Company Report
Last edited 3 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#154
Performance (56m)
16.3% pa
Followed by
59
Straws
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#Management
stale
Added 3 years ago

Results released a few days ago were as expected. Reasonably solid and most of the metrics heading the right direction. Weird thing is though, the shares are off about 15% in the last few days. Was it the results? Was it CEO David Dicker divesting a swathe (~2.7M) of stock - doubt it as he explained it and also locked in any further sales for the rest of ’21 and he continues to hold around a third of the shares on issue. 

The recent NZ acquisition seems to be a sensible idea and put them firmly in the NZ market. 

Looks to be just a sentiment dip, although it is trading on a reasonably high multiple and carrying reasonably high debt load. 

Not one I own, but on the watchlist to see what happens in the next 6 months.