NZSA Disclaimer The end of the golden summer came this time last week for Heartland Group (NZX: HGH) – and less than five months after the elevation of Andrew Dixson to the Chief Executive role, and only a few days before the announcement of Heartland’s 1H FY25 results. Dixson is doing what any newly-minted CEO…
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Annual Meeting Report, February 11th 2025 Click here for NZSA Assessment and Voting Intentions Metric 2021 2022 (restated) 2023 (restated) 2024 (restated) 2025 Change Revenue $315.3m $327.9m $347.3m $472.6m $555.8m 18% Insurance Result $30.3m $22.5m $23.5m -$7.9m $82.8m n/a NPAT2 $10.8m $19.3m $18.8m -$1.2m $74.3m n/a EPS1 $0.027 $0.046 $0.050 -$0.003 $0.196 n/a PE Ratio…
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NZSA Disclaimer There’s been an interesting development in the NZSA / UC Investor Sentiment Index since the middle of 2024, with (net) investor sentiment taking a significant leap during June. Six months later, heading into 2025, those levels have been maintained. Each week, NZSA, in conjunction with the University of Canterbury, surveys a random sample…
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Annual Meeting Report, December 10th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $287.8m $350.8m $351.2m $409.7m $435.6m 6% Gross Profit $169.2m $201.2m $202.3m $234.8m $258.7m 10% Operating Profit $39.2m $49.3m $37.1m $47.8m $54.3m 14% NPAT $27.8m $33.3m $25.6m $32.0m $34.5m 8% GP Margin 59% 57%…
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Annual Meeting Report, December 9th 2024 Click here for NZSA Assessment and Voting Intentions Metric 2020 2021 2022 2023 2024 Change Revenue $11.6m $13.1m $15.4m $16.6m $15.4m -7% Operating Income $5.0m $6.4m $6.8m $8.1m $7.7m -6% NPAT $2.3m $12m $12.8m $5.6m $4.6m -18% Adj in fair value -$1.7m $7.1m $7.6m -$0.4m $0.00 n/a EPS1 $0.072…
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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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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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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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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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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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