In Present time investors choose
New Zealand as a good place to invest money. The country has some interesting
facts which attract the investors. It is ranked 20th on the 2006
Human Development Index and the 15th on The Economist’s 2005
world-wide quality-of-life index. The country is ranked the least corrupt on
the Corruption Perceptions Index and 2nd on the Global Peace Index.
If you are seeking for profitable Best high yield dividend New Zealand stock you should focus on
Windflow technology Limited (WTL).
Profile
Windflow Technology Limited is a
New Zealand-based wind turbine design and assembly company. Its business
consists wind turbine manufacturing, engineering design research and
development, production engineering, and wind farm development, operations and
maintenance. The technology of the company includes Torque Limited Gearbox
(TLG) and teeter-Control System (TCS). It has is operations at New Zealand and
North America. It has two operating segments: Corporate Segment which is
engaged in the development, manufacture and sale of wind turbines and spares
for wind turbines. The Licensing Segment is engaged in deriving revenue from
licensing agreements with other manufactures of wind turbines.
The company set up New Zealand
Wind farms to own and run the Te Rere Hau Wind Farm near Palmerston North.
Initially this was wholly owned but now has been completely sold off. The
company supplied the wind turbines for this wind farm, and are also contracted
to supply turbines for Mighty River Power’s proposed Long Gully Wind Farm.
History
The company was listed on the New
Zealand Stock Exchange on 2 December 2003. In June 2005, the Windflow
Technology Limited raises $3.3m by way of a further Rights Issue. In the same
year an initial public offering by NZ Windfarms raises $4m followed by listing
on the NZAX. The company’s stake is accordingly reduced from full ownership to
a 43% shareholding. In October 2008, Mighty River power purchased a 19.95%
share of Windflow technology. In October 2009 Long Gully wind farm receives
consent for 25 Windflow 500 turbines, subject to appeals lodged with the
Environment Court.
In August 2010 the company signed
UK Distributor Agreement with Ventus Green Energy to maximize the wind energy
opportunities for 500 KW turbines under the UK government’s feed tariff scheme.
In the month of September the company received IEC Type Approval Certificate
from Lloyd’s Register.
Company’ structure
Windflow Technology Limited
collects nacelles in its factory in Christchurch. The components are supplied
from all over New Zealand. 90% of the components are kiwi-made. The company
owns the subsidiary: Wind Blades Ltd which is based in Auckland, New Zealand.
Wind Blades manufacture tooling and supply volume production for the Windflow
500 rotor blades, and a wide range of composite products for other customers.
Announcements
On 17 January 2013, New Zealand
and wind turbine designer and manufacturer, Windflow Technology Ltd, announced
that it had received its first royalty payment from US-based licensee general
Dynamics SARCOM Technologies.
In February 2013 the company
installed a 500 kW turbine on the windy island of Orkney, its first exported
turbine which expected to generate over GBP350, 000 per year. In July 2013 the
company has appointed grant Thornton as their external auditors, effective
immediately for the year ended 30 June 2013.
Dividend
On July 10, 2013 the Windflow
Technology Ltd announced that the Board of Directors has resolved to pay the
first dividend on the Company’s preference shares. These share which are
unlisted, were issued in March this year pursuant to the Company’s February
rights issue prospectus. The dividend was paid to the holders of preference
shares recorded on the register on the record date of June 28, 2013. The total
dividend payment was $125,545.68.
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