Company Overview and News

 
Brian Gaynor: No pass marks for Intueri Education

2018-01-19 nzherald.co.nz
The Tertiary Education Commission report on Quantum Education Group, the fully owned subsidiary of the failed NZX company Intueri Education Group, makes for sober reading.
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Vocational training provider in voluntary administration

2017-06-01 radionz.co.nz
Troubled vocational training company Intueri has been placed in voluntary administration after failing to trade its way out of debt.
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Intueri in voluntary administration; bid less than value of debt

2017-05-31 nzherald.co.nz
Intueri Education Group has been placed into voluntary administration after a strategic review garnered an offer for its operating assets that is less than the value of its debt.
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Vocational training provider struggles to stay afloat

2017-05-01 radionz.co.nz
Intueri Education's failed sale of its dive training school has left its future in doubt, with sales of its other schools believed to not be enough to cover its debts.
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Intueri shares fall 52 per cent to 1 cent

2017-05-01 nzherald.co.nz
Intueri Education Group shares fell 52 per cent to 1 cent, valuing the company at $1 million after it said the level of bids for its remaining colleges mean it wouldn't have a sustainable business after repaying debt and there'd be nothing to return to shareholders.
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Indicative offers for remaining Intueri assets point to shortfall

2017-04-30 nzherald.co.nz
Intueri Education Group says indicative offers for its remaining New Zealand colleges would not generate enough funds to repay all of $70.7 million in debt with ANZ Bank New Zealand.
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SFO drops probe into Intueri's defunct Quantum unit

2017-04-12 nzherald.co.nz
Intueri Education Group says the Serious Fraud Office has ended its investigation into the unprofitable company's defunct Quantum Education Group and won't take further action.
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Intueri calls in liquidator in Australia

2017-04-05 nzherald.co.nz
Intueri Education Group has hired Grant Thornton to liquidate its Australian assets after it was forced to close its colleges across the Tasman sooner than it had expected.
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The $1.2m firm which owes ANZ $70m

2017-03-02 nzherald.co.nz
Intueri Education Group, whose $70.7 million of debt with ANZ Bank New Zealand is almost 60 times greater than its market value, may be a tough sell for High St Capital Partners, the firm hired to drum up interest in the private training establishment company.
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Air NZ leads sharemarket higher

2017-02-23 nzherald.co.nz
New Zealand shares rose today, led by Air New Zealand and Spark New Zealand, while Sky Network Television fell to its lowest level in almost eight years after its merger with Vodafone was disallowed by the Commerce Commission.
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NZ shares fall led by Trade Me

2017-02-07 nzherald.co.nz
New Zealand shares fell, led lower by Trade Me Group and Fisher & Paykel Healthcare Corp while Warehouse Group gained.
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Harbour Asset trims Intueri stake

2017-02-07 nzherald.co.nz
Harbour Asset Management has sold down its stake in Intueri Education Group, ceasing to be a substantial shareholder following the company's disclosure on Friday that it will exit Australia after losing government subsidies and is considering bids for its assets while it undergoes a detailed strategic review.
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Index gains but Metro Glass update shatters investors

2017-02-03 nzherald.co.nz
New Zealand shares gained, led by A2 Milk Co and Fisher & Paykel Healthcare, while Metro Performance Glass plunged after disappointing investors.
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Intueri Education to exit Australian business by the end of the year

2017-02-03 radionz.co.nz
The troubled vocational training company, Intueri Education, plans to exit its Australian business by the end of the year.
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Intueri to quit Australia after losing subsidies, says all assets may be up for sale

2017-02-02 nzherald.co.nz
Intueri Education Group will quit Australia by the end of the year after losing federal government subsidies and is considering bids for some of its assets, saying it was probably in breach of its banking covenants in 2016.
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