NZ Merino

[Sideshow Bob]

Don't know much about these guys - but seems like a positive announcement.....

NZMC_Earnings_Guidance_18_March_2021_FINAL.pdf (usx.co.nz)

Website: The New Zealand Merino Company | Home (nzmerino.co.nz)

Last AR: fdb7ce_e7b7bda91b8b4825b27bde0d0fb6a94d.pdf (filesusr.com)

Issuer Profile: NZMC_Issuer_Profile_2020_Final.pdf (usx.co.nz)

CEO is the largest shareholder. Only 40-odd thousand shares traded in since listing in Oct. Looks like about 5.3m shares on offer - just bought back 600k at $3.80 and price is still $3.95.

[surfnturf]

NZMC is quite interesting, further opinion on the balance sheet would be appreciated. I like the company.

[nztx]

NZMC is quite interesting, further opinion on the balance sheet would be appreciated. I like the company.

The 2020 report is a nicely presented clear Financial window into the company

Enjoyable reading & not a lot to not like about NZ Merino IMO

Up to 2020 year - smallish on good turnover but sound, paying down it's debt.

Probably a bit illiquid as to be expected on USX, but that's about it

A shame that USX has such limited audience / accessibility as companies like this
may be attractive to a wider audience.. and could ideally attract better pricing ratings like elsewhere

[whatsup]

The 2020 report is a nicely presented clear Financial window into the company

Enjoyable reading & not a lot to not like about NZ Merino IMO

Up to 2020 year - smallish on good turnover but sound, paying down it's debt.

Probably a bit illiquid as to be expected on USX, but that's about it

A shame that USX has such limited audience / accessibility as companies like this
may be attractive to a wider audience.. and could ideally attract better pricing ratings like elsewhere

"not a lot to not like " double negative, should read , "a lot to like "! please.

[Mr Slothbear]

Geez so from about $1 per share in feb this year to over $5 today.

hope you got a nice few when making this thread, looks like it was a good call.

will have to add the AR and half year to this weekends reading list

[fungus pudding]

"not a lot to not like " double negative, should read , "a lot to like "! please.

There may not be 'a lot to like' though. Equally there may not be a lot to dislike (not like). Double negatives can sometimes be used for effect.

[Sideshow Bob]

NZMC_Annual_Result_070921.pdf (usx.co.nz)

Good result and 24.1c divvy.

[Sideshow Bob]

NZMC_Half_Year_Result_and_Earnings_Guidance_1_Marc h_2022.pdf (usx.co.nz)

Another very solid result for the half year, EBIT of $8.8m, with a current market cap of $29.2m.....

[Sideshow Bob]

https://www.usx.co.nz/uploads/paperc...pdf?1664308895

Mixed announcement - profit up slightly on much larger turnover but negative operating cashflow and forecast earnings to be down slightly.

[GTM 3442]

The New Zealand Merino Company announces long-standing CEO to step down

The New Zealand Merino Company (NZMC) today announced that co-founder and chief executive
John Brakenridge will be stepping down in 6 months after 27 years in the role.

https://www.usx.co.nz/uploads/paperc...pdf?1666641597