NZSA Disclaimer Why Tony Gibson should not have been re-elected as a Director of Marsden Maritime Holdings. It is inconceivable and unconscionable that former Ports of Auckland Chief Executive Officer, Tony Gibson, should be considered worthy of a directorship just months out of a landmark guilty verdict in relation to health and safety. Once found…
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Annual Meeting Report, December 16th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 (15 months) 2023 2024 Change Revenue $0.6m $1.1m $8.3m $7.9m $5.0m -36% Gross Profit $0.5m $0.7m $3.1m $3.1m $2.2m -28% NPAT -$4.9m -$2.8m -$19.5m -$10.4m -$11.3m n/a EPS1 -$0.014 -$0.007 -$0.015 -$0.008 -$0.21 n/a Inventory Turnover 0.63…
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Annual Meeting Report, November 9th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $801.5m $922.8m 980.0m $1,103m $979m -11% EBITDA $149.5m $208.0m $180.0m $200.1m $107.2m -46% NPAT $8.9m $63.4m $36.8m $36.7m -$48.3m n/a GP Margin 58% 59% 59% 59% 59% n/c Inventory Turnover 1.90 1.71 1.57…
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Annual Meeting Report, October 30th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $57.5m -$32.6m $43.6m $33.1m -24% Change in fair value $53.9m -$36.4m $39.6m $28.9m -27% NPAT $52.3m -$34.6m $38.3m $28.1m -27% EPS1 $0.245 -$0.129 $0.139 $0.099 -29% PE Ratio 4 n/a 5 7 Capitalisation $218m…
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Special Meeting Report, December 13th 2024 Click here for NZSA Assessment and Voting Intentions Only 14 attended this meeting, even though there was no online alternative! The Chair, Shane Edmond noted that proxies had been received for 72% of the shares with the vast majority in favour of the two resolutions. He opened the resolutions…
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Annual Meeting Report, December 6th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $31.2m $32.5m $36.6m $36.7m $35.4m -4% EBITDA $7.2m $7.6m $8.1m $7.5m $6.5m -14% NPAT $2.9m $3.3m $2.2m $2.2m $0.7m -68% EPS1 $0.033 $0.034 $0.023 $0.022 $0.007 -67% PE Ratio 25 27 22 18…
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Annual Meeting Report, November 27th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $111m $111.6m $95.5m $89.6m $80.3m -10% Gross Profit $22.8m $31.4m $29.7m $24.7m $19.5m -21% NPAT -21.5m $1.7m $2.2m $10.7m $4.6m -57% Gross Profit Margin 19% 28% 31% 28% 24% -12% Inventory Turnover 2.39…
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Annual Meeting Report, November 28th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $480.3m $600.6m $589.7m $479.2m -19% Cost of Sales $381.9m $465.5m $464.7m $375.0m -19% Gross Profit Margin 20% 22% 21% 22% 3% Gross Profit $19.9m $47.1m $30.8m $9.6m -69% NPAT $16.1m $30.2m $17.0m $2.6m -84%…
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Annual Meeting Report, November 27th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Operating Revenue $14.4m $16.1m $18.7m $20.8m $21.9m 5% Operating Profit $1.6m $0.6m -$1.8m -$2.5m -$0.3m n/a NPAT $1.3m $1.1m -$1.8m -$10.8m -$0.046m n/a EPS1 $0.084 $0.068 -$0.59 -$0.000 n/a PE Ratio 12 27 N/A…
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Annual Meeting Report, November 27th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $304.2m $305.4m $325.6m $381.4m $378.3m -1% Gross Profit $153.7m $159.1m $151.0m $169.8m $149.9m -12% NPAT $65.4m $62.2m $63.0m $64.8m $31.4m -52% Gross Profit Margin 51% 48% 46% 45% 40% -11% EPS1 $0.647 $0.615…
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