The Brickbats – Apr 2022

The Brickbats

We couldn’t help but notice the Air New Zealand Capital raise announced in late March, by way of a pro-rate renounceable rights offer. We’re not sure that the Brickbat is for Air New Zealand, however…moreso the plethora of financial institutions, investors, financial commentators and even the NZX who tied themselves in knots in trying to explain and/or understand the offer. A sad lesson in NZ financial literacy.

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