NZSA Disclaimer If there are two words that Fletcher Building investors never want to hear again, it is “significant items”. That won’t happen in FY25. The company had already booked impairments (Iplex) and a loss on disposal (TradeLink) at the half-year, back in February, totalling approximately $251m, followed by a further $12m – $15m earlier…
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NZSA Disclaimer There’s always plenty to say on environmental sustainability and its relationship to financial returns. On one hand, evidence tells us that increasingly, investors are wanting to ensure that their investments are not under any undue risks as a result of environmental sustainability issues. Most also want to ensure that they are supporting businesses…
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NZSA Company Visit to Precinct Properties Limited 18 March 2025 CEO Scott Pritchard’s presentation to NZSA members on our company visit to Precinct was so packed full of impressive facts and figures on Precinct’s performance that several attendees asked for copies of the presentation after the meeting finished. Feedback afterwards indicated that NZSA members who…
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Annual Meeting Report, May 30th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $335.2m $365.6m $365.6m $340.8m $350.6m 1% EBITDA $60.9m $52.5m $64.2m $54.6m $50.1m -8% NPAT $14.2m $34.4m $22.7m $12.2m -$16.0m n/a EPS1 $0.072 $0.174 $0.115 $0.066 -$0.085 n/a PE Ratio 19 5 10 13…
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Annual Meeting Report, May 23rd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 (restated) 2022 2023 2024 Change Revenue2 $245.7m $3.1m $88.2m $130.7m $139.8m 7% EBITDA2 $50.4m -$2.8m $57.5m $87.2m $95.1m 9% NPAT -$198.3m -$552.6m $11.9m $27.6m $13.9m -40% EPS1 -$0.63 -$1.49 $0.032 $0.064 $.034 -44% PE Ratio n/a n/a 47…
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NZSA Disclaimer The latest announcement came on Saturday May 24th, New Zealand time. “Trump threatens 50% EU tariff as talks hit wall” screamed the Fox News headline, quickly echoed on all major news networks in the US and around the world. It’s the latest in a blizzard of announcements from President Trump in his second…
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Annual Meeting Report, May 21st 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $87.5m $98.1m $135.1m $143m $150m 5% EBITDA -$11.4m $6.5m $10.6m $13.3m $21.6m 62% NPAT -$57.1m -$9.9m -$20.9m -$13.9m -$0.6m n/a Gross Profit Margin 57% 63% 63% 63% 60% -5% EPS1 -$0.226 -$0.042 -$0.092…
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Annual Meeting Report, May 7th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $1,413m $1,376m $1,317m $1,348m $1374m 2% NPAT1 $11.1m $8.8m -$0.9m -$46.6m -$9.9m n/a EPS1 $0.091 $0.072 -$0.045 -$0.417 -$0.131 n/a PE Ratio 32 39 n/a n/a n/a Capitalisation $348m $252m $227m $202m -11%…
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NZSA Disclaimer In a compelling and thought-provoking webcast hosted by the Institute of Directors (IoD), Kirsten Patterson (KP), Chief Executive of the IoD, welcomed Oliver Mander, Chief Executive of the New Zealand Shareholders’ Association (NZSA) in a candid conversation exploring the complex dynamics between boards, shareholders, and long-term corporate value creation. Mander opened the discussion…
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NZSA Disclaimer New Zealand investment commentators, shareholders and the media have commented at length on the situation at NZME over the last couple of months. That includes, of course, NZ Shareholders’ Association in our initial reaction to the removal of the existing Board proposed by 10% shareholder Jim Grenon, replaced by his proposed nominees as…
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