Annual Meeting Report, September 20th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 ($USm restated) 2022 ($USm) 2023 ($USm) Change Revenue $43.6m $47.6m $56.1m 18% NPAT $3.2m $1.7m -$2.5m n/a EPS1 $0.006 $0.003 -$0.05 n/a Gross Margin 38% 37% 32% -13% Capitalisation $149.8m $112.8m $100.5m -11% PE Ratio 33 42 n/a Current…
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Annual Meeting Report, September 14th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $2.2m $3.5m $5.8m 65% Operating Expenses $3.9m $4.8m $6.4m 33% NPAT -$1.7m -$1.3m -$0.6m n/a EPS1 -$0.012 -$0.009 -$0.004 n/a PE Ratio n/a n/a n/a Capitalisation $43.9m $37.4m $34.8m -3% Current Ratio2 3.48 0.97 0.87…
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EROAD has been a roller coaster ride for investors over the last couple of years. From a share price high close to $5.70 in July 2021 and the purchase of Coretex that same month, it’s been a fair degree of one-way traffic since then. The departure of founder Steve Newman as CEO in April 2022…
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Annual Meeting Report, September 8th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 Change Revenue $18.8m $34.4m 83% Operating Profit $0.8m $1.5m 87% NPAT $0.0m -$1.9m n/a EPS1 $0.00 -$0.003 n/a PE Ratio n/a n/a Capitalisation $65.4m $45.4m -31% Current Ratio 0.30 0.53 75% Debt Equity 14.09 3.37 -76% Operating CF…
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A vexed question: increased control for a major shareholder versus a better solution for minority shareholders Editor’s note: this article was written prior to an agreement between David Sena and NZSA (as outlined at the end of this article). Nonetheless, it’s an insightful analysis highlighting a potential conflict between the interests of major shareholders and…
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Mid-morning this drab Wellington Monday, I had a discussion with a Board member of Skyline Enterprises Limited as part of our usual process surrounding our company assessment reports and subsequent voting intentions. Skyline has a market capitalisation of approximately $630m, and is one of the largest companies listed on “Unlisted” (USX), a recognised alternative exchange…
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Annual Meeting Report, August 31st 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $1.6m $3.9m $4.9m 27% EBIT -$6.9m -$11.2m -$14.1m n/a NPAT -$6.6m -$10.8m -$9.8m n/a EPS1 n/a -$0.125 -$0.087 n/a PE Ratio n/a n/a n/a Capitalisation n/a $66m $34m -56% Current Ratio 1.42 2.65 1.70 -36%…
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Annual Meeting Report, August 28th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Operating Revenue $6.0m $19.9m $23.9m 20% Fair value movements $1.3m $0.00 $0.00 n/a NPAT $0.49m $1.9m $0.7m -63% Market Capitalisation $42.6m $42.6m $21.4m -50% EPS $0.00 $0.00 $0.00 n/c PE Ratio 434 23 31 Current Ratio…
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Annual Meeting Report, August 23rd 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $303.5m $344.5m $389.6m 13% NPAT $26.9m $31.3m $32.6m 4% EPS $0.314 $0.363 $0.376 3% PE Ratio 14 10 10 Capitalisation $314m $316m 1% Current Ratio 4.35 4.21 3.09 -27% Debt Equity 2.08 2.27 2.13 -6%…
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Annual Meeting Report, August 25th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 (10 months) 2022 2023 Change Revenue $175.4m $231.1m $247.2m 7% NPAT $85.7m $61.1m $15.4m -75% EPS $0.138 $0.086 $0.022 -74% Fair value gain/loss $82.3m $63.5m $21.4m -66% PE Ratio 11 12 32 Capitalisation $660m $540m -18% Current Ratio 2.56…
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