A perspective from Joshua Woo of JW Legal Direct listing is becoming a common way for companies to get listed on the NZX Main Board. The post listing conduct of these companies are also becoming topical. I have attempted to set out below what’s involved in a direct listing on the NZX, focussing on the…
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Blair Harrison is a Senior Manager within the ASX Listings team and he heads the ASX New Zealand office which is based in Auckland. While New Zealand is considered one of the easiest places to start a company , most company owners will eventually want to expand their horizons to access bigger markets and more…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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%…
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