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Thread: NZ Merino

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  1. #1
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    Default 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.

  2. #2
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    NZMC is quite interesting, further opinion on the balance sheet would be appreciated. I like the company.

  3. #3
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    Default

    Quote Originally Posted by surfnturf View Post
    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

  4. #4
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    Quote Originally Posted by nztx View Post
    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.

  5. #5
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    Quote Originally Posted by whatsup View Post
    "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.

  6. #6
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    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

  7. #7
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    NZMC_Annual_Result_070921.pdf (usx.co.nz)

    Good result and 24.1c divvy.

  8. #8
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    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.....

  9. #9
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    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.

  10. #10
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    Default 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

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