NZSA Disclaimer The recent announcement of the long awaited capital raise by Synlait represents an effective end-game for the future of Synlait as a listed investment opportunity for New Zealand shareholders. There is no doubt that a capital raise is required, as part of a wider restructure of a balance sheet that has is punch-drunk…
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NZSA Disclaimer The appointment of Andrew Reding as CEO of Fletcher Building Limited (FBU) is cause for celebration. However, this event may signify something more profound – a pattern that speaks to the core of New Zealand’s identity and values. Andrew Reding, John Hawkins, and I, Bruce Sheppard, share a remarkable commonality. We are all…
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Annual Meeting Report, August 8th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Operating Revenue $5.5m $9.3m 9.0m $10.1m 12% Change in Investments $150.5m -$20m -$23.7m $16.7m n/a NPAT $142.7m -$17.3m -$19.5m $19.9m n/a Mkt Capitalisation $627m $517m $432.6m $422.4m -2% Mgmt Fee (cps) 1.82cps 1.67cps 1.06cps 1.66cps…
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Annual Meeting Report, August 2nd 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 (re-stated) 2024 Change Capitalisation $221m $248m $296m $307m 4% Revenue $123.8m $132.6m $108.3m $106.5m -2% NPAT $11.7m $10.0m $26.2m $17.4m -34% Attributable to Equity holders $9.9m $9.1m $20.4m $16.2m -20% EPS $0.557 $0.515 $0.974 $0.772 -20% PE…
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Annual Meeting Report, August 6th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $126.0m $136m $150m $174m 16% NPAT $1.7m $2.7m -$2.1m -$8.5m n/a EPS1 $0.01 $0.01 -$0.007 -$0.03 n/a PE Ratio 61 35 n/a n/a Capitalisation $104.1m $94.2m $58.4m $34.2m -41% Current Ratio 0.69 0.73 0.61…
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Annual Meeting Report, August 1st 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Operating Revenue $455m $507.8m $571.0m $665.4m 17% Fair Value Movement $417m $746m $431.5m $179.5m -58% Total Revenue $872.6m $1,254.7m $1,002m $845.0m -16% NPAT $423m $692.8m $257.8m $4.8m -98% EPS $0.864 $1.39 $0.375 $0.007 -98% PE…
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Annual Meeting Report, August 1st 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 (restated) 2023 2024 Change Revenue $570.4m $478.1m $493.6m $503.9m 2% NPAT1,2 $21.0m $33.8m $50.5m $15.5m -69% Profit attributable to shareholders $16.8m $23.9m $45.2m $11.8m -74% EPS $0.117 $0.167 $0.315 $0.082 -74% PE Ratio 10 7 5 12 Current…
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Annual Meeting Report, August 2nd 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $113.1m $130.3m $156.6m $195.4m 25% NPAT $7.9m $19.8m $10.6m $15.6m 47% EPS $0.074 $0.19 $0.102 $0.149 47% Inventory Turnover 2.28 2.04 2.20 2.34 6% Gross Margin 43% 47% 47% 45% -3% PE Ratio 60…
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NZSA Disclaimer Branch Event Report – talk by Richard Muth – Findex Taxation of Investments, Foreign Investment Structures, Traders vs Capital, August 2024 There was a reasonable turnout for this talk by Richard Muth on the dry subject of taxation of investments, with particular emphasis on foreign investments. Richard is a taxation specialist with Findex…
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Annual Meeting Report, August 16th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 (rest) 2022 2023 2024 Change Share price $1.33 $0.83 $0.19 $0.155 Revenue $190.7m $193.9m $175.7m $162.2m -8% NPAT 1 $16.5m $20.0m $7.9m $6.0m -23% EPS 1 $0.068 $0.083 $0.032 $0.025 -23% PE Ratio 1 19 10 6 6 Capitalisation $322m $201m $46m…
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