Contest winners follow their own pitch

University of Otago business students (clockwise from front) Henry Tran, Max Symon, Luka Didham...
University of Otago business students (clockwise from front) Henry Tran, Max Symon, Luka Didham and Gabriel Pintacasi won the 2021 Forsyth Barr Stock Pitch competition. PHOTO: SUPPLIED
Winning prize money can often send a business competition winner’s conscience into a spin.

Invest it? Or spend it?

In the case of University of Otago business students Luka Didham, Henry Tran, Max Symon and Gabriel Pintacasi, they were sensible and did a bit of both.

They won this year’s Forsyth Barr Stock Pitch competition, in which they had to convince a judging panel of industry professionals and faculty members to buy shares in a New Zealand Stock Exchange-listed company.

The four students, under the name of Quant Consulting, pitched the company EBOS Group Ltd — a large Australian and New Zealand marketer, wholesaler and distributor of healthcare, medical and pharmaceutical products, as well as recognised consumer products and animal care brands.

Mr Pintacasi said the team was "stoked" to win the competition.

"The company we chose did a lot of the heavy lifting and so we did our best to present this."

The team won $200, and while it did not seem like much, winning was the main reward.

He said the team planned to invest most of the prize money into EBOS Group Ltd, and the remainder would go towards a "team celebration".

One of the judges, Forsyth Barr investment adviser Duncan Croudis, was impressed with the students’ work.

"The standard was high, even with the challenges Covid-19 and lockdown brought."

He hoped their paths might cross again in the future and he could work with them following their graduation.

john.lewis@odt.co.nz


 

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