Monday, July 5, 2010

Long Term View: New Zealand Stock Exchange 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 Stock Exchange Ltd [NZX.NZ] has been a very good investment for those who have been shareholders since its listed in June 2003 at $3.60.

With $1.70c in net dividends and 30% more in tax credits (see chart above for adjust figures) plus a 2:1 share split issue in 2006 and a 4:1 in 2009 gives NZX a slightly more than 400% return (see chart below for the share price percentage gain against the average of all NZX indexes - does not include dividends and tax credits in its calculation) over the 7 year listing of NZX gives an approximate annual net return of just under 57 %.





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
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
New Zealand Refining Ltd
Port Of Tauranga 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


NZX @ Share Investor

The NZX continues to lose ground with retail investors
NZX Share Split good news for profit takers
New Zealand Stockmarket: A History from beginning to Present
NZX needs competition
NZX sneaks out embarrassing carbon disclosure after dark
Bruce Sheppard: Mark Weldon - "The Sheriff of Nottingham
Bruce Sheppard: Explanation Received
Bruce Sheppard: Please Explain
Mark Weldon Strikes out on Carbon Trading
Mark Weldon now in two minds about Carbon Trading
Quote of the Year

Discuss NZX @ Share Investor Forum

Download NZX Company Reports



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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