Description:
*
"Rangatira
is an investment holding company with assets of over NZ$100 million.
Established in 1937, the Company is now 51% owned by the J R McKenzie
Trust with other community and charitable organisations owning about 15%
of the shares. The balance of the shareholding is held by various
individuals. Our mission is to increase both the capital value of our
shares and the dividends paid to our shareholders by investing creatively
and competitively.
Over the years, Rangatira has built a portfolio of local and international investments across a wide range of sectors. The Company has pursued a policy of private equity investment in small to medium-sized New Zealand companies, complemented by holdings in a range of publicly listed New Zealand and Australian companies. Investments have been made taking a long-term position in companies that are well founded and well managed with good growth potential.
Rangatira will continue to explore investment opportunities across a range of businesses sectors, always seeking the best possible return on funds over the long term. We will aim to add value to our private equity investments by actively contributing at management and board level, recognising the need to combine high standards of governance with sound management and a clear focus on growth and profitability. With globalisation, we will also explore possible opportunities for investment beyond New Zealand and Australia."
Website: http://www.rangatira.co.nz
Recent announcements: click
here
Class A Shares:
"A" and
"B" shares rank equally, except that "B" shares carry
restricted voting rights. These are limited to voting on proposals to:–
(I) sell the whole of Rangatira Limited’s undertaking, or
(ii) alter its constitution.
The "B" shareholders are not entitled to participate in future cash issues unless the "A" shareholders agree. These matters are set out in full in Clause 3 of Rangatira Limited’s constitution."
|
Year |
|
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
|
11% |
-5% |
57% |
63% |
13% |
|
NPAT |
|
|
87% |
-41% |
55% |
102% |
15% |
|
Total
Assets |
|
|
16% |
7% |
33% |
55% |
13% |
|
Net
Assets |
|
|
17% |
8% |
20% |
45% |
11% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
|
$
0.31 |
$
0.59 |
$
0.35 |
$
0.54 |
|
|
|
|
|
|
87% |
-41% |
55% |
102% |
15% |
|
Net
Assets |
|
$
4.64 |
$
5.45 |
$
5.90 |
$
7.05 |
|
|
|
|
|
|
17% |
8% |
20% |
45% |
11% |
|
Dividends |
|
$
0.39 |
$
0.29 |
$
0.31 |
$
0.32 |
|
|
|
|
|
|
-26% |
7% |
3% |
-16% |
-5% |
|
Profitability |
|||||||
|
Return
on Assets |
|
6.06% |
9.79% |
5.47% |
6.38% |
|
|
|
Equity
Multiplier |
|
1.12 |
1.10 |
1.09 |
1.21 |
|
|
|
Return
on Equity (ROE) |
|
7% |
11% |
6% |
8% |
|
|
|
ROE
(avg E) |
|
14% |
12% |
6% |
8% |
|
|
|
Net
Profit Margin |
|
17% |
28% |
18% |
17% |
|
|
|
Dividend
payout ratio |
|
124% |
49% |
89% |
59% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
|
$8,275,000
|
$8,357,000
|
$8,458,000
|
$24,117,000
|
|
|
|
Current
ratio |
|
2.01 |
2.03 |
2.05 |
3.06 |
|
|
|
Acid
test ratio |
|
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Other |
|||||||
|
Times
interest earned |
|
16.74 |
20.79 |
18.89 |
18.06 |
|
|
|
Operating
exp/income |
|
80% |
68% |
76% |
78% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
|
34361000 |
37420000 |
35148000 |
55030000 |
|
|
|
Expenses |
|
26877000 |
25734000 |
27027000 |
43379000 |
|
|
|
Tax |
|
1914000 |
1259000 |
1918000 |
2041000 |
|
|
|
NPAT |
|
5570000 |
10427000 |
6203000 |
9610000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
91932000 |
106481000 |
113452000 |
150648000 |
|
|
|
Liabilities |
|
9735000 |
10017000 |
9037000 |
25773000 |
|
|
|
Net
Assets |
|
82197000 |
96464000 |
104415000 |
124875000 |
|
|
|
Registered Office: |
Mailing address: P O Box 804 Wellington |
|
Directors: |
Secretary: Chris Bradshaw |
| Auditors: Deloitte |
Solicitors: Buddle Findlay |
| Bankers: |
Registrar: |
| Other: |
|
| Other | Last updated:15-11-2007 |
Company balance date: 31 March
