Scrip Articles

Focus on Australia: A positive outlook, but productivity still the weak link

There was plenty on offer for Kiwi investors at the recent Queensland Retirement Summit, hosted by the Australian Shareholders’ Association with support from the NZ Shareholders’ Association. This included a presentation from Bendigo Bank Chief Economist, David Robertson, that provided a solid overview of the Australian economy, useful for any New Zealand investor. The key…
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Syft Technologies Limited – 2025 Annual Meeting Report

Annual Meeting Report, September 24th 2025 Click Here for NZSA Assessment and Voting Intentions Syft Technologies Limited’s 2025 Annual Shareholder Meeting Metric 2021 (rest.) 2022 2023(rest.) 2024 2025 Change Revenue $28.8m $33.8m $17.3m $26.2m $23.6m -10% NPAT $0.8m $0.00 -$19.5m -$9.7m -$7.6m n/a EPS1 $0.011 $0.00 -$0.217 -$0.087 -$0.04 n/a Gross Profit Margin 46% 50%…
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Smartpay Holdings Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2022 (restated) 2023 (restated) 2024 2025 Change Revenue $33.9m $48.1m $77.8m $96.5m $105.5m 9% Operating Expenses $26.3m $37.9m $59.4m $75.3m $88.9m 18% NPAT -$15.2m $2.1m $8.5m $8.4m -$.7m n/a EBITDA $7.6m $10.2m $18.4m $21.3m $16.6m -22% Capitalisation $190.3m $155m…
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Kingfish Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 8th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $5.5m $9.3m 9.0m $10.1m $10.4m 3% Change in Investments $150.5m -$20m -$23.7m $16.7m $37.8m 126% NPAT $142.7m -$17.3m -$19.5m $19.9m $40.8m 1.3 Mkt Capitalisation $627m $517m $432.6m $422.4m $456m 8% Mgmt Fee…
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Opinion: Employee Ownership Pays the Price of Private Equity Playbook

NZSA Disclaimer Opinion: Employee Ownership Pays the Price of Private Equity Playbook Oliver Mander, CEO, NZ Shareholders Association In the world of corporate governance, we often speak of alignment between directors, shareholders and management. The natural tensions between that trinity represent a balancing act of key financial concepts – such as risk versus reward, or…
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Rakon Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $130.8m $173.6m $180.7m $128.4m $104.4m -19% Gross Margin 47% 53% 49% 45% 43% -4% Gross Profit $61.5m $91.6m $89.2m $58.2m $45.4m -22% NPAT $9.6m $33.1m $23.2m $4.5m -$5.8m n/a EPS $0.042 $0.145 $0.101…
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Third Age Health Services Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 26th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Capitalisation $21.9m $25.4m $13.3m $18.7m $43.74m 136% Revenue $5.5m $5.9m $11.3m $15.2m $19.1m 26% Gross Margin 63% 54% 51% 52% 3% NPAT $1.04m $1.2m $0.4m $1.4m $2.5m 79% EPS1 $0.107 $0.118 $0.041 $0.138 $0.249…
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Metro Performance Glass Limited – 2025 Special Meeting Report

Annual Meeting Report, August 26th 2025 Click Here for NZSA Assessment and Voting Intentions The company has experienced financial problems over the past few years with the market cap decreasing from $69.5 million in March 2021 to $10.6 million in March 2025 and net debt increasing from $48 million to $60.6 million over the same…
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Stride Property Group Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 29th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Operating Revenue $66.4m $89.0m $94.6m $98.8m $97.7m -1% Management Fees $24.2m $24.3m $23.3m $19.8m $20.4m 3% Gross Profit $40.4m $45.6m $53.5m $50.8m $49.3m -3% NPAT $131.9m $112.3m -$116.7m -$56.1m $21.7m n/a EPS1 $0.279 $0.208…
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Goodman Property Trust Limited – 2025 Annual Meeting Report

Annual Meeting Report, August 28th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Property Revenue $182.0m $187.8m $213.8m $244.1m $278.0m 14% Fair Value Movement $560.0m $660.4m -$237.7m -$478.4m $11.1m n/a NPAT $631.7m $748.6m -$135.4m -$564.9m $109.6m n/a EPS $0.454 $0.536 -$0.096 -$0.403 $0.073 n/a PE Ratio 5…
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