MHM Automation

MHM Automation, now with four New Zealand manufacturing plants, has grown to become an international leader in the design and manufacture of innovative technology solutions and the fabrication of stainless steel products.

 

Following the restructuring in 2015, MHM Automation seeks to generate long-term shareholder value by focusing on its portfolio of food processing and packaging IP which are sold globally while continuing to drive efficiencies in its core fabrication business. In addition, MHM Automation is seeking to commercialise the S-Clave technology and get it into market within a compressed timeframe.

 

The company was listed on NZX since 1959 under the name of Broadway Industries Limited. In November 2009 it changed name to Mercer Group Limited (MGL). In September 2020 it changed name once more to MHM Automation Limited (MHM).


Company Details

Registered Office: 53 Lunns Road, Middleton, Christchurch 8024
Postal Address: 142 Neilson Street, Onehunga, Auckland 1061
Telephone: +64-3-595-2209
Facsimile: +6498369779
Website: http://www.mercers.co.nz/
First Listed: 01/10/1959
Balance Date: 30 June
AGM: 08/11/2023

Directors and Executives

Andrew Barclay
Director
Trevor Burt
Chairman
Ian McGregor
Chief Financial Officer
George Rolleston
Non-Executive Director
Richard Rookes
Director
Paul Smart
Independent Director

Announcements

Title Date Type
Capital Change Notice Tue, Feb 27 2024 11:03 am SECISSUE
Ongoing Disclosure Notice Tue, Feb 27 2024 11:02 am SHINTR
Scheme of arrangement - Final court approval received Wed, Feb 21 2024 12:44 pm TRANSACT
MHM Automation Limited (“MHM”) – Intention to Delist Tue, Feb 20 2024 03:10 pm MEMO
Scheme of arrangement - Receipt of No Objections Mon, Feb 12 2024 02:28 pm TRANSACT
Notice of Conversion of Financial Products Wed, Feb 07 2024 03:45 pm SECISSUE
Results for Special Shareholder Meeting for the Scheme Fri, Jan 26 2024 12:37 pm MEETING
Special Shareholders Meeting regarding the Scheme Fri, Jan 26 2024 11:04 am MEETING
MHM granted waiver from NZX Listing Rule 3.5.1 Fri, Jan 12 2024 11:41 am TRANSACT
MHM – Waiver from NZX Listing Rule 3.5.1 Fri, Jan 12 2024 10:57 am WAV/RULE

Major Holdings Announcements

Date Name No. Held % Current
03/11/23 Bettcher Industries, Inc. (Bettcher 39,888,490 - 47.60
11/09/23 Andrew John Ritchie & Mark Sain Mar 5,000,000 - 5.62
01/09/23 Asset Management Limited 18,362,990 51.70 20.60
01/05/23 John Anthony Dell 4,028,864 6.07 4.53
01/05/23 Jajar Investments Limited 20,400,000 - 22.91
03/04/23 HJD Rolleston 18,362,990 51.70 27.70
12/09/18 BNP Paribas Nominees (NZ) Limited a 3,071,348 6.15 4.76
07/12/17 Alison Mercer Limited 3,750,000 6.19 6.19
07/12/17 Philip John Alison 3,750,000 6.19 6.19

Director’s Interests Announcements

Date Name No. Held % Details Other
08/06/23 Colin Ashley Neal 3,300,410 - - -
06/04/23 George Rolleston 12,046 - - -
25/10/22 Richard Rookes 2,500,861 - - -
25/10/22 Ian McGregor 1,125,500 - - -
02/06/21 Trevor Burt 700,000 - - -
07/09/20 Paul Smart 347,846 - - -
14/12/18 John Dennehy 599,000 - - -

Analysts’ Forecasts

profit2021 profit2022 eps2021 dps2021 sales2021 ebit2021 ebitda2021
mean 6.9 7.7 .8 148.2 12.1 17.2
high 6.9 7.7 .8 148.2 12.1 17.2
low 6.9 7.7 .8 148.2 12.1 17.2
sample 1 0 1 1 1 1 1

Disclaimer

Data on this page is from BusinessDesk and NZX Ltd for information purposes only. Details are believed to be accurate but no warranty is given as to accuracy, timeliness, reliability or completeness. No person should rely on the contents of the report and all persons should obtain independent professional advice before acting on any information connected with or contained in this report.
Last Updated: 12/04/2023


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