Annual Meeting Report, 29th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Operating Revenue $66.4m $89.0m $94.6m 6% Management Fees $24.2m $24.3m $23.3m -4% Gross Profit $46.5m $53.5m 15% NPAT $132.0m $112.3m -$116.7m n/a EPS1 $0.279 $0.208 -$0.215 n/a PE Ratio 9 8 n/a Capitalisation $967m $695m -28%…
Read more
Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Property Revenue $182.0m $187.8m $213.8m 14% Fair Value Movement $560.0m $660.4m -$237.7m n/a NPAT $631.7m $748.6m -$135.4m n/a EPS $0.454 $0.536 -$0.096 n/a PE Ratio 5 4 n/a Capitalisation $2,836m $3,074m 8% Debt Equity 0.29 0.32…
Read more
Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Rental Income $64.5m $67.9m $71.0m 5% Change in Valuation $139m $91.0m -$185.2m n/a NPAT $161.3m $118.2m -$150.2m n/a EPS $0.446 $0.321 -$0.408 n/a PE Ratio 5 5 n/a Capitalisation $578m $526m -9% Current Ratio 2.58 1.53…
Read more
On 16 May, our guest speaker was Dean Anderson, Founder and CEO of Kernel at the community meeting room of Trust Waikato at Little London Lane in Hamilton. This was the first trial of an afternoon meeting presentation because of the difficulties in reaching the caterer’s minimum numbers to make the evening meetings at the…
Read more
Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 (re-stated) 2023 Change Operating Revenue $234m $255.9m $259.1m 1% EBITDA $152m $154.7m $173.6m 12% Fair value gain/loss $99.8m $128m -$353m n/a NPAT $197m $224m -$228m n/a EPS $0.125 $0.143 -$0.145 n/a PE Ratio 10 7 n/a Capitalisation $1.57b…
Read more
Annual Meeting Report, 28th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Revenue $16.9m $18.9m $48.0m 154% NPAT -$28.7m -$36.0m -$30.5m n/a EPS -$0.266 -$0.30 -$0.25 n/a PE Ratio n/a n/a n/a Capitalisation $766m $438m $270m -43% Current Ratio 10.20 9.83 8.30 -16% Debt Equity 0.09 0.11 0.12…
Read more
Oscar Wilde knew all about conflicts of interest, whether he realised it or not. His play The Ideal Husband highlights a conflicted individual taking advantage of sensitive information for personal gain. Whether or not Wilde would have been in a position to write the current NZX policy settings related to Director Independence is a different…
Read more
Annual Meeting Report, 30th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 (restated) 2022 Change Revenue $0.1m $0.2m $0.1m -32% NPAT -$3.5m -$3.1m -$8.2m n/a Gross Margin n/a 36% n/a n/a Inventory Turnover n/a 9.84 n/a n/a EPS -$0.029 -$0.021 -$0.056 n/a PE Ratio n/a n/a n/a n/a Capitalisaion $39.9m…
Read more
Annual Meeting Report, 7th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $470.7m $514.6m $619.1m 20% EBITDA $56.7m $71.6m $68.5m -4% NPAT2 $21.0m $26.9m 19.4m -28% Gross Profit Margin 22% 22% 20% -8% Inventory Turnover 7.50 7.70 8.07 5% EPS12 $0.148 $0.189 $0.136 -28% PE Ratio 31…
Read more
Annual Meeting Report, 23rd June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 (period) 2022 2023 (6 Months) Change Rental Income $498k $8.2m $5.7m n/a EBITDA -$1.8m $2.6m $4.2m n/a NPAT $15.1m $39.7m $5.3m n/a Change in value prop $16.5m $35.3m $2.3m n/a EPS1 $0.191 $0.343 $0.038 n/a PE Ratio 6 3…
Read more
