Scrip Articles

Fonterra Shareholder Fund Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 13th 2023 Click here for NZSA Assessment and Voting Intentions Metric3 2020 (m) 2021 (m) 2022 (m) 2023 (m) Change Revenue $20,282 $20,565 $22,953 $24,658 7% Gross Profit $3,062 $2,984 $3,216 $4,259 32% NPAT $686 $578 $661m $1,241 88% Gross Margin 15% 15% 14% 17% 23% EPS1 $0.426 $0.358 $0.362 $0.98…
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A2 Milk Company Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 16th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $1,731m $1,205m $1,443m $1,591m 10% Gross Profit $969m $510m $664m $739m 11% NPAT2 $385.8m $80.6m $122.6m $144.8m 26% Gross Profit Margin 56% 42% 46% 46% n/c EPS1 $0.52 $0.11 $0.165 $0.216 40% PE Ratio…
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Michael Hill International Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 14th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 AUD (restated) 2022 AUD 2023 AUD Change Revenue $574m $604m $632m 5% Gross Profit $366.9m $393.7m $406.7m 3% Gross Profit Margin 64% 65% 64% -1% NPAT $41.0m $47.6m $35.2m -25% EPS1 $0.106 $0.12 $0.09 -25% PE Ratio 8 11…
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Marsden Maritime Holdings Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 14th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Operating Revenue $6.3m $7.2m $8.7m $11.3m 29% Operating Expenses $5.0m $5.7m $7.2m $9.6m 34% Operating Profit $1.3m $1.5m $1.5m $1.6m 7% Share of profit (JV) $8.8m $9.5m $8.4m $8.1m -4% NPAT $6.7m $14.3m $13.1m $7.9m…
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Heartland Banking Group Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 9th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Interest Income $347m $328m $342m $573m 54% Net Interest Income $217m $234m $250m $282m 13% Interest Margin 62% 71% 73% 53% -27% NPAT $72.0m $87.0m $95.1m $95.9m 1% EPS1 $0.124 $0.149 $0.16 $0.135 -16% PE…
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Chorus Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 8th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $947m $965m $980m 2% EBITDA $649m $675m $672m n/c NPAT $47m $64m $25m -61% EPS1 $0.105 $0.143 $0.057 -60% PE Ratio 62 53 129 Capitalisation $2.9b $3.4b $3.2b -5% Current Ratio 0.44 0.50 0.40 -22%…
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Winton Land Limited – 2023 Annual Meeting Report

Annual Meeting Report, October 25th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $177.0m $159.5m $211.4m 33% Gross Profit $57.4m $72.4m $108.7m 50% Gross Profit Margin 32% 45% 51% 13% Operating EBITDA $70.4m $45.0m $95.6m 112% NPAT $46.1m $31.7m $64.6m 104% Inventory Turnover 2.55 1.22 1.10 -10% EPS1…
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KMD Brands Limited – 2023 Annual Meeting Report

Annual Meeting Report, November 10th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $801.5m $922.8m 980.0m $1,103m 13% EBITDA $149.5m $208.0m $180.0m $200.1m 11% NPAT $8.9m $63.4m $36.8m $36.7m n/c Gross Profit Margin 58% 59% 59% 59% n/c Inventory Turnover 1.90 1.71 1.57 1.54 -2% EPS1 $0.011…
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Fletcher Building Limited – 2023 Annual Meeting Report

Annual Meeting Report, October 27th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $8,120m $8,498m $8,469 n/c EBIT3 $668m $756m $798m 5.5% NPAT2 $305m $432m $235m -46% Gross Margin Pct 29% 30% 31% 5% Inventory Turnover 4.81 4.45 3.73 -22% EPS1 $0.371 $0.552 $0.300 -45% PE Ratio 20…
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The tangled web of Chatham Rock Phosphate

NZSA Disclaimer There was much fanfare at the launch of the NZ Alternative Exchange, way back in 2003. Commerce Minister Lianne Dalziel trumpeted the virtues of the new exchange, reflecting that this would provide new opportunities for the many small-medium sized businesses in New Zealand. The conventional market or securities exchange is typically suited to…
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