STRATEGIC PLANNING – AUSTRALASIA

APN is expected to demerge NZ business

roymorgansocial Leave a comment

Original article by Jake Mitchell
The Australian – Page: 25 : 18-Apr-16

Australian-listed APN News & Media is believed to be planning to spin off its NZME division in New Zealand as a separately listed company. The group had been considering options such as an IPO or trade sale, but it is said to favour distributing shares in NZME to current stockholders. Andrew McLeod of Morgan Stanley values NZME at between $A134m and $A264m. APN first mooted selling or floating its New Zealand business in 2014.

CORPORATES
APN NEWS AND MEDIA LIMITED – ASX APN, NZME, MORGAN STANLEY AUSTRALIA LIMITED, CREDIT SUISSE AG, FIRST NZ CAPITAL EQUITIES LIMITED, FORSYTH BARR LIMITED, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, ALLAN GRAY AUSTRALIA PTY LTD

Europe proves expensive adventure for Kathmandu

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 18 : 24-Sep-14

Kathmandu has posted a 2013-14 net profit of $NZ42.2m, which is 4.5 per cent lower than previously. Shareholders will receive a final dividend of $NZ0.09 per share. Meanwhile, Kathmandu will ramp up its marketing in the US and Europe in a bid to raise its profile and increase sales. The outdoor adventurewear group will launch an integrated marketing campaign in these markets, at a cost of $NZ5m ($A4.6m)

CORPORATES
KATHMANDU HOLDINGS LIMITED – ASX KMD, THE NORTH FACE INCORPORATED, COLUMBIA SPORTSWEAR COMPANY