Annual Meeting Report, September 4th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 Change Revenue $0.7m $1.4m 97% Gross Profit $0.2m $0.7m 264% NPAT -$4.3m -$6.9m n/a Gross Profit Margin 26% 49% 85% EPS1 -$0.123 -$0.195 n/a PE Ratio n/a n/a Capitalisation $37.1m $15.2m -59% Current Ratio 3.21 0.70 -78%…
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Annual Meeting Report, September 28th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $66.1m $66.0m $82.7m 25% NPAT $3.2m $2.6m $1.3m -50% Gross Profit Margin 22% 22% 18% -17% EPS1 $0.07 $0.057 $0.028 -50% PE Ratio (historic) 17 10 22 Capitalisation $52.8m $30.5m $13.2m -57% Current Ratio…
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On 31 August, our guest speakers were Mark Malpass (CEO) and Richard Smyth (CFO) of Steel & Tube Holdings. The overall purpose of the company is ‘Making Life Easier for Customers needing Steel Solutions”. Steel is one of the world’s most essential and sustainable building products, used for seismic strengthening, rebuild activity and essential water…
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NZSA Disclaimer This is always a tricky time of year. In the 10 weeks from mid-September to end-November, NZSA expects to cover around 70 shareholder meetings – around half of our annual coverage. This is not unusual. Each year, NZA undertakes a review of shareholder meetings with our 2022 review data showing that if anything,…
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Annual Meeting Report, September 19th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $2,045m $2,188m $2,730m 25% EBITDAF $463m $581m $841m 43% NPAT $141m $469m $103m -78% EPS1 $0.101 $0.335 $0.074 -78% PE Ratio 68 18 86 Capitalisation $9.5B $8.2B $8.9b 8% Debt Equity 0.91 1.03 0.94 -9%…
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Annual Meeting Report, September 20th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 ($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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