Metro Performance Glass Limited Annual Meeting Report, August 9th 2022 Click here for NZSA Assessment and Voting intentions As I arrived at this meeting, NZSA life member, Bruce Sheppard pulled up on his bicycle having pedalled out to Ellerslie from the city. He didn’t seem at all puffed by his exertions as he figuratively rode…
Read more
This year sees the New Zealand Private Capital Association celebrate its 20th year representing the country’s private equity and venture capital industries. A worthy celebration indeed, notwithstanding that each of the founding firms of New Zealand’s private equity industry, Direct Capital and Pencarrow, date their origins back to the mid-1990s with the establishment of managed…
Read more
The Bouquets As a general comment – we would LOVE more of these! If you think a company or organisation is doing something that helps shareholders, let me know at ceo@nzshareholders.co.nz. We’re noting that many companies are making relatively simple changes to improve their disclosures, following on from the commentary provided by NZSA as to…
Read more
The Brickbats If you want to highlight something about corporate behaviour in New Zealand, please let me know! A simple email to ceo@nzshareholders.co.nz will do the trick. At NZSA, we’re not convinced that share buybacks add value for shareholders, although they make some sense if the shares bought are utilised within Exec incentive share schemes…
Read more
AFT Pharmaceuticals Limited Annual Meeting Report, August 5th 2022 Click here for NZSA Assessment and Voting intentions The company had another record year continuing to grow even in these uncertain times. It now has a defensible Australasian business with 130 products in 6,000 pharmacies. If results continue it will pay a maiden dividend in FY2023.…
Read more
Kingfish Limited Annual Meeting Report, August 5th 2022 Click here for NZSA Assessment and Voting intentions Kingfish (NZX: KFL) is a rare breed on the NZX – an actively managed Listed Investment Company (LIC) with a scope to invest in companies listed on the NZX. For investors, it offers a tax-efficient mechanism, to participate easily…
Read more
Rangatira Limited Special Meeting Report, July 7th 2022 Click here for NZSA Assessment and Voting intentions Rangatira is listed on the Unlisted exchange (USX: RNG) as a dual-class share (‘A’ and ‘B’ shares). The company has a long history, being originally founded by JR McKenzie (of McKenzie & Willis) in 1937. The JR McKenzie Trust…
Read more
Pacific Edge Limited Annual Meeting Report, July 28th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($m) 2021 ($m) Change Revenue $13.9m $10.4m 49% Operating Expenses $33.7m $24.7m 37% NPAT -$19.8m -$14.2m n/a EPS -$0.024 -$0.0195 n/a PE Ratio n/a n/a Current Ratio 18.43 6.37 190% Debt Equity 0.06 0.24 -74%…
Read more
Mid-Year Dinner / Annual Meeting – Waikato Branch Waikato Branch Event, July 12, 2022 On 12 July, our guest speaker at the Mid-Year Dinner / Annual Meeting was Sinan Altug, the CEO of Rakon. Also present was Anand Rambhai, the Chief Financial Officer. Rakon makes frequency control products that provide the ‘heart beat’ in electronic…
Read more
Mainfreight Limited Annual Meeting Report, July 28th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($m) 2021 ($m) Change Market Capitalisation $7.0b $8.1b -13% Revenue $5,218m $3,543m 47% NPAT $355.4m $188.1m 89% EPS1 $3.53 $1.87 89% PE Ratio 20 41 Current Ratio 1.17 1.08 8% Debt Equity 1.12 1.23 -9% Operating…
Read more
