Annual Meeting Report, July 25th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $3,543m $5,218m $5,675m $4,717m -17% NPAT $188.1m $355.4m $426.5m $208.7m -51% EPS $1.87 $3.53 $4.24 $2.07 -51% PE Ratio 41 20 17 34 Capitalisation $8.1b $7.9b $7.1b $7.0b n/c Current Ratio 1.08 1.17 1.22…
Read more
NZSA Disclaimer Monday July 22nd was a busy day on our local market. First came the announcement that the directors of Arvida Limited (NZX: ARV) were recommending an offer for a takeover via a Scheme of Arrangement at $1.70 per share – well up on a share price that had become range-bound between $0.90 –…
Read more
Annual Meeting Report, July 11th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2022 (restated) 2023 Change Revenue $33.9m $48.1m $77.8m 62% Operating Expenses $26.3m $37.9m $59.4m 54% NPAT -$15.2m $2.1m $6.7m 208% EBITDA $7.6m $10.2m $18.4m 81% Capitalisation $190.3m $155m $446m 188% EPS1 -$0.065 $0.009 $0.028 208% PE Ratio n/a 56…
Read more
Special Meeting Report, July 11th 2024 Click here for NZSA Assessment and Voting Intentions The Company was seeking shareholder approval to certain amendments to its constitution that are designed to preserve the significant value in the Company’s available tax losses. During FY23, Allied Farmers obtained a Private Ruling from Inland Revenue that increased unused tax…
Read more
NZSA Disclaimer This is an interview with Mark Malpass, CEO, Steel & Tube, carried out on June 19th 2024. Listen in for his thoughts on Steel and Tube’s past, present and future – and the value of good governance. Oliver Mander
Special Meeting Report, July 5th 2024 Click here for NZSA Assessment and Voting Intentions The Company was seeking shareholder approval to delist from the NZX and list on the Unlisted Exchange (USX). In the Notice of Meeting the company stated that remaining NZX-listed “would mean bearing disproportionate costs relative to the benefits. Remaining listed on…
Read more
Annual Meeting Report, June 27th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 (10 months) 2022 2023 2024 Change Revenue $175.4m $231.1m $247.2m $265.5m 7% NPAT $85.7m $61.1m $15.4m $31.5m 82% EPS1 $0.138 $0.086 $0.022 $0.043 81% Fair value gain/loss $82.3m $63.5m $21.4m $55.7m 160% PE Ratio 11 12 32 13 Capitalisation…
Read more
Annual Meeting Report, June 27th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Operating Revenue $21.5m $20.5m $24.6m $28.9m 10% Cost of Sales $12.0m $14.0m $16.3m $19.2m 6% NPAT $3.8m -$.8m $0.8m $5.5m 600% Gross Profit Margin 44% 31% 34% 33% 7% Inventory Turnover 4.63 3.52 3.62 4.42…
Read more
Annual Meeting Report, July 2nd 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $16.9m $18.9m $48.0m $71.2m 48% NPAT -$28.7m -$36.0m -$30.5m -$15.7m n/a EPS -$0.266 -$0.30 -$0.25 -$0.13 n/a PE Ratio n/a n/a n/a n/a Capitalisation $766m $438m $270m $377m 39% Current Ratio 10.20 9.83 8.30…
Read more
NZSA Disclaimer Auditors play a key role in providing shareholders with assurance as to the reporting surrounding their investment. From an investor perspective, there is plenty to take away from an audit report; the handy summary of “Key Audit Matters” (KAM’s) is a helpful guide to determining what matters when it comes to a company’s…
Read more
