Sunday, April 18, 2010

Long Term View: The Warehouse Group Ltd



In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO.

The calculation of returns includes dividends and tax credits.

The Warehouse Group Ltd [WHS.NZ] has been very good to its shareholders in terms of returns since its IPO in October 1994 at $2.50 and its subsequent listing in November of that year. A 1:5 bonus share issue in 1995 and a 1:1 in 2000, plus $NZ 6.00 (approx, adjusted for the bonus issues) in net dividends (see chart above) paid and tax credits at an average of 30% , WHS gives a slightly more than 500% return (see chart below for the share price percentage gain against the average of all NZX indexes) over the 16 year listing, an approximate annual net return of 30%.

This is approximately a 220% better return when compared to the average of all NZX indexes.


Disclosure: I own WHS shares in the Share Investor Portfolio.





Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hellaby Holdings Ltd
Metlifecare Ltd
Restaurant Brands Ltd
Sky City Entertainment Group Ltd
Telecom NZ Ltd
Telstra Corp Ltd


The Warehouse Group @ Share Investor

Share Investor Short: Warehouse Group yield worth a look
The Warehouse Group: 2010 Interim Profit Review
The Warehouse: Big Brands, Big Opportunities
Warehouse strike opportunity to buy
Long Term Play: The Warehouse Group
Share Investor Short: Warehouse Group yield worth a second look
Woolworths supermarket consolidation an indicator of a move on the Warehouse?
Stock of the Week: The Warehouse Group
Warehouse 2009 interim profit a key economic indicator
When will The Warehouse bidders make their move?
Long vs Short: The Warehouse Group
Warehouse bidders ready to lay money down
The Warehouse set to cut lose "extra" impediment
The Warehouse sale could hinge on "Extra" decision
The case for The Warehouse without a buyer
Foodstuffs take their foot off the gas
Woolworths seek leave to appeal to Supreme Court
Warehouse appeal decision imminent
Warehouse decision a loser for all
Warehouse Court of appeal decision in Commerce Commission's favour
MARKETWATCH: The Warehouse
The Warehouse takeover saga continues
Why did you buy that stock? [The Warehouse]
History of Warehouse takeover players suggest a long winding road
Court of Appeal delays Warehouse bid
The Warehouse set for turbulent 2008
The Warehouse Court of Appeal case lay in "Extras" hands
WHS Court of Appeal case could be dismissed next week
Commerce Commission impacts on the Warehouse bottom line
The Warehouse in play
Outcomes of Commerce Commission decision
The fight for control begins soon

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Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A          Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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