Scrip Magazine Issue: August 2024

Channel Infrastructure Limited – 2025 Annual Meeting Report

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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Navigating Trump’s Tariffs: Challenges and Opportunities for NZ Investors

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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Vista Group Limited – 2025 Annual Meeting Report

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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T&G Global Limited – 2025 Annual Meeting Report

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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A Boardroom Reality Check – Oliver Mander and Kirsten Patterson Discuss Capital Management, Governance and Shareholder Value

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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An outbreak of peace in the Boardroom

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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Difficulties facing FNZ employee-shareholders: what we can learn as investors?

NZSA Disclaimer FNZ should be a New Zealand success story. FNZ is a New Zealand-developed business that has gone on to challenge global practices. As FNZ proclaims, its employees have been the key to its success, with the company lauding the involvement of its “extraordinary FNZ’ers” within its ownership structure. It is that relationship with…
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Summerset Limited – 2025 Annual Meeting Report

Annual Meeting Report, April 22nd 2025 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $172.4m $205.3m $238.7m $272.2m $319.9m 10% Fair Value Movement $222.1m $540.9m $268.8m $441.6m $372.6m -16% NPAT $230.8m $543.6m $225.4m $436.3m $339.8m -22% EPS1 $1.01 $2.36 $1.16 $1.86 $1.435 -23% PE Ratio 12 5…
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Waikato Branch Event Report – Marcus Driller of Fisher and Paykel Healthcare. 

NZSA Disclaimer Branch Event Report, April 15th 2025 On April 15th, our guest speaker was Marcus Driller of Fisher and Paykel Healthcare. Marcus joined the company in 2009 from Russell McVeagh, where he specialised in corporate and commercial law, and since that time has held several roles in legal, investor relations, and communications and most recently…
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A Sector at the Crossroads

NZSA Disclaimer New Zealand’s Energy Giants Outline Ambitious Renewable Transition Strategy In a groundbreaking panel discussion hosted by the New Zealand Shareholders’ Association Top executives from the country’s major electricity generators revealed a comprehensive vision for New Zealand’s energy future, highlighting both the opportunities and challenges of decarbonisation. The panel, featuring CEOs from Meridian, Contact,…
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