Annual Meeting Report, August 24th 2022 Click here for NZSA Assessment and Voting intentions Metric 2002 ($USm) 2021 ($USm restated) Change Revenue $47.6m $43.6m 9% NPAT $1.7m $3.2m -47% Underlying EBITDA2 $10.1m $7.4m 36% EPS1 $0.003 $0.006 -47% Capitalisation $112.8m $149.8m -25% PE Ratio 42 33 Current Ratio 5.08 3.33 53% Inventory Turnover 0.96 …
Read more
Annual Meeting Report, August 10th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 2021 Change Revenue $39.7m $22.3m 78% Gross Profit $30.3m $15.5m 95% NPAT -$8.4m -$19.2m n/a Gross Profit Margin 76% 69% 10% EPS1 -$0.024 -$0.064 n/a PE Ratio n/a n/a Current Ratio 11.90 3.19 273% Debt Equity 0.12 0.36 …
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. Promisia Healthcare (NZX: PHL) has re-invented itself over the last couple of years. On the eve of their Annual Meeting (held on Aug 19th), however, the company announced…
Read more
NZSA: 2022 Annual General Meeting Save the date! The NZSA 2022 Annual General Meeting is coming up soon. When: September 14th 2022, 7:30pmWhere: Alexandra Park, Greenlane, Auckland The AGM will be followed by the Auckland Branch Event, featuring The Warehouse Group (WHS) Chair, Joan Withers, and refreshments. Over the next few weeks, we’ll be issuing…
Read more
Welcome to the August 2022 edition of Scrip. We’re really pleased to have contributions in this edition from three different perspectives, highlighting potential pathways for companies to list and create their relationships with retail investors. Our thanks to Joshua Woo (JW Legal), Gavin Lonergan (Direct Capital) and Blair Harrison (ASX) for the time and thought…
Read more
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…
Read more
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…
Read more
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
