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Fletcher’s looks fully priced to Forbar

(PREMIUM) Fletcher Building’s (NZX/ASX: FBU) takeover of the Australian Crane Group (ASX: CRG) is a good strategic fit for the group, however, FBU’s recent share price appreciation now means analysts see the stock as being fully priced.

Abano in transition

(PREMIUM) Natural disasters in both Australia and New Zealand and a softer than expected performance from Abano Healthcare’s (NZX: ABA) brain injury rehabilitation business has the group’s FY11 forecasts coming in slightly under analyst expectations. ...

Recipe for record

(PREMIUM) By WARREN HEAD It is particularly reassuring when a company that has been an outstanding market performer delivers the goods, as Restaurant Brands did in cracking a record result of $24.3m, up 24% on 2010. ...

Improvement seen by brokerage firm

(PREMIUM) Despite the setbacks of the recent series of natural disasters and low business confidence, Forsyth Barr still expects the NZ equity market to perform well in the next twelve months. ...

Wim Bosman opens European pathway for Mainfreight

(PREMIUM) Shareholders’ approval of the €120m Wim Bosman Group acquisition further expands Mainfreight’s global position. ...

AIR share price offers value

(PREMIUM) World events are having their impact on national carrier Air New Zealand’s (NZX: AIR) projected profit, with the company downgrading its earnings expectations for FY11 on the back of an expected second-half loss. ...

Reaction to soggy guidance

(PREMIUM) Analysts have responded to Methven’s revision of the guidance given at its 1H11 result for flat FY11 NPAT, to now being down 10-15% and debt to be 15-20% higher than FY10 (previous guidance slightly higher). ...

Kathmandu invests in inventory to fire revenue

(PREMIUM) The performance of Kathmandu Holdings (ASX/NZX:KM D) over the past half year has certainly left those who were cool towards its sharemarket listing 15 months ago looking a bit silly. ...

‘NZOG Undervalued’

(PREMIUM) Sharebroking analysts are starting to see New Zealand Oil & Gas shares as not truly reflective of the surging value of oil with flashpoints in Arab countries the latest catalyst. ...

Briscoe sharply competitive

(PREMIUM) The Briscoe Group turned in a respectable NPAT of $21.61m for the 52 week FY11 year and looks likely to run through the reset slowdown better than most retailers. This included a one off non-cash deferred tax adjustment of $2.8m stemming from tax changes last year. ...