Scrip Articles

Focus on Australia: A positive outlook, but productivity still the weak link

There was plenty on offer for Kiwi investors at the recent Queensland Retirement Summit, hosted by the Australian Shareholders’ Association with support from the NZ Shareholders’ Association. This included a presentation from Bendigo Bank Chief Economist, David Robertson, that provided a solid overview of the Australian economy, useful for any New Zealand investor. The key…
Read more

Smartpay Holdings Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2022 (restated) 2023 (restated) 2024 2025 Change Revenue $33.9m $48.1m $77.8m $96.5m $105.5m 9% Operating Expenses $26.3m $37.9m $59.4m $75.3m $88.9m 18% NPAT -$15.2m $2.1m $8.5m $8.4m -$.7m n/a EBITDA $7.6m $10.2m $18.4m $21.3m $16.6m -22% Capitalisation $190.3m $155m…
Read more

Kingfish Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 8th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $5.5m $9.3m 9.0m $10.1m $10.4m 3% Change in Investments $150.5m -$20m -$23.7m $16.7m $37.8m 126% NPAT $142.7m -$17.3m -$19.5m $19.9m $40.8m 1.3 Mkt Capitalisation $627m $517m $432.6m $422.4m $456m 8% Mgmt Fee…
Read more

Opinion: Employee Ownership Pays the Price of Private Equity Playbook

NZSA Disclaimer Opinion: Employee Ownership Pays the Price of Private Equity Playbook Oliver Mander, CEO, NZ Shareholders Association In the world of corporate governance, we often speak of alignment between directors, shareholders and management. The natural tensions between that trinity represent a balancing act of key financial concepts – such as risk versus reward, or…
Read more

Rakon Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $130.8m $173.6m $180.7m $128.4m $104.4m -19% Gross Margin 47% 53% 49% 45% 43% -4% Gross Profit $61.5m $91.6m $89.2m $58.2m $45.4m -22% NPAT $9.6m $33.1m $23.2m $4.5m -$5.8m n/a EPS $0.042 $0.145 $0.101…
Read more

Stride Property Group Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 29th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $66.4m $89.0m $94.6m $98.8m $97.7m -1% Management Fees $24.2m $24.3m $23.3m $19.8m $20.4m 3% Gross Profit $40.4m $45.6m $53.5m $50.8m $49.3m -3% NPAT $131.9m $112.3m -$116.7m -$56.1m $21.7m n/a EPS1 $0.279 $0.208…
Read more

Goodman Property Trust Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Property Revenue $182.0m $187.8m $213.8m $244.1m $278.0m 14% Fair Value Movement $560.0m $660.4m -$237.7m -$478.4m $11.1m n/a NPAT $631.7m $748.6m -$135.4m -$564.9m $109.6m n/a EPS $0.454 $0.536 -$0.096 -$0.403 $0.073 n/a PE Ratio 5…
Read more

Infratil Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 19th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 ($m) 2022 ($m) 2023 ($m) 2024 ($m) 2025 ($m) Change Share Price $8.09 $7.70 $10.20 $10.64 $10.82 2% Revenue $1,242m $1,129m $1,845m $3,243m $3,852 19% NPAT (attributable) -$49.2m $1,169m $643.1 $854.0m -$286.3m n/a EPS -$0.068 $1.65 $0.89 $1.03 -$0.344…
Read more

Trade Window Holdings Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 22nd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $1.6m $3.9m $4.9m $6.2m $8.0m 30% EBIT -$6.9m -$11.2m -$14.1m -$9.1m -$3.4m n/a NPAT -$6.6m -$10.8m -$9.8m -$8.0m -$3.5m n/a EPS1 n/a -$0.125 -$0.087 -$0.063 -$0.027 n/a PE Ratio n/a n/a n/a n/a…
Read more

Promisia Health Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 26th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $6.0m $19.9m $23.9m $29.9m $38.1m 29% Fair value movements $1.3m $0.00 $0.00 $3.6m n/a n/a NPAT $0.49m $1.9m $0.7m $1.6m $6.8m 318% Capitalisation $42.6m $42.6m $21.4m $21.5m $21.3m -1% EPS $0.00 $0.00…
Read more