Annual Meeting Report, May 16th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $701.8m $744.4m $785.9m $792.0m 1% Gross Profit $307.1m $340.6m $345.9m $335.8m -3% NPAT $73.2m $87.9m $88.4m $84.2m -5% Gross Profit Margin 44% 46% 44% 42% -4% EPS1 $0.329 $0.395 $0.397 $0.378 -5% Capitalisation $1,336m…
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NZSA Disclaimer There’s been plenty of media and shareholder comment around the non-binding indicative offer received by Rakon Limited. A non-binding indicative offer (NBIO) was announced by Rakon to the market way back on December 11th 2023 – the announcement detailed the price ($1.70), that the bidder was ‘credible’ and disclosed that the NBIO had…
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Annual Meeting Report, May 13th 2024 Click here for NZSA Assessment and Voting Intentions Presentations by the Chairman and CEO are both available on announcements to the NZX. These cover the arguments for delisting from NZX, and relisting on USX (Unlisted Securities Exchange.) Chair Phil Norman described the USX, a lower cost trading platform operating…
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NZSA Disclaimer Any shareholder in Burger Fuel is likely to be aware of the challenge received to the company’s proposed capital return by Burger Fuel’s founder (and 5% shareholder) Chris Mason. The parties (including NZSA) had their day in Court on May 8th; while there was universal agreement on the key tests required to achieve…
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NZSA Disclaimer Listen below to this short interview with Abby Foote, NZSA’s 2023 Beacon Award winner to hear more about her views on courage, success and diversity of thought – and the value that can add to a Board. Our announcement last week recognised Abby Foote for two specific issues arising during 2023, relating to…
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Annual Meeting Report, May 8th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue1 $2,500m $2,762m $3,294m $2,800m -15% EBITDA1 $125.7m $179.7m $301.3m $17.4m -94% NPAT1 $65.4m $103.8m $189.3m -$23.4m n/a EPS1 $0.65 $1.03 $1.89 -$0.233 n/a PE Ratio 3.07 3.52 1.73 n/a Capitalisation $182.5m $163.6m $95.4m -41%…
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NZSA Disclaimer NZSA plays a key role in advocating for the rights of individual investors in New Zealand’s public markets. That much is well-known, recognised by individual shareholders, directors and others in the investment community. At a fundamental level, however, our work assumes that individuals have choice when it comes to investment. And indeed, most…
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NZSA Disclaimer This article, written by Jedrzej Bialkowski and Moritz Wagner from the University of Canterbury is republished from The Conversation under a Creative Commons license. Read the original article. NZSA has a longstanding relationship with UC when it comes to researching investor sentiment. Positive investor sentiment doesn’t necessarily match the true value of stocks Jedrzej…
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Annual Meeting Report, April 18th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $78.4m $88.0m $95.7m $108.4m 13% EBITDA $34.4m $34.4m $35.1m $38.9m 11% NPAT $17.6m $15.0m $14.2m $13.6m -4% EPS1 $0.063 $0.053 $0.045 $0.042 -7% PE Ratio 31 26 27 24 Capitalisation $546m $396m $384m $327m…
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Annual Meeting Report, April 11th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $335.2m $365.6m $365.6m $347.6m -5% EBITDA $60.9m $52.5m $64.2m $54.6m -15% NPAT $14.2m $34.4m $22.7m $12.2m -46% EPS1 $0.072 $0.174 $0.115 $0.066 -46% PE Ratio 19 5 10 13 Capitalisation $288m $217m $159m -17%…
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