Annual Meeting Report, 21st July 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Operating Revenue $174.4m $201.7m $221.9m 10% Operating Expenses $169.3m $211.2m $238.8m 13% Change in Fair Value $123.5m $159.0m $80.4m -49% NPAT $131.1m $198.8m $82.5m -59% EPS $0.242 $0.276 $0.114 -12% PE Ratio 8 6 10 Capitalisation…
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The retirement sector offers numerous investment options, including six NZX listings: Ryman Healthcare (RYM), Summerset (SUM), Oceania Healthcare (OCA), Arvida (ARV), Radius Care (RAD), and Promisia (PHL). So it was a pleasure for NZSA’s Auckland Branch to host Arie Dekker, Head of Institutional Research at Jarden, at its recent branch meeting. Arie covers the Retirement…
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After the well-publicised events of the last week, taxation is shaping up to be a major issue for New Zealanders heading into October’s election. Nonetheless, buried within the hype and commentary surrounding PM Hipkins’ ruling out of capital gains and wealth taxes, there was reference to a much-less publicised event – an upcoming increase in…
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I remember when the new look Companies Act came into force. It turned out that 1993 would be my last year at university, forgoing the opportunity to continue completion of a Law/Commerce double degree in favour of testing my mere B.Com credentials. Even back then, I questioned the value of civil remedy that could only…
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22nd June 2023 On 22 June, our guest speaker was Pip Greenwood , a highly regarded board chair and director. Pip has been Chair of Westpac New Zealand since October 2021. Pip is also Chair of A2 Milk, a director of Fisher and Paykel Healthcare, and a Trustee of the Auckland Writers’ Festival. She has…
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Annual Meeting Report, 19th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Operating Revenue $21.5m $20.5m $24.6m 20% Cost of Sales $12.0m $14.0m $16.3m 16% NPAT $3.8m -$.8m $0.8m n/a Gross Profit Margin 44% 31% 34% 7% Inventory Turnover 4.63 3.52 3.62 3% EPS1 $0.018 -$0.004 $0.004 n/a…
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Annual Meeting Report, 29th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Operating Revenue $66.4m $89.0m $94.6m 6% Management Fees $24.2m $24.3m $23.3m -4% Gross Profit $46.5m $53.5m 15% NPAT $132.0m $112.3m -$116.7m n/a EPS1 $0.279 $0.208 -$0.215 n/a PE Ratio 9 8 n/a Capitalisation $967m $695m -28%…
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Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Property Revenue $182.0m $187.8m $213.8m 14% Fair Value Movement $560.0m $660.4m -$237.7m n/a NPAT $631.7m $748.6m -$135.4m n/a EPS $0.454 $0.536 -$0.096 n/a PE Ratio 5 4 n/a Capitalisation $2,836m $3,074m 8% Debt Equity 0.29 0.32…
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Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Rental Income $64.5m $67.9m $71.0m 5% Change in Valuation $139m $91.0m -$185.2m n/a NPAT $161.3m $118.2m -$150.2m n/a EPS $0.446 $0.321 -$0.408 n/a PE Ratio 5 5 n/a Capitalisation $578m $526m -9% Current Ratio 2.58 1.53…
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On 16 May, our guest speaker was Dean Anderson, Founder and CEO of Kernel at the community meeting room of Trust Waikato at Little London Lane in Hamilton. This was the first trial of an afternoon meeting presentation because of the difficulties in reaching the caterer’s minimum numbers to make the evening meetings at the…
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