NZM 1.14% 89.0¢ nzme limited

This is now a hell of a business.Thankfully APN left it to...

  1. 151 Posts.
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    This is now a hell of a business.

    Thankfully APN left it to shareholders via the demerger and buggered off. It was a bruising few years as they left the balance sheet and the business in a parlous state....but gee this team has done a slick job in that time.

    Show me:

    i. A big thumping cash cow
    ii. Plenty of growth options requiring limited capital investments
    iii. Coupled with ultra-conservative balance sheet
    iv. All at an undemanding valuation

    And I'll show you a pile of money to be made.

    The only thing I'd ask for from here would be for them to get Hugh Marks on the Board as a sounding board for them all with his lessons from Nine-Fairfax.
 
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