Latest news with #BriscoeGroup
NZ Herald
04-08-2025
- Business
- NZ Herald
Mainfreight rebounds, Gentrack takes a hit as NZX trades flat
'So people will be going: 'Is that growth rate that we've got built in really achievable if your existing customers are churning off?'.' Going in the other direction was Mainfreight, which rose 0.96% to $60.07 on volumes amounting to more than $5m in volume traded. Mainfreight shares fell 10% last week after the business told attendees of its annual shareholders' meeting that it had a 'slow and disappointing' start to the financial year. Robertshawe noted an NZX disclosure notice on Friday that showed managing director Don Braid had bought 10,000 shares for just above $58 per share. 'That's got to be an endorsement,' he said. 'That was a disappointing result, but he's viewing this as a cyclical problem rather than any change to the long-term plan, and he's backing it with his own money.' Announcements In an update for the three months to July 27, Briscoe Group said second-quarter sales rose 2.07% to $192.9m compared with the same period last year. Managing director Rod Duke said a bounce in the homeware segment, up 3.97% in the quarter, followed a weak start to the financial year. Shares were unchanged at $6.01. Forsyth Barr equity analyst Paul Koraua said the result was a 'good improvement'. However, because the share price has risen nearly 15% since the company was added to the NZX 50 index in June, the investment case has changed. A month ago, Forsyth Barr set its target price for Briscoe Group at $5.95 and downgraded it to 'underperform' from 'neutral'. Rakon shares dipped 2.47% to 79 cents after former executive and shareholder Brent Robinson said he would not support Mark Bregman, Lisbeth Jacobs and Jon Raby to join the board at its scheduled meeting later this month. Rakon said its 12.19% shareholder, Taiwanese company Siward Crystal Technology Co and its board appointee, Jung Meng Tseng, were also against the independent board appointments, which included Bregman becoming chair. M&A Action Tourism Holdings (THL) shares rose 0.49% to $2.06 after it told the market that an unsolicited indication of interest from a consortium to buy it for $2.30 a share was an 'opportunistic and undervalued offer'. 'Based on careful consideration and external analysis, the board has come to the view that the value of the company is well north of $3.00 per share,' it said. In June, it received an indication of interest from a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet, directors of the company. '[THL] want to get people interested, doing their due diligence and becoming interested in the company, but they're not going to sell it less than what they think it's worth,' Robertshawe said. 'They'll be hoping that BGH and the insider reassess what bid they can pay, and that it's materially higher than $2.30, but this could take a long time to play out.' Staying with acquisitions, prospective SmartPay buyer Shift4 Payments obtained the necessary consent under the Overseas Investment Act for its proposed acquisition of SmartPay. The scheme of arrangement, under which Shift4 would acquire all the shares in Smartpay for $1.20 per share in cash, is now one step closer to completion. SmartPay shares gained 1.79% to finish the day at $1.135.
Yahoo
14-06-2025
- Business
- Yahoo
Briscoe Group (NZSE:BGP) Is Doing The Right Things To Multiply Its Share Price
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Briscoe Group (NZSE:BGP) looks quite promising in regards to its trends of return on capital. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Briscoe Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.19 = NZ$104m ÷ (NZ$692m - NZ$135m) (Based on the trailing twelve months to January 2025). So, Briscoe Group has an ROCE of 19%. By itself that's a normal return on capital and it's in line with the industry's average returns of 19%. See our latest analysis for Briscoe Group Above you can see how the current ROCE for Briscoe Group compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Briscoe Group . Briscoe Group's ROCE growth is quite impressive. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 23% over the last five years. So it's likely that the business is now reaping the full benefits of its past investments, since the capital employed hasn't changed considerably. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking. To bring it all together, Briscoe Group has done well to increase the returns it's generating from its capital employed. And with the stock having performed exceptionally well over the last five years, these patterns are being accounted for by investors. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. One more thing to note, we've identified 1 warning sign with Briscoe Group and understanding it should be part of your investment process. While Briscoe Group may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
06-05-2025
- Business
- RNZ News
Briscoe Group's first quarter sales down on last year
Briscoes and Rebel Sport Photo: Hazel Redmond Photographer Briscoe Group's first quarter sales are down on last year reflecting a struggling retail sector. Sales for the first 91 days of the financial year ended April fell 2.6 percent to $178.3 million, compared with $183m the year earlier. Sales were dragged down by a near 5 percent drop in homewares sales, while Rebel Sport sales were slightly up. Group managing director Rod Duke said Easter and Anzac Day closures added to the difficult period, while warmer than usual weather impacted promotional sales of heating products. "We estimate the negative impact on Briscoes Homeware in relation to heating related products to be more than $2m compared to last year," Duke said. "For Rebel Sport to achieve sales growth is very pleasing with solid sales across most areas but particularly in the categories of women's apparel, supporters clothing and sporting equipment. "As expected, margins remain under pressure, however after a challenging start to the year, we have seen recent recovery in gross profit margin." He said inventory continued to be well controlled for both market segments. "We anticipate New Zealand retail to remain highly challenging throughout the remainder of 2025 and as previously highlighted, continue to look to protect the level of profitability achieved last year." The company expected first half net profit to be about $30m million with second half profit exceeding that achieved in the first half.
Yahoo
02-04-2025
- Business
- Yahoo
Briscoe Group Limited (NZSE:BGP) insiders have significant skin in the game with 81% ownership
Insiders appear to have a vested interest in Briscoe Group's growth, as seen by their sizeable ownership The largest shareholder of the company is Rodney Duke with a 77% stake Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. A look at the shareholders of Briscoe Group Limited (NZSE:BGP) can tell us which group is most powerful. With 81% stake, individual insiders possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). So it follows, every decision made by insiders of Briscoe Group regarding the company's future would be crucial to them. Let's take a closer look to see what the different types of shareholders can tell us about Briscoe Group. Check out our latest analysis for Briscoe Group Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Since institutions own only a small portion of Briscoe Group, many may not have spent much time considering the stock. But it's clear that some have; and they liked it enough to buy in. If the business gets stronger from here, we could see a situation where more institutions are keen to buy. We sometimes see a rising share price when a few big institutions want to buy a certain stock at the same time. The history of earnings and revenue, which you can see below, could be helpful in considering if more institutional investors will want the stock. Of course, there are plenty of other factors to consider, too. Briscoe Group is not owned by hedge funds. The company's CEO Rodney Duke is the largest shareholder with 77% of shares outstanding. This implies that they possess majority interests and have significant control over the company. Investors usually consider it a good sign when the company leadership has such a significant stake, as this is widely perceived to increase the chance that the management will act in the best interests of the company. The second and third largest shareholders are Gerald Harvey and Harvey Norman Properties (NZ) Ltd, with an equal amount of shares to their name at 2.4%. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. It seems that insiders own more than half the Briscoe Group Limited stock. This gives them a lot of power. That means they own NZ$762m worth of shares in the NZ$936m company. That's quite meaningful. It is good to see this level of investment. You can check here to see if those insiders have been buying recently. With a 14% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Briscoe Group. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 1 warning sign for Briscoe Group that you should be aware of. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
21-02-2025
- Business
- Yahoo
Briscoe Group (NZSE:BGP) shareholders have earned a 11% CAGR over the last five years
When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is one path to excess returns. For example, long term Briscoe Group Limited (NZSE:BGP) shareholders have enjoyed a 26% share price rise over the last half decade, well in excess of the market decline of around 6.6% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 8.8% in the last year, including dividends. So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns. See our latest analysis for Briscoe Group There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Briscoe Group managed to grow its earnings per share at 3.5% a year. This EPS growth is lower than the 5% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). This free interactive report on Briscoe Group's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Briscoe Group the TSR over the last 5 years was 67%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! Briscoe Group provided a TSR of 8.8% over the last twelve months. Unfortunately this falls short of the market return. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 11% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example - Briscoe Group has 1 warning sign we think you should be aware of. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on New Zealander exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
