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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.
Cavalier Corporation Ltd [CAV.NZ] has been a good performing stock listed on the NZX. Since its July 1984 listing CAV has done well. We start at an adjusted $1.25* to make our comparison. $3.085c in net dividends** and 30% more in tax credits (see chart above) a 2:1 share split in 2002 gives CAV a 620% 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) and over the nearly 20 year listing*** of CAV an approximate annual net return of over 31%.
This is approximately a 100% better return when compared to the average of all NZX indexes.
Earliest available data *
Dividend data range: 1994 - 2010**
Available share price data***
Dividend data range: 1994 - 2010**
Available share price data***
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
Hallenstein Glasson Holdings Ltd
Hellaby Holdings Ltd
Kirkcaldie & Stains Ltd
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
New Zealand Refining Ltd
New Zealand Stock Exchange Ltd
Nuplex Industries Ltd
Port Of Tauranga Ltd
Postie Plus Group Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
The Warehouse Group Ltd
Cavalier Corp @ Share Investor
Cavalier Corp: Profit Upgrade off low 2009 Result
Download CAV Company Reports
Discuss CAV @ Share Investor Forum
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The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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