Early on June 22nd, EROAD (NZX: ERD) notified the market that it had received a non-binding indicative offer (NBIO) from Toronto-listed Constellation Software (via Australian-based Volaris Group) for the entire company at a value of $1.30 per share. That represents a significant premium to the closing price of prior days trading of $0.77, but does…
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Annual Meeting Report, 21st June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Revenue $1,413m $1,376m $1,317m -4% NPAT1 $11.1m $8.8m -$0.9m n/a EPS1 $0.091 $0.072 -$0.045 n/a PE Ratio 32 39 n/a Capitalisation $348m $252m -27% Current Ratio 1.39 1.40 1.56 11% Debt Equity 0.89 0.72 0.88 23%…
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In recent weeks, the Michael Wood saga has been well-covered by local media. Scratch below the surface, however, and there is a clear impact on the interests of investors from unconscious bias in the rhetoric that has since emerged. As investors and New Zealanders, we need MP’s to understand capital markets. Their active participation in…
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Annual Meeting Report, 20th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 2023 Change Operating Revenue $133.5m $131.6m $144.5m 10% Revaluations Gains $157.6m $163.6m -$146.5m n/a NPAT $241.7m $236.1m -$80.8m n/a EPS1 $0.288 $0.279 -$0.095 n/a PE Ratio 5 4 n/a Capitalisation $1,050m $923m -12% Current Ratio 4.97 1.10 0.56…
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Annual Meeting Report, 14th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 2021 2022 Change Revenue $172m $164.8m $144.2m -12% Hotel Revenue $64.1m $55.2m $65.2m 18% NPAT1 $46.0m $40.0m $21.7m -46% EPS1 $0.29 $0.253 $0.137 -46% PE Ratio 8 9 16 Capitalisation $266m $226m -15% Current Ratio 7.97 5.9 6.78 15%…
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Announcements regarding capital markets policy rarely incite much excitement amongst retail investors. Whether you’re experienced or inexperienced as an investor, it can be hard to relate to the introspective, jargon-filled discussions that create the rules of the game when it comes to investing in New Zealand’s public capital markets. It’s ironic, really, when you consider…
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Annual Meeting Report, 14th June 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 (7 Months) 2022 2023 Change Revenue $95.2m $174.5m $167.1m -4% NPAT -$7.1m -$73.2m $1.9m n/a EPS -$0.05 -$0.052 $0.003 n/a Gross Margin 15% 7% 18% -51% Inventory Turnover 2.53 4.61 5.12 11% PE Ratio n/a n/a 60 n/a Capitalisation…
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Annual Meeting Report, June 6th 2023 Click here for NZSA Assessment and Voting intentions Metric 2021 2022 (restated) 2023 Change Revenue $103m $44.0m $59.5m 35% EBITDA $3.1m $7.1m 130% Gross Profit Margin 7% 12% 70% NPAT $7.6m $0.3m -43.8m n/a EPS $0.054 $0.002 -$0.275 n/a PE Ratio 19 161 n/a Capitalisation $122.9m $97.3m -21% Current…
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The annual shareholder meeting – formerly the AGM (annual general meeting) – has always been the most carefully scripted event on a company’s calendar. As a former PR fixer, I’ve been involved in my fair share of them. I recall one company advising they’d chosen a local theatre for their annual meeting because “the seats…
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Annual Meeting Report, May 23rd 2023 Click here for NZSA Assessment and Voting intentions Metric 2020 AUD 2021 AUD 2022 AUD Change Revenue $3,224m $4,557m $5,168m 13% EBITDA $266m $312m $414m 33% NPAT $24m -$5m $191.2m n/a EPS1 $0.045 $0.023 $0.22 881% PE Ratio 39 121 11 Capitalisation $2,224m $2,199m -1% Current Ratio 1.02 0.81…
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