Scrip Magazine Issue: April 2023

Property for Industry Limited – 2023 Annual Meeting Report

Annual Meeting Report, March 29th 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Operating Revenue $97.4m $108.6m $110.9m 2% Fair value adjustment $72.5m $392.5m -$56.7m n/a Total Income $176.1m $517.2m $73.3m -86% EBITDA $135.7m $472.8m -$6.5m n/a NPAT $113.4m $452.8m -$13.9m n/a EPS1 $0.224 $0.896 -$0.028 n/a Capitalisation $1,412m…
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Tower Limited – 2023 Annual Meeting Report

Annual Meeting Report, February 28th 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 (re-presented) 2023 Change Revenue $315.3m $327.9m $352.1m 7% Underwriting Profit $30.3m $22.5m $23.6m 5% NPAT2 $10.8m $19.3m $17.6m -6% EPS1 $0.027 $0.046 $0.047 2% PE Ratio 27 15 15 Capitalisation $286.7m $261.8m -9% Current Ratio 1.57 1.57 1.37…
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Gentrack Group Limited – 2023 Annual Meeting Report

Annual Meeting Report, February 23rd 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $100.6m $105.7m $126.3m 19% Operating Expense $93m $118.2m 27% EBITDA $12.1m $12.7m $8.1m -36% NPAT -$31.7m $3.2m -$3.3m n/a EPS1 -$0.321 $0.032 -$0.033 n/a PE Ratio n/a 54 n/a Current Ratio 1.28 1.53 1.56 2%…
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Lessons from Ryman Healthcare

First published in The Briefing (Feb 20th 2023) It’s been the beginning of redemption for Ryman Healthcare this week. Redemption is in the form of a long-expected capital raise, Ryman’s first since listing, with the aim of reducing it’s significant debt burden and strengthening the company’s balance sheet. We’re pleased to see that the company…
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