Scrip Magazine Issue: August 2024

Is there an alternative to feeling short-changed at Millennium Copthorne?

NZSA Disclaimer Last week, Millennium Copthorne (NZX: MCK) received a takeover offer of $2.25 per share from its 75.9% shareholder, CDL Hotels Holdings NZ Limited (linked to Singapore-based CDL Investments). Shareholders could be forgiven for mixed feelings. Recent trading in MCK shares has been around $1.80, but has never been above $2.60 within the last…
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Marlborough Wine Estates Group Limited – 2024 Annual Meeting Report

Annual Meeting Report, December 20th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $6.4m $6.7m $8.0m $9.4m $8.3m -11% Gross Profit $2.2m $1.3m $2.9m $3.6m $0.6m -82% NPAT $10k -$615k $328k $295k -$3.3m n/a GP Margin 34% 19% 37% 39% 8% n/a Inventory Turnover 1.24 1.41…
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Sanford Limited – 2024 Annual Meeting Report

Annual Meeting Report, December 18th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $468.8m $489.6m $531.9m $553.4m $582.9m 5% Gross Profit $82.5m $68.8m $96.9m $108.6m $126.2m 16% NPAT $19.4m $16.2m $55.8m $10.0m $19.7m 96% GP Margin 18% 14% 18% 20% 22% 10% EPS1 $0.207 $0.173 $0.597…
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Napier Port Holdings Limited – 2024 Annual Meeting Report

Annual Meeting Report, December 19th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $100.4m $109.5m $114.5m $118.4m $141.4m 19% EBITDA $41.2m $43.8m $40.1m $37.2m $52.0m 40% NPAT $22.0m $23.2m $20.4m $16.6m $24.8m 50% EPS1 $0.11 $0.116 $0.102 $0.083 $0.124 50% PE Ratio 33 26 28 26…
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Found Guilty, Found Out

NZSA Disclaimer Why Tony Gibson should not have been re-elected as a Director of Marsden Maritime Holdings. It is inconceivable and unconscionable that former Ports of Auckland Chief Executive Officer, Tony Gibson, should be considered worthy of a directorship just months out of a landmark guilty verdict in relation to health and safety. Once found…
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Me Today Limited – 2024 Annual Meeting Report

Annual Meeting Report, December 16th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 (15 months) 2023 2024 Change Revenue $0.6m $1.1m $8.3m $7.9m $5.0m -36% Gross Profit $0.5m $0.7m $3.1m $3.1m $2.2m -28% NPAT -$4.9m -$2.8m -$19.5m -$10.4m -$11.3m n/a EPS1 -$0.014 -$0.007 -$0.015 -$0.008 -$0.21 n/a Inventory Turnover 0.63…
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KMD Brands Limited – 2024 Annual Meeting Report

Annual Meeting Report, November 9th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $801.5m $922.8m 980.0m $1,103m $979m -11% EBITDA $149.5m $208.0m $180.0m $200.1m $107.2m -46% NPAT $8.9m $63.4m $36.8m $36.7m -$48.3m n/a GP Margin 58% 59% 59% 59% 59% n/c Inventory Turnover 1.90 1.71 1.57…
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Barramundi Limited – 2024 Annual Meeting Report

Annual Meeting Report, October 30th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 Change Revenue $57.5m -$32.6m $43.6m $33.1m -24% Change in fair value $53.9m -$36.4m $39.6m $28.9m -27% NPAT $52.3m -$34.6m $38.3m $28.1m -27% EPS1 $0.245 -$0.129 $0.139 $0.099 -29% PE Ratio 4 n/a 5 7 Capitalisation $218m…
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WasteCo Group Limited – 2024 Special Meeting Report

Special Meeting Report, December 13th 2024 Click here for NZSA Assessment and Voting Intentions Only 14 attended this meeting, even though there was no online alternative! The Chair, Shane Edmond noted that proxies had been received for 72% of the shares with the vast majority in favour of the two resolutions. He opened the  resolutions…
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Just Life Group Limited – 2024 Annual Meeting Report

Annual Meeting Report, December 6th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $31.2m $32.5m $36.6m $36.7m $35.4m -4% EBITDA $7.2m $7.6m $8.1m $7.5m $6.5m -14% NPAT $2.9m $3.3m $2.2m $2.2m $0.7m -68% EPS1 $0.033 $0.034 $0.023 $0.022 $0.007 -67% PE Ratio 25 27 22 18…
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