Napier Port IPO

[Sideshow Bob]

https://www.nzx.com/announcements/431441

Buyback of 0.5% or 175,000 shares.

"The acquired shares will be held as treasury stock upon acquisition intended to be used for the purposes of Napier Port’s employee share ownership plans."

[nztx]

https://www.nzx.com/announcements/431426

HIGHLIGHTS-
- Revenue rose 10.1% to $70.6 million from $64.1 million in the same period last year and was led by significant growth in export log and cruise revenue
- Result from operating activities increased 25.1% to $27.4 million from $21.9 million in the same period last year
- Underlying net profit after tax increased 48.3% to $11.1 million from $7.5 million in the same period a year ago
- Reported net profit after tax increased 64.8% to $14.3 million from $8.7 million in the same period last year
- Post-Cyclone Gabrielle business interruption insurance claim contributes $7.2 million to reported net profit
- Container volumes decreased 17.3% on continued post-Cyclone Gabrielle effects and weaker economic activity
- Directors declare a fully imputed interim dividend of 3.0 cents per share, increased from the interim dividend in the prior year of 1.7 cents per share
- Expected underlying result from operating activities for the year to 30 September 2024 of between $50 million and $53 million

forget comparing to 1.7c div previous period - that was after the Cyclone hit a year back.

2.8c Div in previous June 2021 & 2022 distributions is better for comparisons to the 3.0c


Similarly turnover comparisons need to look back a period earlier to remove Cyclone hits.

The gut feeling is that NPH continues to underperform & disappoint.
That is what the market perception via the SP is conveying

[Sideshow Bob]

https://www.nzx.com/announcements/436095

3rd Quarter to 30 June 2024

- Revenue for the third quarter increased 27.9% to $36.5 million from $28.6 million in the same period last year, following volume increases of 7.4% for bulk cargo and 29.6% for container services
- The result from operating activities increased 64.3% to $12.3 million from $7.5 million
- Underlying net profit after tax increased 156.7% to $4.8 million from $1.9 million

9 Months to 30 June 2024

- Revenue for the nine months rose 15.5% to $107.1 million from $92.7 million in the same period last year and was led by significant growth in export log and cruise revenue
- The result from operating activities increased 35.1% to $39.6 million from $29.3 million as higher revenue was supported by effective cost management
- Underlying net profit after tax increased 70% to $15.9 million from $9.3 million
- Reported net profit after tax increased 48.2% to $19.1 million from $12.9 million

Earnings guidance

- Unchanged guidance for an underlying result from operating activities for the year to 30 September 2024 of between $50 million and $53 million, excluding insurance recoveries (of which $7.2 million has been recognised during the financial year to date)

[bull....]

Forest product company to shut entire operation as result of energy prices

The Port of Napier, which ships much of Winstone's pulp and timber, has been advised and chief executive Todd Dawson said a closure would hit port earnings

https://www.rnz.co.nz/news/business/...-energy-prices

[bull....]

Forest product company to shut entire operation as result of energy prices


The Port of Napier, which ships much of Winstone's pulp and timber, has been advised and chief executive Todd Dawson said a closure would hit port earnings

https://www.rnz.co.nz/news/business/...-energy-prices

yep port has announced that the closure of winstone pulp ( sad day for NZ) will effect earnings 7-8%

https://www.nzx.com/announcements/437785

[nztx]

yep port has announced that the closure of winstone pulp ( sad day for NZ) will effect earnings 7-8%

https://www.nzx.com/announcements/437785

No announcement yet of them getting shot of the HBRC millstone loafing along on the share register ?

must be too soon or perhaps Govt's revised formula for whipping HBRC's tardy hide ahead of well overdue
amputation & reallocation measures must still be underway

Back on the Port Company -- looking ahead Meat Exports picture wont be looking all that bright on stock number declines.