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 -$0.0195 n/a PE Ratio n/a n/a Current Ratio 18.43 6.37 190% Debt Equity 0.06 0.24 -74%…
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Mid-Year Dinner / Annual Meeting – Waikato Branch Waikato Branch Event, July 12, 2022 On 12 July, our guest speaker at the Mid-Year Dinner / Annual Meeting was Sinan Altug, the CEO of Rakon. Also present was Anand Rambhai, the Chief Financial Officer. Rakon makes frequency control products that provide the ‘heart beat’ in electronic…
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Mainfreight Limited Annual Meeting Report, July 28th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($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 $1.87 89% PE Ratio 20 41 Current Ratio 1.17 1.08 8% Debt Equity 1.12 1.23 -9% Operating…
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Ryman Healthcare Limited Annual Meeting Report, July 28th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($m) 2021 ($m) Change Capitalisation $4.53B $6.5B -30% Operating Revenue $507.8m $455m 12% Fair Value Movement $746m $417m 79% Total Revenue $1,254.7m $872.6m 44% NPAT $692.8m $423m 64% EPS1 $1.39 $0.864 64% PE Ratio 7 16…
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EROAD Limited Annual Meeting Report, July 27th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($m) 2021 ($m) Change Capitalisation $178m $500m -64% Revenue $114.9m $91.6m 25% Operating Expense $93.9m $60.9m 54% EBITDA $21.0m $30.7m -32% NPAT -$9.6m $2.0m n/a EPS1 -$0.087 $0.024 n/a PE Ratio n/a 257 Current Ratio 0.93…
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Green Cross Health Limited Annual Meeting Report, July 25th 2022 Click here for NZSA Assessment and Voting intentions Metric 2022 ($m) 2021 ($m) Change Revenue $670.3m $570.4m 18% NPAT $33.8m $21.0m 60% Profit for shareholders $24.6m $16.8m 47% EPS1 $0.171 $0.117 46% PE Ratio 7 10 Current Ratio 0.93 0.89 5% Debt Equity 1.35…
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