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Highlights
- The National Cyber Security Centre has predicted a rise in cyber attack threats in NZ.
- Geo is going to hold a virtual Annual Meeting on 29 November.
- Gentrack will publish FY21 results by 25 November.
As per the latest market reports, NZ might see a further infiltration of cyber attacks.
Recently, NZ’s National Cyber Security Centre published a report reflecting 404 instances impacting important groups during last year to the current year, which is a 15% rise compared to 2020’s total attacks.
Experts opine that the simplest approach towards obstructing cyber attacks would be regular network maintenance, updating software and keep changing passwords, which the organisations sometimes overlook.
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Geo Limited (NZX:GEO)
Cloud-based job management solutions provider, Geo Limited, has conveyed the market on the upcoming FY21 virtual Annual Meeting to be held by 29 November.
During the Meeting, the stakeholders would be asked to give their nod to the issuance of 5,971,719 options to purchase securities in the Company to its Chief Revenue Officer - Scott Player, in accordance with the Company’s Employee Share Option Scheme.
The other agenda of the Meeting would be related to the Placement announced in October. Further, stakeholders participating in the Meeting are eligible to raise their queries and cast votes as well.
On 18 November, at the time of writing, Geo was trading up by 2.30% at NZ$0.178.
Also read; Why These 6 NZX Stocks Ebbed And Flowed Today- GFL, EVO, SML, BRM, GEO, MLN
Gentrack Group Limited (NZX:GEN)
Cleantech solutions provider to the utilities sector, Gentrack Group Limited provided a trading update to the market at September end before its FY21 results, which is due to be published by 25 November.
The latter-half revenue in FY21 was solid than anticipated by the Company throughout the Utilities business, demonstrating initial optimistic indications of their plan to increase revenue by offering advanced technologies and services to present consumers, gain new business, and develop into managed services.
Gentrack now hopes revenue to be around NZ$105 million, slightly above the previously given earnings guidance of NZ$100.5 million. The Company is anticipating EBITDA to stand at NZ$12 million, again more than NZ$190 million given in the earlier earnings guidance.
On 18 November, at the time of writing, Gentrack was trading down by 2.14% at NZ$1.83.
Do read; Gentrack (NZX:GTK) Beating Outlook Expectations
ikeGPS Group Limited (NZX:IKE)
Generating beginning-to-end measurement solutions aimed at consumers in a particular set of industries, ikeGPS Group Limited notified the market last month of the retirement of its Chair, Mr Rick Christie, in October.
The Company’s earlier Deputy Chairperson and Non-Executive Director Mr Alex Knowles replaced Christie.
In October, the Company also provided an update on inking an extension provided to a contract with a communications customer helping fibre infrastructure deployment in mid-western areas of the US. The extended contract would produce around NZ$1.6 million of revenue transaction in the upcoming 12-month period.
It is anticipated that around 70% of this contract value would be realised in the Company’s FY22, for the duration closed March next year and a further 30% of it in ikeGPS’ FY23.
On 18 November, at the time of writing, ikeGPS was trading flat at NZ$1.010.
Related article; Ikegps Group gains 3.5% on the back of strong growth in Q1 FY22
Bottom Line
NZ’s National Cyber Security Centre stated that the tracing and interruption of troublesome cyber action through its cyber defence resources managed to thwart around NZ$119 million in harm to NZ’s key firms during the 2020-2021 period.
