Standard and Poors (S&P) are the company behind many of the stock market indices that are used as benchmarks for portfolio performance – including our own local S&P NZ50 Index. Recently, Anu Ganti, Senior Director, Index Investment Strategy was in New Zealand – and I went along to have a listen. S&P’s role in setting…
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Annual Meeting Report, May 25th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $87.5m $98.1m $135.1m 38% EBITDA -$11.4m $6.5m $10.6m 63% NPAT -$57.1m -$9.9m -$20.9m n/a Gross Profit Margin 57% 63% 63% n/c EPS1 -$0.226 -$0.042 -$0.092 n/a PE Ratio n/a n/a n/a Capitalisation $428m $322m -25%…
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Annual Meeting Report, May 24th 2023 Click here for NZSA Assessment and Voting intentions Meric 2020 2021 2022 Change Revenue $36.9m $64.2m $74.3m 16% NPAT -$2.2m $5.4m $3.3m -40% Gross Profit Margin 29% 28% 28% n/c Inventory Turnover 6.41 11.56 7.97 -31% EPS1 -$0.005 $0.013 $0.08 -40% PE Ratio n/a 12 13 Market Capitalisation $65.6m…
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Annual Meeting Report, May 18th 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Revenue $701.8m $744.4m $785.9m 6% Gross Profit $307.1m $340.6m $345.9m 2% NPAT $73.2m $87.9m $88.4m 1% Gross Profit Margin 44% 46% 44% -4% EPS1 $0.329 $0.395 $0.397 1% Market Capitalisation $1,336m $1,020m -24% Inventory Turnover 4.41…
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Annual Meeting Report, April 27th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 (restated) 2022 Change Revenue2 $245.7m $3.1m $88.2m 2753% EBITDA2 $50.4m -$2.8m $57.5m n/a NPAT -$198.3m -$552.6m $11.9m n/a EPS1 -$0.63 -$1.49 $0.032 n/a PE Ratio n/a n/a 47 Capitalisation $376m $562m 49% Current Ratio 1.25 0.65 0.55 -16%…
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Annual Meeting Report, May 18th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $925m $1,114m $1,298m 16% Gross Profit $163m $202m $221m 9% NPAT $30.9m $51.8m $32.1m -38% Gross Profit Margin 18% 18% 17% -6% Inventory Turnover 52.49 46.95 45.45 -3% EPS1 $0.248 $0.416 $0.257 -38% Capitalisation $1,746m…
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Annual Meeting Report, May 11th 2023 Click here for NZSA Assessment and Voting intentions As Chair, Craig Stobo, explained to one shareholder who asked one of only three questions put to this meeting, an on-line only version was the most appropriate medium for the business at hand at this special shareholder meeting. Just 26…
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The recent report by NZ Treasury, which concluded that the wealthiest families paid only 8.9% of their economic income in tax, has received wide publicity – however, there has been little critique or factual knowledge of the current tax system, which is generally fair and easy to administer. According to NZ and Australian tax rules,…
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This time last year, NZSA prepared a summary of shareholder meetings that had occurred during 2021 – and what that implied for both the workload and the time travel requirements of retail investors. We learnt that most meetings occurred in a relatively narrow window between mid-September and late-November, that 35 days had more than one…
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There is something about the dairy sector that seems to make it very difficult for issuers to get their timelines straight when it comes to forecasts. Investors might remember the issues associated with the a2 Milk Company and its revised guidance disclosures way back in 2020. The share price has never quite been the same…
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