Special Meeting Report, January 22 2024 Click here for NZSA Assessment and Voting Intentions The Chair and CEO, Chris Meehan, opened the meeting – setting out the purpose being to approve the sale of shares by Wanaka Partners LLC, to Perpetual Corporate Trust Limited as custodian for Akarua at $2.50 per share. The shares are…
Read more
NZSA Disclaimer At a Special Meeting held on December 14th, shareholders of Burger Fuel approved a special resolution for the return of capital to shareholders. Or did they…? A deeper analysis of the shareholder voting results gives a slightly different picture as to the outcome. The ‘raw’ vote by shareholders is shown in the image below:…
Read more
Special Meeting Report, December 20th 2023 Click here for NZSA Assessment and Voting Intentions This was never going to be an open-and-shut meeting. NZ Windfarms had announced a partnership with Meridian Energy on the same date of its (previous) Annual Shareholder Meeting, October 26th. This was now the subject of this special meeting, seeking shareholder…
Read more
Annual Meeting Report, December 6th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $11.6m $13.1m $15.4m $16.6m 8% Operating Income $5.0m $6.4m $6.8m $8.1m 19% NPAT $2.3m $12m $12.8m $5.6m -56% Adj in fair value -$1.7m $7.1m $7.6m -$0.4m n/a EPS1 $0.072 $0.403 $0.45 $0.20 -56% PE…
Read more
Annual Meeting Report, December 12th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $287.8m $350.8m $351.2m $409.7m 17% Gross Profit $169.2m $201.2m $202.3m $234.8m 16% Operating Profit $39.2m $49.3m $37.1m $47.8m 29% NPAT $27.8m $33.3m $25.6m $32.0m 25% Gross Profit Margin 59% 57% 58% 57% n/c EPS1…
Read more
Annual Meeting Report, December 18th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $468.8m $489.6m $531.9m $553.4m 4% Gross Profit $82.5m $68.8m $96.9m $108.6m 12% NPAT $19.4m $16.2m $55.8m $10.0m -82% Gross Profit Margin 18% 14% 18% 20% 8% EPS1 $0.207 $0.173 $0.597 $0.107 -82% PE Ratio…
Read more
NZSA Disclaimer As I write this final (short) article for 2023, I am enjoying a 30-degree day with a swimming pool nearby. Holiday mode is very close to setting in. And yet for many, 2023 has been a difficult year. The impacts of rising interest rates have been felt by all, with the resultant slowdown…
Read more
On 28 November 2023, our guest speaker was Rob Campbell, a man who has had many roles in his life such as an economist, trade unionist, businessman and public servant. First, he thanked the NZSA for all the work it does for personal investors. Its approach and contributions are very valuable and that is why…
Read more
Annual Meeting Report, December 20th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 (15 months) 2023 Change Revenue $0.6m $1.1m $8.3m $7.9m -5% Gross Profit $0.5m $0.7m $3.1m $3.1m n/c NPAT -$4.9m -$2.8m -$19.5m -$10.4m n/a EPS1 -$0.014 -$0.007 -$0.015 -$0.008 n/a Inventory Turnover 0.63 0.73 0.58 0.30 -48% Gross…
Read more
Annual Meeting Report, November 23rd 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Operating Revenue $14.4m $16.1m $18.7m $20.8m 11% Operating Profit $1.6m $0.6m -$1.8m -$2.5m n/a NPAT $1.3m $1.1m -$1.8m -$10.8m n/a EPS1 $0.084 $0.068 -$0.114 -$0.59 n/a PE Ratio 12 27 n/a n/a Capitalisation $15.7m…
Read more
