sharetrader
Page 4 of 6 FirstFirst 123456 LastLast
Results 31 to 40 of 56

Thread: Rangatira

  1. #31
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    Roy basically built the Mary Potter Hospice in Lower Hutt.

    The Mckenzie family were very down to earth people and never made much of all the good work they did

    Anybody remember the old McKenzies department stores?

  2. #32
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    814

    Default

    First half report and related media release.

  3. #33
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    814

    Default

    Media release relating to second half performance.

  4. #34

  5. #35
    Senior Member
    Join Date
    Aug 2010
    Location
    Wellington
    Posts
    814

    Default

    Chair and management addresses at annual shareholders' meeting.

  6. #36
    Member
    Join Date
    Dec 2019
    Location
    South of the Bombays
    Posts
    287

    Default

    The half year profit announcement and dividend announced yesterday was a good step forward. Rangatira_Investments_Half_Year_Result_to_30_Sept_ 2020.pdf (usx.co.nz)

    RNG is missing a trading business producing high profit levels (as they had previously with Hellers). The change in the investment portfolio has lead to a lack of tax payments which has impacted on their ability to fully impute dividends, however as a big chunk of the company is owned by McKenzie charities I guess thus is less of a concern to them.

    The listed investments disclosed at 31 March 2020 included sizeable holdings in IFT, MCY, MEL, FPH, CEN, MFT, EBO, GNE and TPW. In addition to the gain reported on public investments in the six months to 30 September, RNG will have continued their good run on these holdings in the 10 weeks since (assuming they still hold them).
    Last edited by Southern Lad; 09-12-2020 at 09:29 PM.

  7. #37
    Member
    Join Date
    Dec 2019
    Location
    South of the Bombays
    Posts
    287

    Default

    Partners Life (5% owned by Rangatira) has agreed to purchase BNZ’s Life business for $290m:

    http://nzx-prod-s7fsd7f98s.s3-websit...171/337583.pdf

    Presumably this materially expands Partners Life business and helps build the scale to justify a NZX listing.

  8. #38
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    How have they performed for you Southern Lad.Very illiquid but with a 7% yield thats sustainable?

  9. #39
    Member
    Join Date
    Dec 2019
    Location
    South of the Bombays
    Posts
    287

    Default

    Share price has been flat the couple of years I have been in. As you point out dividend yield is better than average. Large charitable sector shareholding’s presumably encourages a steady dividend payout. Rangatira provides access to a range of smaller NZ trading businesses that not otherwise easily accessible via a listed vehicle. Good track record of capital uplift through their trading business investments.

    Liquidity is an issue, but there is volume available from time to time. A case of moving quickly if you see them.
    Last edited by Southern Lad; 16-12-2020 at 10:41 PM.

  10. #40
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Business Description
    RANGATIRA is a diversified investment company with assets over $200m. Established in 1937, Rangatira's portfolio is focused on middle-market private equity investments, complemented by investments in a range of publicly listed companies. Rangatira's private equity investments target established middle-market companies with good long-term growth potential. Rangatira has two types of shares, an A and a B, with B class voting rights restricted to matters directly affecting B share rights. Rangatira is 51% owned by the J R McKenzie Trust with other community and charitable organisations owning around another 15%. These holdings by charitable organisations consist mainly of B shares. Rangatira aims to add value to its private equity investments by actively contributing at management and board level, recognising the need to combine high standards of governance with sound management, effective capital allocation and a clear focus on growth and profitability. Rangatira's mission is to increase both the capital value of its shares and the dividends paid to shareholders.
    Last edited by percy; 17-12-2020 at 06:41 AM.

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
  •