12 stories mentioning ASX:GTK
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The consumer non-durables sector gained the most on New Zealand's Exchange, rising nearly 4% at midday Friday.a2 Milk (ASX:A2M, NZE:ATM) saw the sharpest increase in the sector, gaining almost 8% in recent trade.Meanwhile, the technology services sector declined nearly 3%.Gentrack Group (ASX:GTK, NZE:GTK) was down nearly 3% in recent trade.
Gentrack Group (ASX:GTK, NZE:GTK) received notice that Regal Funds Management, a unit of Regal Partners (ASX:RPL), decreased its holdings in the company to 8.748% from 9.79%, according to a Friday filing with the New Zealand bourse.Regal Funds now owns 9.8 million shares in the company, the filing said.
New Zealand shares ended lower on Monday as all Asian shares saw losses after fresh drone attacks in the Gulf region.The S&P/NZX 50 Index fell 1.56% or 202.09 points to close at 12,762.92.A drone strike caused a fire in a nuclear power plant in the United Arab Emirates on Sunday, while Saudi Arabia said it intercepted three drones, according to a Sunday report by Reuters.In domestic news, New Zealand's services sector showed a modest improvement in April but remained in contraction, with persistent cost pressures and global shipping disruptions continuing to weigh on sentiment, according to a statement by BusinessNZ.In corporate news, AFT Pharmaceuticals (ASX:AFP, NZE:AFT) appointed Stuart Houliston as chief financial officer, effective June 15.Gentrack Group (NZE:GTK, ASX:GTK) acquired New Zealand software-as-a-service company Prospero Energy, trading as Factor, in a deal valued at NZ$24 million.
Gentrack Group (NZE:GTK, ASX:GTK) acquired New Zealand software-as-a-service company Prospero Energy, trading as Factor, in a deal valued at NZ$24 million, according to a Monday filing with the Australian and New Zealand bourses.The agreement also includes a potential NZ$10 million earn-out if the business grows its annual recurring revenue to about NZ$17 million within three years, per the filing.The consideration will be fully funded from the company's existing cash reserves, with only a minimal impact on current-year revenue, the filing said. The transaction is expected to be earnings-accretive on a target-growth basis by fiscal 2028.The deal was completed at the same time as the sale and purchase agreement was signed on May 15, the filing added.Gentrack Group's Kiwi shares were up nearly 2% in recent Monday trade.
Gentrack Group (ASX:GTK, NZE:GTK) reported Monday fiscal first-half earnings of NZ$0.05 per share, down from NZ$0.06 a year earlier.Analysts polled by FactSet expected earnings of NZ$0.03.Revenue for the six months ended March 31 was NZ$110.1 million, compared with NZ$112 million a year earlier. Analysts surveyed by FactSet expected NZ$110.3 million.The company expects fiscal 2026 revenue to be between NZ$229 million and NZ$238 million, with earnings before interest, taxes, depreciation and amortization projected to range from NZ$13.5 million to NZ$20 million. Analysts polled by FactSet expect revenue of NZ$227.7 million.
Technology services shares gained the most on New Zealand's Exchange, rising past 4% by midday Thursday.Shares of Gentrack Group (NZE:GTK, ASX:GTK) rose nearly 12% in recent trade.On the flip side, the electronic technology sector saw a marginal sell-off on a day when most sectors rallied, shedding 0.3%.Shares of ikeGPS Group (ASX:IKE, NZE:IKE) fell 1% in recent trade.
Information technology stocks advanced 1.2% in midday trading Tuesday as markets awaited an interest rate decision from the Australian central bank due later in the afternoon.WiseTech Global (ASX:WTC) gained more than 6%, but Gentrack Group's (ASX:GTK, NZE:GTK) Australian-listed shares tumbled past 32% after the company cut its fiscal year 2026 revenue guidance.Meanwhile, materials stock led decliners with a fall of 1.2%, as nearly all sectors were in the red after tensions around the Strait of Hormuz intensified following a suspected Iranian attack on a United Arab Emirates oil facility.Regis Resources (ASX:RRL) agreed to acquire Vault Minerals (ASX:VAU) in a merger of equals to create a major gold producer with a pro forma market capitalization of about AU$10.7 billion. Regis shares fell nearly 5% and Vault gained over 4%.
Electronic technology shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Tuesday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose almost 7% in recent trade.On the flip side, the technology services sector struggled, shedding more than 14%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell past 30% in recent trade.The company on Tuesday said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance.
Gentrack Group (NZE:GTK, ASX:GTK) said it now expects fiscal year 2026 revenue of between NZ$229 million and NZ$238 million, lower than its previous guidance, according to a Tuesday filing with the Australian and New Zealand bourses.The company expects fiscal year 2026 recurring revenue to grow by over 10% to around NZ$174 million. It also expects fiscal first-half revenue of around NZ$110 million, of which roughly NZ$85 million would be recurring, per the filing.Gentrack said it expects fiscal year 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA) of NZ$13.5 million to NZ$20 million, and fiscal first half EBITDA of about NZ$7.8 million, both excluding acquisition costs.The guidance comes as the company has decided "to prioritize growth and global leadership over short-term EBITDA" and continues to invest in international expansion and product development, it said.The company maintained its medium-term target of a more than 15% compound annual growth rate for revenue.Additionally, after the release of fiscal first-half results, Gentrack's board plans to launch an on-market share buyback for up to 5% of the company's issued shares, per the filing.The company's Kiwi shares fell 22% in recent Tuesday trade on the New Zealand bourse.
Gentrack Group (ASX:GTK, NZE:GTK) signed an agreement to acquire Dubai-based airport technology and services provider Dubai Technology Partners for an enterprise value of $10 million, according to a Thursday filing with the Australian and New Zealand bourses.Dubai Technology Partners will be incorporated into the company's Veovo airports division, boosting its artificial intelligence-powered portfolio while also broadening its global footprint and strengthening its presence in the Middle East, per the filing.The deal, which will be funded through the company's existing cash reserves, is expected to add about NZ$3.5 million in fiscal 2026 revenue over four months post-completion, the filing said. It will also be marginally accretive to earnings before interest, taxes, depreciation, and amortization before integration costs, the filing added.The transaction is expected to be completed within a month, subject to standard conditions.The company's Australian shares were up 2% in recent Thursday trade, while its Kiwi shares added about 1%.
The consumer durables shares gained the most on New Zealand's Exchange, rising almost 2% on Friday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose nearly 2% in recent trade.On the flip side, the technology services sector struggled, shedding past 3%.Shares of Gentrack Group (NZE:GTK, ASX:GTK) fell nearly 7% in recent trade.
Commercial services shares gained the most on the New Zealand Exchange, rising 1% by midday Friday.PGG Wrightson (NZE:PGW) gained more than 1% in recent trade.Meanwhile, technology services shares fell past 2%.Westpac Banking (NZE:WBC, ASX:WBC) was down almost 4% in recent trade.