NZM - NZME

[nztx]

Special dividend, affirmed forward guidance - the recovery phase from bad old days appears successfully complete. Just over 193m shares on issue - good Div yield.

Barring less easy times going forward - any thoughts with NZM ?

[Fiordland Moose]

Special dividend, affirmed forward guidance - the recovery phase from bad old days appears successfully complete. Just over 193m shares on issue - good Div yield.

Barring less easy times going forward - any thoughts with NZM ?

other than kicking myself for not picking up a parcel when the market crashed in 2020 not really but on my watch list. I have done zero research on it. did they receive a bunch of government funding in the last year or two from government that is non recurring?

not a big fan of the herald, but I can get over that if the divy outlook is right. impressed with how determined and quickly they have been getting cash back to shareholders.

[nztx]

Yes - the same could be said of a lot of media companies & other businesses.

The curtains may be now closed on further Covid windfalls, onwards 2023
comes an Election windfall for some - then the telling part of those who
can ride ahead and those who freeze and fall may become evident.

The ride upwards from 2020 lows has been a large one, falling back of late slightly.

A smallish issued capital, offshore predators in the fray on the register and dominant
paper publisher - perhaps the funds are forseeing a return to former W&H glory days where
the SP was good, dividends were solid & regular ?

Some publishers have fallen by the wayside - namely the german owned one.

After all the predators from across the ditch did forsee the rapid rise from Mar/Apr 2020
on the upwards

[Crackity]

In New Zealand, we own a company called NZME (ASX: NZM) and it's effectively the Fairfax of New Zealand. It's a market though, that is behind Australia, in terms of the property portal side of things. That's why we like NZME. It owns a property portal called One Roof which is similar to Domain here. It's the number two player in the market. That market is probably 5-10 years behind here. It hasn't shifted online fully yet and there's a huge upside as that market shifts online for the number two player to get bigger just like Domain has here.

So we think there is a significant upside in NZME through One Roof. Putting that aside, we think the traditional media assets of NZME are transforming too. They're going from old-world print assets in newspapers to digital subscriptions. The radio assets are converting to digital and so there's good growth in those sort of more traditional lines of business in NZME as well. And, you're getting it at a cheap multiple.



Spheria (Matt Booker ) from livewire end of Sept

[entrep]

Interesting. What does domain have that OneRoof doesn't?

[seaweed]

Last week I attended the CHI meeting and a good meeting and they posted me the voting papers. Next week am going to NZM meeting and they emailed me the info, but can someone tell what page the voting paper is on. There doesn't appear to be a voting paper to print out. There is 15 pages of info in that AGM email.    

[Basil]

Last week I attended the CHI meeting and a good meeting and they posted me the voting papers. Next week am going to NZM meeting and they emailed me the info, but can someone tell what page the voting paper is on. There doesn't appear to be a voting paper to print out. There is 15 pages of info in that AGM email.    

Take all that info along and they'll scan your info and give you a voting paper at the desk when you arrive.

[seaweed]

Take all that info along and they'll scan your info and give you a voting paper at the desk when you arrive.

Thanks Basil. I figured it out in the end and found the vote paper. I saw Karl there, the Good Oil man who was putting his hand up to be a director at the Channel meeting a couple of weeks ago, but only got a bit under 1% of the vote. The meeting today was a very cold meeting and room temperature felt like about 3 degrees. I was sitting behind Steve Joyce and Jim Grenon. Halfway through the meeting I noticed Jim was cold and trying to get his jacket on but couldn't find his sleeve, so I got up and helped him try and find his sleeve to put his arm through. At the end of meeting Barbara Chapman commented on how cold it was and said her hands were going blue. We were all sitting on cold white plastic $9 outdoor Warehouse chairs and it felt like we were sitting in a cold underground drafty Concrete car park. Doc. Don Brash was sitting behind me and said Hello and who are you... One of your followers, I said, on your Hobson's Pledge site. Thank God the meeting finally finished and had to race to the toilet for a quick pee but noticed there was no urinal. As I walked out of my cubical a beautiful women walked out of one of the other cubicles. This is the Mens Toilet, she said no it's the ladies. I said sorry we shouldn't be meeting like this and ran away and had nice hot coffee and cake and talked to Karl the Good Oil man, who makes a lot of sense. Good night.        

[seaweed]

Thank you Mr James Grenon on your top up of 1,000,000. Keep up the good work. I notice sp up 5% today