Long Term View: New Zealand Refining 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.

New Zealand Refining Ltd [NZR.NZ] has been the best performing stock listed on the NZX in terms of returns to shareholders since its listing in Sept 1961 (we will start at an adjusted 25c per share from available 1989 data to make our comparison) $9.71c in net dividends (excluding the period 1961-1997. No data can be easily found for dividends) and 30% more in tax credits (see chart above) a 10:1 share split in 2005 and a 6:1 split in November 2009 gives NZR a slightly more than 7800% return (see chart below for the share price percentage gain against the average of all NZX indexes - does not include dividends, tax credits and the share split in its calculation) over the nearly 21 year listing of NZR (the period between 1961 and 1989 is excluded because no shareprice or dividend details are available so the return will be higher than stated here), an approximate annual net return just over 371.%.

This is approximately a 2000% better return when compared to the average of all NZX indexes.





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
Mainfreight Ltd
Metlifecare Ltd
Port Of Tauranga Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Telecom NZ Ltd
Telstra Corp Ltd
The Warehouse Group Ltd


NZR @ Share Investor

Chart of the Week: New Zealand Refining Ltd
Stock of the Week: NZ Refining Ltd

Discuss NZR @ Share Investor Forum

Download NZR Company Reports


** New Zealand Just drew with Italy 1-1 in the World Cup after Italy got a Hollywood penalty goal. The All-Whites rock! Check out all the NZ WorldCup talk here.


Recommended Amazon Reading


The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $7.50
Usually ships in 24 hours

Buy The Intelligent Investor & more @ Fishpond.co.nz




c Share Investor 2010