NZSA Disclaimer We’ve watched with ever-raising eyebrows as the governance dilemma at Sanford’s continues to unfold over the last fortnight. The latest in the saga is the release of the company’s Notice of Meeting (NoM) for its shareholder meeting, to be held in late December. The NoM includes a nomination for John Strowger as a…
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Annual Meeting Report, November 9th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Property Revenue $103.3m $113.6m $127.4m $150.5m 18% Net Property Income $100.1m $109.7m $123.0m $145.2m 18% Operating Profit $41.1m $51.1m $56.5m $69.5m 23% Revaluations $29.2m $267.4m $305.8m -$205.1m n/a NPAT $58.1m $278.4m $303.5m -$152.4m n/a EPS1…
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Annual Meeting Report, November 23rd 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $304.2m $305.4m $325.6m $381.4m 17% Gross Profit $153.7m $159.1m $151.0m $169.8m 12% NPAT $65.4m $62.2m $63.0m $64.8m 3% Gross Profit Margin 51% 48% 46% 45% -4% EPS1 $0.647 $0.615 $0.623 $0.641 3% PE Ratio…
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Annual Meeting Report, November 24th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 (rest.) 2022 2023 Change Retail Sales $3,173m $3,415m $3,294m $3,399m 3% Gross Profit $1,035m $1,241m $1,164m $1,137m -2% Operating Profit $90m $270m $159m $102m -36% NPAT2 $44m $108m $89.3m $29.9m -66% Gross Profit Margin 33% 36% 35% 33%…
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Annual Meeting Report, November 15th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Revenue $2,073m $2,573m $2,387m $2,118 -11% EBITDA $446m $553m $537m $505m -13% NPAT $125m $187m $182m $127m -30% EPS1 $0.174 $0.241 $0.233 $0.162 -31% PE Ratio 38 34 31 50 Capitalisation $4.8b $6.3b $5.6b 6.4b…
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Annual Meeting Report, November 21st 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $34.6m $30.7m $26.4m -14% Operating Costs $20.9m $19.6m $15.4m -21% Dep. and Amort. $12.9m $11.3m $8.4m -25% NPAT $0.8m -$19.1m -$0.2m n/a EPS1 $0.02 -$0.46 -$0.004 n/a PE Ratio 35 n/a n/a Capitalisation $29.0m $15.0m…
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Annual Meeting Report, November 21st 2023 Click here for NZSA Assessment and Voting Intentions This AGM was held virtual only. Disappointingly the video stream consisted only of the slides – which were few in number. There were no visuals of the speakers. Task is now solely ASX-listed although it continues to have a substantial NZ shareholder…
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Annual Meeting Report, November 8th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 Change Operating Revenue $152m $200m $200m $219m 9% Operating Income $106m $128m $129m $146m 13% Properties value gain -$66.3 $282.9 $19.4m -$257.1m n/a NPAT $30m $188m $110m -$153.1m n/a EPS1 $0.023 $0.129 $0.069 -$0.097 n/a PE…
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Annual Meeting Report, November 8th 2023 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 Change Revenue $51.4m $67.7m $97.8m 45% Operating Expenses $47.7m $63.8m $88.8m 39% Operating Income $2.6m $2.3m $2.2m -5% NPAT $4.1m $1.8m $4.2m 135% EPS1 $0.062 $0.027 $0.047 74% PE Ratio 10 25 20 Capitalisation $41.3m $43.6m $84.6m…
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Annual Meeting Report, November 13th 2023 Click here for NZSA Assessment and Voting Intentions Metric3 2020 (m) 2021 (m) 2022 (m) 2023 (m) Change Revenue $20,282 $20,565 $22,953 $24,658 7% Gross Profit $3,062 $2,984 $3,216 $4,259 32% NPAT $686 $578 $661m $1,241 88% Gross Margin 15% 15% 14% 17% 23% EPS1 $0.426 $0.358 $0.362 $0.98…
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