Added to YB: 2026-09-14
Pitch date: 2026-09-11
WIN.NZ [bullish]
Winton Land Limited
Author Info
No bio for this author
Company Info
Winton Land Limited engages in the development and sale of residential land properties in New Zealand and Australia.
Market Cap
NZD 338.1M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.90
P/E
15.45
EV/Sales
2.04
Sector
Real Estate Management and Development
Category
special_situation
Winton Watch: but the real game is Macquarie
WIN.NZ (update): Winton trades at $1.14 versus roughly $1.80 of NTA, supporting the view that a takeover now appears inevitable, centered on 22% shareholder Macquarie, whose $200M IPO investment at $3.88 per share is down about 70%. Michael Stiassny has stepped in to right the ship after Chris Meehan’s board resignation, but Meehan still owns 55% and must be persuaded to sell; the thin register hinders a takeover, while the lack of a dividend increases Meehan’s incentive to take a deal.
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