Tuesday, September 7, 2010

Long Term View: Abano Healthcare 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.

Abano Healthcare Group Ltd [ABA.NZX] has been on a roller-coaster in terms of stock prices and results since its 1999 listing* at 25c per share**. With $1.15c in net dividends and 30% more in tax credits, plus a 1:10 share consolidation in 2005 (see chart above)gives ABA an 1150% 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 10 year listing of ABA an annual net return of 115 %.

This compares to an approx 10% return from the average of all NZX indexes.

*ABA in it current form. Was initially listed in 1970 but has changed significantly since then in its business.

** Adjusted price



Long Term View Series

ASB Capital Preference Shares (A)

ASB Capital Preference Shares (B)
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Air New Zealand
AMP Ltd
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Fisher & Paykel Healthcare
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Sealegs Corp Ltd
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Skellerup Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Smiths City Group Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
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Trustpower Ltd
Turners Auctions Ltd
Turners & Growers Ltd
The Warehouse Group Ltd
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Westpac Banking Group Ltd


Abano Healthcare @ Share Investor

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Ready Fire Aim: The Mainfreight Story
Ready Fire Aim: The Mainfreight Story by Keith Davies






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