Annual Meeting Report, April 26th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Operating Revenue $172.4m $205.3m $238.7m 16% Fair Vale Movement $222.1m $540.9m $268.8m -50% NPAT $230.8m $543.6m $225.4m -49% EPS1 $1.01 $2.36 $1.16 -51% PE Ratio 12 5 8 Capitalisation $2,751m $2,687m $2,019m -25% Current Ratio 0.33…
Read more
Special Meeting Report, April 28th 2023 Click here for NZSA Assessment and Voting intentions This special meeting was held to approve, through eight resolutions each dependant on the others, the acquisition/merger of unlisted cannabis producer, Equalis. Both companies operate in a similar space and were considered, for the purpose of the merger, as equal in…
Read more
Director independence always has the potential to be a fraught topic of conversation, especially when it comes to the Board Members of our listed issuers. NZSA expects a majority of independent directors on a company’s Board, regardless of ownership structure, to ensure effective representation for shareholder interests. After all, an independent director is bound to…
Read more
Special Meeting Report, April 27th 2023 Click here for NZSA Assessment and Voting intentions This meeting was called to consider a revised offer of NZ$1.42 per share from Pegasus Bidco Limited a company that will be ultimately owned by the Sixth Street and BGH Capital Consortium. Sixth Street is the largest shareholder with 20% of…
Read more
Annual Meeting Report, April 26th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $335.2m $365.6m $365.6 0% EBITDA $60.9m $52.5m $64.2m 22% NPAT $14.2m $34.4m $22.7m -34% EPS1 $0.072 $0.174 $0.115 -34% PE Ratio 19 5 10 Capitalisation $288m $217m -25% Current Ratio 0.93 0.87 0.92 6% Debt…
Read more
Special Meeting Report, April 21st 2023 Click here for NZSA Assessment and Voting intentions MHM operates under five brands: The resolutions before the meeting effectively provided for a merger of MHM and Wyma Engineering (NZ) Limited. Wyma is a Christchurch based company that designs and supplies post-harvest solutions for the vegetable and fruit handling sectors. …
Read more
Annual Meeting Report, April 19th 2022 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $78.4m $88.0m $95.7m 9% EBITDA $34.4m $34.4m $35.1m 2% NPAT $17.6m $15.0m $14.2m -6% EPS1 $0.063 $0.053 $0.045 -16% PE Ratio 31 26 27 Capitalisation $546m $396m $384m -3% Current Ratio 1.29 1.61 0.85 24%…
Read more
Annual Meeting Report, March 29th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Operating Revenue $97.4m $108.6m $110.9m 2% Fair value adjustment $72.5m $392.5m -$56.7m n/a Total Income $176.1m $517.2m $73.3m -86% EBITDA $135.7m $472.8m -$6.5m n/a NPAT $113.4m $452.8m -$13.9m n/a EPS1 $0.224 $0.896 -$0.028 n/a Capitalisation $1,412m…
Read more
Annual Meeting Report, February 28th 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 (re-presented) 2023 Change Revenue $315.3m $327.9m $352.1m 7% Underwriting Profit $30.3m $22.5m $23.6m 5% NPAT2 $10.8m $19.3m $17.6m -6% EPS1 $0.027 $0.046 $0.047 2% PE Ratio 27 15 15 Capitalisation $286.7m $261.8m -9% Current Ratio 1.57 1.57 1.37…
Read more
Annual Meeting Report, February 23rd 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $100.6m $105.7m $126.3m 19% Operating Expense $93m $118.2m 27% EBITDA $12.1m $12.7m $8.1m -36% NPAT -$31.7m $3.2m -$3.3m n/a EPS1 -$0.321 $0.032 -$0.033 n/a PE Ratio n/a 54 n/a Current Ratio 1.28 1.53 1.56 2%…
Read more
