sharetrader
Page 2 of 2 FirstFirst 12
Results 11 to 16 of 16

Thread: NZ Merino

  1. #11
    Legend
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    5,163

    Default

    https://www.usx.co.nz/uploads/paperc...pdf?1671162908

    At a significant premium to the current share price - more than 50%!
    Last edited by Sideshow Bob; 19-12-2022 at 09:10 AM.

  2. #12
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,611

    Default

    After ten minutes rolling round the internet, at first glance you might think that the Australian "marketing" partner has moved into the New Zealand "production" side of the business.

    https://awn.net/wool/

  3. #13
    Legend
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    5,163

    Default

    Made their money in the first half of the year, almost breakeven forecast the second half.



    The New Zealand Merino Company Limited (NZMC) is pleased to advise Earnings before Interest andTax (EBIT) of $5.6 million for the six months ended 31 December 2022. This is in line with budgetexpectations, with the result driven by good growth in bale volumes underpinned by our strategicplatform of ZQRX.We note that due to the seasonality of the NZMC business the majority of earnings are generated inthe first six months of the financial year.With this half year result and our expectations for the remainder of the financial year we reaffirmour earlier guidance for full year EBIT to be in the range of $5.8 million to $6.4 million.

  4. #14
    Legend
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    5,163

    Default

    https://www.usx.co.nz/uploads/paperc...pdf?1684276397

    The New Zealand Merino Company (NZMC) Limited is pleased to announce the appointment ofagricultural industry leader, Angus Street, as Chief Executive Officer. Angus will commence the role inearly August 2023.

  5. #15
    Legend
    Join Date
    Jul 2004
    Location
    Bolivia.
    Posts
    5,163

    Default

    https://www.usx.co.nz/uploads/paperc...pdf?1693775426

    Highlights
    • EBIT1 $4.3 million, down 38%
    • Trading EBIT2 $6.4 million, down 15%
    • NPAT $1.7 million, down 61%
    • Bales Sold 147,000, up 9%

  6. #16
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,413

    Default

    12 March 2024
    Half Year Result and Earnings Guidance
    The New Zealand Merino Company Limited (NZMC) advises Earnings before Interest and Tax (EBIT)
    of $3.4 million, and a Net Profit After Tax (NPAT) of $1.8 million for the six months ended 31
    December 2023. This is in line with budget expectations.
    Trading conditions have however deteriorated further in recent months with the global slowdown in
    consumer demand meaning retailers are holding high inventories of finished products. This,
    together with aggressive brand partner growth targets that are not now coming to life due to the
    macroeconomic environment, is directly impacting brand partner demand for wool resulting in
    lower bale volumes and deferrals on deliveries planned for the second half of the financial year and
    on into the 2025 financial year. NZMC is working with these brands on a number of solutions
    including pushing out deliveries into future years, selling off excess volumes and adjusting future
    contract volumes.
    Key brands are however reporting reasonable sell-through of product in-line with pre-Covid levels
    which bodes well for when the current over-supply of inventory in the supply chain is worked
    through.
    This will have a significant negative impact on earnings this financial year, with this exacerbated by
    the fact that due to the seasonality of the NZMC business the majority of earnings are generated in
    the first six months of the financial year.
    Our expectation now is for full year EBIT to be in the range of $1.0 to $1.6 million. Previous
    expectations were for EBIT to be in the range of $4.5 to $5.1 million.
    At a NPAT level we now expect to record a loss in the range of $0.4 to $0.9 million for the year
    ending 30 June 2024.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •