Scrip Magazine Issue: August 2023

PAUL MCBETH: Is the Reserve Bank dancing with its own reflection?

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years.  Fed chair Kevin Warsh’s hall of mirrors concerns shouldn’t be brushed off too quickly. Central banks are meant to be boring and predictable. The levers they pull in adjusting interest rates take an…
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What is going on at Winton land?

NZSA Disclaimer Late last week, NZSA caught wind of some very interesting developments at Winton Land, with independent Directors Steven Joyce and Guy Fergusson notifying the market on August 26th that they would resign as Directors with effect from August 31st. Their resignation has left the company with only one independent director (Glen Tupuhi), and…
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PAUL MCBETH: Port of Tauranga’s Quayside question

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years.  Intergenerational thinking is great but probably shouldn’t be rushed. Port of Tauranga is the closest New Zealand’s got to a maritime hub with a national plan. Over the years, the shining star in…
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NZ Super Fund takes us halfway there…

NZSA Disclaimer $17,878[1]. That is the current value of the NZ Super Fund (NZSF) attributable to every person in New Zealand, a staggering $95.9 billion. In only 25 years, the Fund has demonstrated the value of a long-term approach to national saving. But the Fund was created to smooth the rising cost of NZ Super…
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PAUL MCBETH: Venturing further than we realise

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. His KiwiSaver has been with Milford Asset Management’s active growth fund since 2014. He’s been a customer of Westpac NZ for decades and ASB since 2016, while Curious Media banks with BNZ. It’s…
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PAUL MCBETH: Whose KiwiSaver money is it anyway?

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. His KiwiSaver has been with Milford Asset Management’s active growth fund since 2014. He’s been a customer of Westpac NZ for decades and ASB since 2016, while Curious Media banks with BNZ. The…
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Incoming directors James Miller and Trevor Janes have a big job on their hands.

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. He has been a member of the NZ Shareholders’ Association since February 2024. Curious News supplies the NZ Shareholders’ Association with a weekly column. The Financial Markets Authority was forged in fire. In…
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Will workload and conflict of interest hamper the incoming FMA Chair?

NZSA Disclaimer We wrote recently about the changes we wanted to see at New Zealand’s financial regulator. We supported new leadership with the capability to drive cultural transformation at the FMA and bolster market confidence. Last week, we learned about the appointment of both James Miller (Chair) and Trevor Janes to the FMA Board. NZ…
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The telco is getting back to what it does best – hopefully the rest of the country will too.

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. He has been a Spark mobile and broadband customer since 2021. Spark New Zealand finally got down to the nuts and bolts of its back-to-basics strategy outlined last year in separating its broadband…
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Scale comes with its own challenges.

NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years.  KiwiSaver continues to be very much embroiled in a turf war. The reason is simple – more funds under management equals more management fees for the well-heeled individual making the big investment calls…
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