Scrip Magazine Issue: August 2023

Task Limited – 2023 Annual Meeting Report

Annual Meeting Report, 24th July 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Revenue $29.4m $32.8m $65.4m 99% Operating Expenses $36.9m $48.2m $58.8m 22% NPAT -$7.9m -$24.1m $0.4m n/a EPS1 -$0.046 -$0.068 $0.00 n/a PE Ratio n/a n/a 457 Capitalisation $97m $150m $167m 178% Current Ratio 4.84 1.34 1.55…
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EROAD Limited – 2023 Annual Meeting Report

Annual Meeting Report, 30th July 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Revenue $91.6m $114.9m $174.9m 52% Operating Expense $60.9m $93.9m $129.7m 38% Operating Margin 18% 26% 41% EBITDA $30.7m $21.0m $45.2m 115% NPAT $2.0m -$9.6m -$3.0m n/a EPS $0.024 -$0.087 -$0.027 n/a PE Ratio 257 n/a n/a…
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Smartpay Holdings Limited – 2023 Annual Meeting Report

Annual Meeting Report, 27th July 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2022 (restated) 2023 Change Revenue $33.9m $48.1m $77.8m 62% Operating Expenses $26.3m $37.9m $59.4m 54% NPAT -$15.2m $2.1m $6.7m 208% EBITDA $7.6m $10.2m $18.4m 81% Capitalisation $190.3m $155m $446m 188% EPS1 -$0.065 $0.009 $0.028 208% PE Ratio n/a 56…
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Syft Technologies Limited – 2023 Special Meeting Report

Special Meeting Report, 21st July 2023 Click here for NZSA Assessment and Voting intentions Syft Technologies Ltd (USX:SYF) is listed on the Unlisted Securities Exchange (USX).  Syft is a leading provider of Selected Ion Flow Tube Mass Spectrometry (SIFT-MS), with its trace gas analysis machines.  Syft grew out of research at the University of Canterbury…
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Arvida Limited – 2023 Annual Meeting Report

Annual Meeting Report, 21st July 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Operating Revenue $174.4m $201.7m $221.9m 10% Operating Expenses $169.3m $211.2m $238.8m 13% Change in Fair Value $123.5m $159.0m $80.4m -49% NPAT $131.1m $198.8m $82.5m -59% EPS $0.242 $0.276 $0.114 -12% PE Ratio 8 6 10 Capitalisation…
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Are retirement operators pulling the wool over our eyes?

The retirement sector offers numerous investment options, including six NZX listings: Ryman Healthcare (RYM), Summerset (SUM), Oceania Healthcare (OCA), Arvida (ARV), Radius Care (RAD), and Promisia (PHL). So it was a pleasure for NZSA’s Auckland Branch to host Arie Dekker, Head of Institutional Research at Jarden, at its recent branch meeting. Arie covers the Retirement…
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Trust in tax. Or would you prefer a pie?

After the well-publicised events of the last week, taxation is shaping up to be a major issue for New Zealanders heading into October’s election. Nonetheless, buried within the hype and commentary surrounding PM Hipkins’ ruling out of capital gains and wealth taxes, there was reference to a much-less publicised event – an upcoming increase in…
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Capital Markets – is our Companies Act holding us back?

I remember when the new look Companies Act came into force. It turned out that 1993 would be my last year at university, forgoing the opportunity to continue completion of a Law/Commerce double degree in favour of testing my mere B.Com credentials. Even back then, I questioned the value of civil remedy that could only…
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Waikato Branch Report – Presentation by Pip Greenwood

22nd June 2023 On 22 June, our guest speaker was Pip Greenwood , a highly regarded board chair and director.  Pip has been Chair of Westpac New Zealand since October 2021.  Pip is also Chair of A2 Milk, a director of Fisher and Paykel Healthcare, and a Trustee of the Auckland Writers’ Festival.  She has…
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Pharmazen Limited – 2023 Annual Meeting Report

Annual Meeting Report, 19th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Operating Revenue $21.5m $20.5m $24.6m 20% Cost of Sales $12.0m $14.0m $16.3m 16% NPAT $3.8m -$.8m $0.8m n/a Gross Profit Margin 44% 31% 34% 7% Inventory Turnover 4.63 3.52 3.62 3% EPS1 $0.018 -$0.004 $0.004 n/a…
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