together by investment firm Forsyth Barr, suggests selling a 5 percent stake in NZR's commercial rights to the New Zealand public. The Players' Association believes the approach is far better than the proposed Silverlake deal, which they're refusing to sign off on. But NZR are not happy. Chief executive Mark Robinson said he is shocked and disappointed at what he's calling a fundamental breach of trust. Clay Wilson with more on the intensifying dispute over New Zealand rugby's future.

Martin Devlin chats to Highlanders coach Tony Brown, fresh off the back of their opening round loss Super Rugby Aotearoa to the Crusaders at Forsyth Barr stadium in Dunedin. 

Fletcher Building exceeded its own forecast by earning 47 per cent more operating profit in the latest half-year, rising from $219 million to $323m.New Zealand's biggest building construction and materials manufacturing business had forecast making $305m to $320m but came in $3m above the top end of its own range.Revenue was up from $3.96b to $3.98b, net profit after tax up 48 per cent from $82m to $121m and shareholders will get an interim dividend of 12 cents per share, paid on March 24.Fletcher Building chief executive Ross Taylor said: "The strong result reflects good progress made on our strategy to drive consistent performance and growth. The improved earnings and profitability are the outcome of initiatives undertaken over the past three years to improve operating disciplines and efficiencies across the group.Group cash flows from operating activities of $428m were significantly higher than the $5m outflow in the prior period, resulting from a higher EBIT and a material improvement in working capital. Group EBIT margins improved to 8.1 per cent from 5.5 per cent with improvement across all operating divisions."We have seen a broadly stable market environment. Growth in the New Zealand residential sector has been offset by softer demand in Commercial and mixed conditions in infrastructure in both New Zealand and Australia. In all businesses, we have remained focused on executing our strategy, especially improving the underlying disciplines and efficiencies of our operations. The sustainable improvement in margins was achieved through pricing disciplines; targeted share gains; consolidation and automation of manufacturing and supply chains; and a more efficient overhead cost base," Taylor said.Market factors contributed 15 per cent of the group's EBIT rise but the other 85 per cent came from "strategic improvements in operating efficiency", Taylor said.In mid-2018, he announced a five-year plan to transform the company and indicated today the result was paying off.Shareholders will get the 12cps dividend due to the better performance."The board is pleased to declare an interim dividend of 12 cents per share. Given the strength of the group's performance and balance sheet, the company has been able to put in place an updated banking agreement with its lenders which allows the company to pay an interim dividend and retains the more favourable covenant levels until June 2021. The board also expects to be in a position to approve a final FY21 dividend," Taylor said.Rohan Koreman-Smit and Ashton Olds of Forsyth Barr said in a pre-result analysis that they expected a strong set of results underpinned by resilient New Zealand residential activity and a material cost base reset.They forecast 1H21 revenue at $4.02b, up 1.6 per cent from the previous corresponding period of 1H20 of $3.9b. EBIT was forecast to rise from last year's $219m to $308m, underlying profit from $107m to $178m but no dividend was forecast.At Fletcher's AGM in November, Taylor told shareholders that the first six months looked promising."The trading update also showed we are making good progress on improving the operating performance across all of our businesses. Through the first four months we saw group revenues up slightly by 1 per cent, group EBIT of $227m up $80 million, group EBIT margin up 2.9 percentage points to 8.4 per cent due to improved operating efficiency, and our cash flows and balance sheet remain strong with net debt at $388m and available liquidity at $1.4b as at October 31, 2020," he said then.Fletcher has been trading on the NZX at around $6.44, up $1.20 or 23 per cent in the last year, giving it a market capitalisation of $5.3b. On the ASX, it is at A$5.98, up on November's A$5.33.text by Anne Gibson, NZ Herald

The Reserve Bank kept the official cash rate at 0.25%, and is continuing to print money. Why are they trying to increase inflation & lower borrowing costs to households and businesses? ✅ Timestamps ✅ 0:00 News Topics. 0:27 The Reserve Bank to Give Cheap Funding Directly to the Banks Possibly as Soon as November 1:20 NZX Stock Market Top 10 Winners and Losers 1:49 Australian government to scrap responsible lending laws (Westpac, ANZ and Heartland Bank) 2:56 Pushpay Stock Update (PPH - NZX) 4:16 Hallenstein Glassons Stock Update (HLG - NZX) 5:50 Kathmandu Stock Update (KMD - NZX) 7:41 Turners Automotive Stock Update (TRA - NZX) 9:25 My Public Portfolio Update $11,442 Westpac, which recently won a lengthy court case against the regulator over alleged breaches of the lending rules, led the market higher as it surged 6%. ANZ jumped 5% and local lender Heartland Group - which has Australian reverse mortgage operations - actually lost 4% over the last week. Before we move to the next stock, I wanted to thank you for leaving me comments and ideas. I don't want to just talk at the camera. It's awesome to read your feedback too! Pushpay - Now we are going to review Pushpay share price which is up by 8% over the last week. The stock climbed as more brokers gave them the thumbs up with upgrades. Pushpay has made some good developments, and churches in the United States are looking to connect with members online and through mobile phones because of the Covid crisis. The number of churches moving to new technology has increased from 45% to 80%. Research firm Jarden upgraded the stock to ‘outperform' and hiked its 12-month target price from $7.90 to $9.30. That's a substantial jump, but still behind Forsyth Barr's, who on September 10 increased their 12-month target from $12 to $13. 2021 will be a remarkable year for Pushpay, with the shift to digital donations accelerating significantly, and its platform becoming indispensable to clients. We now expect to see three years' worth of growth compressed into one, bringing a 55% increase in donation volume and corporate earnings growth of 128%. What do you do with this company? Do you follow the target prices from brokers? Let me know in the comments below? Learn other tips at https://www.MaximSherstobitov.NZ/ Subscribe on YouTube now so you do not miss the next video ➜ https://www.youtube.com/channel/UCHIw-Ej9kivd77bavBCnatQ?sub_confirmation=1 ➔ Facebook Page - https://www.facebook.com/MaximSherstobitovPage/ ➔ Instagram - https://www.instagram.com/maxim.sherstobitov/ ➔ LinkedIn - https://www.linkedin.com/in/maximsherstobitov/ ➔ Subscribe to the Podcast ➔ Join my exclusive weekly newsletter http://eepurl.com/gcmTU9 IMPORTANT: - The information does not constitute financial, accounting or legal advice and we cannot be held liable for any acts or omissions that arise from your use. - Everything on this channel is for educational purposes only. It does not take into account your investment objectives, financial situation and personal needs.

Top Share Rises and Falls Over the Last Week. My 5 Company Losers and 1 Winner (Stock Portfolio Update). You will learn what's been happening with Briscoes, Cannasouth and others! ✅ TABLE OF CONTENTS ✅ 0:00 News Topics. 0:22 Why NZX Stock Market Declined 1:35 Briscoes Stock Update (BGP - NZX) 2:33 Serko Stock Update (SKO - NZX) 4:59 Asset Plus Stock Update (APL - NZX) 5:58 Cannasouth Stock Update (CBD - NZX) 6:32 Sky Network Stock Update (SKT - NZX) 8:33 My Public Portfolio Update $10,685 Let's talk about Briscoes group. Its share price is up by 4 % after the company posted a first half profit of $28 million. Revenue was reported at $292 m (-3.5%) after a recessive first half (-35% in sales). It was bolstered by a strong rebound in the second quarter (+28%). Better than expected results happened even though its homeware and sporting goods stores were closed for 50 days during the six months ending July. Online sales performed especially well; doubling compared to the same period last year. In other words, It grew 100 per cent in that period. Investors may also have been pleased to see an interim dividend of 9cps, an increase from last year's first half pay-out. Next is SERKO. The corporate travel management software was one of the biggest movers, which rose 5% after it was announced last Friday that it would be replacing New Zealand Refining's spot in Standard & Poor's NZX 50 index. The rebalance will be effective on September 21 and will have several implications for both stocks. Investors may like the prospect of increased demand for the stock from passive funds, which may in theory have a positive effect on the stock price. As more money flows into funds and Kiwisaver accounts that invest in the index, new units in the funds must be created, which requires purchase of additional stock in the fund components – in this case, Serko. I'd be careful because it is another stock that is financially struggling but will be propped up. Serko has unstable earnings over the last 4 years. It made a loss of $9m in the June 2020 year and was unable to provide a forecast for 2021 given the impact of Covid-19. Looking forward, with the acquisition of Metlifecare by Asia Pacific Village Group currently proceeding, brokers Forsyth Barr suggested that the most likely replacement on the index would be either Tower or Hallenstein Glasson. You may take advantage of it! Now we move to the cannabis stock. This week Cannasouth shares rose 15% after the company gained popularity ahead of the upcoming referendum. (Show 1 month prices) To me it seems like someone is trying to manipulate the stock because it is up by 100 % then down 40% when there were no fundamental changes in the company. Learn other tips at https://www.MaximSherstobitov.NZ/ Subscribe on YouTube now so you do not miss the next video ➜ https://www.youtube.com/channel/UCHIw-Ej9kivd77bavBCnatQ?sub_confirmation=1 ➔ Facebook Page - https://www.facebook.com/MaximSherstobitovPage/ ➔ Instagram - https://www.instagram.com/maxim.sherstobitov/ ➔ LinkedIn - https://www.linkedin.com/in/maximsherstobitov/ ➔ Subscribe to the Podcast ➔ Join my exclusive weekly newsletter http://eepurl.com/gcmTU9 IMPORTANT: - The information does not constitute financial, accounting or legal advice and we cannot be held liable for any acts or omissions that arise from your use. - Everything on this channel is for educational purposes only. It does not take into account your investment objectives, financial situation and personal needs.

Ladies and gentlemen, welcome to the bloke sitting next to you. Welcome to the girl behind you in the concession queue. A big hello to the young man checking your bag. Hello security, I'm so pleased to see you. Understrength beer, lukewarm pies, why hello there. You, leaping to your feet in front of me, shout louder my friend.  The collective fizz, the surge of the crowd, rising as one in combined try scoring ecstasy, great to see you again. The smell, the noise, the atmosphere. The players, the refs, the man on the public address system, it's been too long.  At 7:05 this evening, under the roof at Forsyth Barr, the Speights tin if you will, the post Covid world roars back into life. The last bastion of lockdown is dismissed as the throngs come back to sport.Tomorrow, the people return to the national stadium, Eden Park, warts and all to worship at the alter of live sport. The excitement is palpable. The anticipation is reaching boil over point. Kids are amped, adults can hardly contain their excitement. To me, it's the icing on the cake of Covid success. These first matches back in super rugby, with cherry of the crowd.  Sport is of enormous import to the populace. It defines us as a nation, as does the combined efforts of us all to sacrifice what we have, to bring the corona virus to its knees. This weekend we celebrate our triumph by banding together in the most enriching and enduring expression of solidarity we have. The crowd at a game of footy. Male, female, other. Young, old, middle aged. Black, brown, white, crimson. Labour, national, green. Blue collar, white collar, no collar. Catholic, Hindi, Jewish, agnostic. Tall, short, fat, skinny........all of us, celebrating the success of 5 million in the manner we know best, being part of the heaving masses the up until recently were part of NZ sports rich tapestry. So good. That'll do.  

It's been an extraordinary few weeks in the country for big events and the coming together of many people.Waitangi Day this year I thought was a huge success.  The commemoration was respectful and fun.  There was protest, there was dissent, but it was measured and calm. I had a couple of friends who got the feeling it was going to be a good time who made the last minute decision to go North on the day before.  Off they went armed with a pup tent because there was no room at the inn. It was their first time.  They said it was wonderful. Warm and tropical and full of happy New Zealanders of all colours. That's the way that Day should be.  We've got 365 other days to have arguments about details.Meanwhile, superstars of music leapfrogged each other all over New Zealand. Sir Elton John started his New Zealand Tour in Dunedin before celebrating his Waitangi Day at the Mission in Hawkes Bay.  Five days after Michael Buble and a 36 piece orchestra swung his way through the same venue.At the same time, Queen with Adam Lambert rocked through the country in double quick time with their Rhapsody tour. Filling Wellington's Sky Stadium on Wednesday. Mount Smart Stadium on Friday and Forsyth Barr in Dunedin tomorrow. Add in three Elton John concerts later in the month and that's eight stadium filling gigs.  Actually, make that 13, as Six60 are selling out Western Springs Stadium.And here's a thing.  It's nice to see these stadiums actually being used to their capacity for once.I was at the cricket at Eden Park last night.  Don't let the TV pictures fool you.  The place was empty.  The South Stand virtually uninhabited.  You could say it's because this was a game between two teams who have played six times already this year.  But then again, back in the day the Auckland ODI was a heaving sweaty mass of 40,000 people. Meanwhile, FMG Stadium in Hamilton.  Capacity 25,800 was a third full for a cracking game of rugby between Razor Robertson's Crusaders and Warren Gatland's Chiefs.It's a conundrum.  Is sport losing its hold on New Zealanders?  Has 25 years of paywalled sport on the telly turned off a generation and created a crowd that doesn't like to leave it's couch?Certainly live sport has priced itself out of the game.  Why pay 50 bucks for a seat in a stadium and overpriced food?  Why didn't New Zealand Cricket say 10 bucks and fill the joint? Twitter had numerous debates about the problem. Uni students moaning that there's no way they're spending $45 for a ticket once a season, let alone five or six.When sport was king, our local bodies went stadium crazy. Based on our average sports attendance there is no need for any stadium in this country to be much greater than a 20,000 seater. That for rock concerts can easily host 30,000.But for the odd big things you'll still need a big stadium, like All Blacks matches. Or Rolling Stones tours. In a month's time, the regulations hobbling Eden Park are to be debated in hearings.  Eden Park likes to call itself the National Stadium.  I think it's time to bite the bullet and make it so.  Taxpayers have poured 100 of millions into it.  Ratepayers have poured more again.  England plays at Twickenham, Ireland plays at Lansdowne Road, Wales Cardiff Arms and Scotland, Murrayfield.  We already have a template.Smaller multi use stadiums in each city and one big one. Eden Park is a 1 billion dollar white elephant that is still lovable.  And this this is more than an Auckland problem. It's a New Zealand problem.

Episode 1 of the Curious Kiwi Capitalist Podcast Show 4th August 2019 My guest for this show is Sir Eion Edgar KNZM. Sir Eion recently retired as Chairman of Forsyth Barr, a firm he was with for almost 50 years with the last 20 as Chairman. There are few people who know more about the […] The post NZ Public Capital Markets with Sir Eion Edgar appeared first on .

NBR's Jenny Ruth on Forsyth Barr downgrading Steel & Tube. Read more ($): https://www.nbr.co.nz/article/steel-tube-shares-are-high-risk-forsyth-barr-jr-p-203310