NZSA Disclaimer Branch Event Report – NELSON-TASMAN COMES OF AGE – WITH GUSTO! NZSA’s long-standing informal Nelson-Tasman group graduated to official Branch status this winter. This was great news for members who faced uncertainty when our convenor, Jean Gorman, recently retired for health reasons. Sincere thanks to Oliver Mander for his vision and to Wellington…
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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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