Annual Meeting Report, April 16th 2026 Click here for NZSA Assessment and Voting Intentions This virtual-only meeting was called in advance of the usual AGM, to approve the participation of Hull interests in the capital raising announced on 30th March. Simon Hull’s family as founders hold 52.41% of shares, and would still hold over 50%…
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Annual Meeting Report, February 25th 2026 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $105.7m $126.3m $169.9m $213.2m $230m 8% Operating Expenses $93m $118.2m $146.7m $189.7m $202m 7% EBITDA $12.7m $8.1m $23.2m $23.6m $27.8m 18% NPAT $3.2m -$3.3m $10.0m $9.5m $20.9m 119% EPS1 $0.032 -$0.033 $0.098 $0.092…
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Annual Meeting Report, February 18th 2026 Click Here for NZSA Assessment and Voting Intentions Metric 2022 (restated) 2023 (restated) 2024 (restated) 2025 2026 Change Revenue $327.9m $347.3m $472.6m $555.8m $594.3m 7% Insurance Result $22.5m $23.5m -$7.9m $82.8m $105.2m 27% NPAT2 $19.3m $18.8m -$1.2m $74.3m $83.7m 18% EPS1 $0.046 $0.050 -$0.003 $0.196 $0.244 25% PE Ratio…
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NZSA Disclaimer Branch Event Report, September 11th 2024 On 11 September last year Thom Bentley, the Head of Business Development for NZX’s Smart (Smartshares) Limited spoke to a South Island Branch Section meeting. Thom alerted us to the possibility that anyone with assets of over US$60,000 invested in the US is potentially liable for 40%…
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NZSA Disclaimer Branch Event Report, December 11th 2025 On 11 December the Waikato Branch hosted Matt Brown of Craigs Investments. Before coming to New Zealand, he had seven years as an investment manager in London as well as being a freelance financial writer. First to a macro backdrop with an overview of how major markets…
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In addition to the article below, have a listen to this extract from The Long and the Short of it, from February 7th, with commentary from Paul Macbeth and Oliver Mander. There is nothing like a day out visiting a company’s operations to understand the effectiveness of just how well a company does what it…
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Annual Meeting Report, December 19th 2025 Click Here for NZSA Assessment and Voting Intentions Report from Sanford Limited (SAN) Annual General Meeting, 19 December 2025 Metric 2023 2024 2025 Change Operating Revenue n/a n/a n/a n/a NPAT -$6.9m -$2.6m -$1.7m n/a EPS1 -$0.033 -$.012 -$0.002 n/a Capitalisation (NZD) $241.8m $476.1m $890m 87% PE Ratio n/a…
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Annual Meeting Report, December 17th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $109.5m $114.5m $118.4m $141.4m $157.7m 12% EBITDA $43.8m $40.1m $37.2m $52.0m $64.2m 23% NPAT $23.2m $20.4m $16.6m $24.8m $30.9m 24% EPS1 $0.116 $0.102 $0.083 $0.124 $0.154 24% PE Ratio 26 28 26 21…
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Annual Meeting Report, December 17th 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 2023 2024 2025 Change Revenue $191.7m $208.9m $234.2m $204.3m $192.4m -6% Cost of Sales $88.3m $82.9m $98.4m $92.0m $109.7m 19% NPAT $9.5m $12.8m $11.1m -$77.4m -$104.9m n/a EPS1 $0.135 $0.183 $0.158 -$1.10 -$1.49 n/a Gross Profit Margin 54%…
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Annual Meeting Report, November 21st 2025 Click Here for NZSA Assessment and Voting Intentions Metric 2021 2022 (rest.) 2023 2024 2025 Change Revenue $1,367m $1,397m $1,321m $1,637m $1,827m 12% Gross Profit $67m $124m $118m $56m $105m 88% NPAT -$28.5m $38.5m -$14.1m -$182.1m -$39.8m n/a GP Margin 5% 9% 9% 3% 6% 68% Inventory Turnover 4.81…
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