NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. He has been a member of the NZ Shareholders’ Association since February 2024. Curious News supplies the NZ Shareholders’ Association with a weekly column. The Financial Markets Authority was forged in fire. In…
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NZSA Disclaimer We wrote recently about the changes we wanted to see at New Zealand’s financial regulator. We supported new leadership with the capability to drive cultural transformation at the FMA and bolster market confidence. Last week, we learned about the appointment of both James Miller (Chair) and Trevor Janes to the FMA Board. NZ…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. He has been a Spark mobile and broadband customer since 2021. Spark New Zealand finally got down to the nuts and bolts of its back-to-basics strategy outlined last year in separating its broadband…
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Annual Meeting Report, Apr 15th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $309.6m $348.4m $300.9m $411.4m $439.6m 7% EBITDA $56.8 $46.1m $26.0m $76.1m $95.9m 26% Gross Profit Margin 24% 20% 16% 26% 29% 12% NPAT $14.9 $6.5m -$14.5m $8.8m $31.9m 265% EPS $0.37 $0.155 -$0.345…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. KiwiSaver continues to be very much embroiled in a turf war. The reason is simple – more funds under management equals more management fees for the well-heeled individual making the big investment calls…
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NZSA Disclaimer Paul McBeth is the editor of The Bottom Line and Curious News, and previously worked at BusinessDesk for 15 years. The government wants to know what will bring down the cost of capital. Commerce minister Cameron Brewer was unequivocal in his goal for the long-awaited second tranche of capital markets reform for the…
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Annual Meeting Report, June 23rd 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 2024 2025 2026 Change Operating Revenue $131.6m $144.5m $153.2m $155.7m $159.8m 3% Revaluation Gains $163.6m -$146.5m -$112.7m $72.7m $58.5m -20% NPAT $236.1m -$80.8m -$55.3m $125.9m $127.7m 1% EPS1 $0.279 -$0.095 -$0.065 $0.149 $0.146 n/c PE Ratio 4 n/a…
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Annual Meeting Report, May 20th 2026 Click here for NZSA Assessment and Voting Intentions Metric 2022 2023 (6 months) 2024 2025 2026 Change Rental Income $8.2m $5.7m $15.4m $19.9m $22.3m 12% EBITDA $2.6m $4.2m $12.5m $16.1m $17.4m 8% NPAT $39.7m $5.3m $10.9m $23.1m $7.9m -66% Change in prop value $35.3m $2.3m $7.4m $23.9m -$0.2m n/a…
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NZSA Disclaimer There have been some interesting changes in relativity between some of New Zealand’s best known Growth funds over recent weeks. Growth funds, whether KiwiSaver or retail managed funds, are a staple diet for many long-term investors. Often, movements in fund unit prices are similar – unsurprising in the context of a typical growth…
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NZSA Disclaimer It has been a tough post-Covid reality check for the New Zealand economy, an underlying theme that is reflected in the performance of many of our consumer-facing listed companies. Many local companies remembered the difficulty they had in attracting staff in earlier periods during periods of economic benevolence, following cutbacks made during economic…
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