-
NZ Merino
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.
-
Junior Member
NZMC is quite interesting, further opinion on the balance sheet would be appreciated. I like the company.
-
Originally Posted by surfnturf
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
-
Originally Posted by nztx
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.
-
Originally Posted by whatsup
"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.
Last edited by fungus pudding; 31-08-2021 at 10:53 AM.
-
Member
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
-
-
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.....
-
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.
-
Does Nobody do Succession Planning?
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
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks