Issue 12

July 2010

NEWSLETTER
WINTER / SPRING UPDATE

There has been some interesting changing of the positions of the deck chairs by the new government.
What I have noticed in my travels around clients is that there is some good activity at the moment but getting paid is becoming a problem.
I predict that there will be some more lively business activity in the short term prior to GST increasing but be prepared for a flattening out in the October – Feb 2011 sector as cash flows are squeezed.
The removing of additional money from the economy by way of GST, Emissions Trading and ACC charges alone will affect us all. There will of course be the usual rounded up of prices and flow through of rises which happens when these situations come along.

WHAT HAVE WE BEEN DOING ALL YEAR?

Murray worked right through Xmas this year helping a client with a buy out and also relieving as a caretaker manager for another for a six week stint. He also has been working on a mentoring programme. As well as this he has again been regularly presenting for the Otago Chamber of Commerce.
Murray would like to congratulate his client Ian Beker of Southland disability Enterprises on being awarded a QSM in the Queens Birthday honours list on top of winning the BDO Spicers Sustainable Development in Business Award at the VERO awards last year.

Graham has been comfortable with regular articles published in various magazines and continuing involvement in a major Otago tourist attraction. He has also been commissioned to contribute in a military history book on the Otago Mounted Rifles.

Barry is still flat out in forklift and related training South Island wide and still has a full book. Bookings essential.

SPONSORSHIP
Once again we have been selective but sponsorship has produced good results.
Hamish Cross did very well in the Hamilton Street Race in the Suzuki Class with a best finish of 6th in an 18 car field in only his second meeting in the car.
This followed his winning of the 2010 New Zealand Championship Title for Rotax Max (heavy) Karting. This, and a 4th placing in the Australian Nationals last year, and other outstanding results should see Hamish selected to represent New Zealand to contest the World Rotax Karting Championships in Italy later in the year.
Chris Dixon also featured in winning the 2009 Dunedin Kart Club annual points trophy for Yamaha heavy class as well as 2nd place in the 2010 Mainland Series meeting in Invercargill.

If anything within the newsletter takes your interest please send an email murray@doma.co.nz , graham@doma.co.nz, barry @ doma.co.nz, bevan@doma.co.nz
Ph / fax O3 487 9738 or 025 299 7370