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.
Mainfreight Ltd [MFT.NZ] has been exceptional to its shareholders in terms of returns since its IPO in 1996 at $1.00 and its subsequent listing in June of that year and even better for its owners when founded in 1978. 2 bonus share issues, plus $NZ 1.33 (approx, adjusted for the bonus issues) in net dividends (see chart above) paid and tax credits at an average of 30% , gives MFT a slightly more than 830% return (see chart below for the share price percentage gain against the average of all NZX indexes) over the 14 year listing, an approximate annual net return of just under 60%.
This is approximately a 600% better return when compared to the average of all NZX indexes.
Disclosure: I own MFT shares in the Share Investor Portfolio.
Long Term View Series
Auckland International Airport
Air New Zealand
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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 Ltd
Mainfreight @ Share Investor
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Long VS Short: Mainfreight Ltd
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Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks
Discuss MFT @ Share Investor Forum
Download Mainfreight Company Reports
Recommended Amazon Reading
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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