Share Investor

Thursday, December 8, 2011

Allan Hubbard Saga: The Dirty Half - Dozen

I will be watching with interest the fraud case unfolding in January as 5 individuals were charged yesterday with 21 counts of fraud over the collapse of South Canterbury Finance in 2010.

Their dodgy behavior led to the biggest ever loss in a fraud case in New Zealand and has cost the taxpayer $1.7 billion dollars.

Serious Fraud Office CEO Adam Feeley said the 21 charges allege a variety of offences, including theft by a person in a special relationship; obtaining by deception; false statements by the promoter of a company; and false accounting. The charges carried maximum penalties of between seven and 10 years in prison.

These charges come after 14 months of investigation into the late Allan Hubbard and his involvement in the fraud as the head of South Canterbury Finance and readers will know that he was involved heavily in the day to day running of the company so would have been aware of at least some of the charges made against South Canterbury and even if he wasn't aware the buck stopped with him as head of the company.

What is thus far clear is that there has been systematic fraud within SCF for a number of years but what isnt clear is what part the tight five charged played in that fraud.

It will be a tough court case followed closely by the media and the only hope from this individual is that theses charges attract near or at the maximum sentences if the 5 are found guilty.

Adam Feely indicated yesterday that Allan Hubbard was "a person of interest" in the fraud investigation but he was unable to lay charges against him because of his demise and his estate cannot be charged - charges would clearly have been made yesterday had Hubbard still been around to face them.

I wasn't certain that others would be implicated in these fraud charges and Hubbard watchers would then have little idea what sort of justice he would face had he been able to face charges but we will be able to see with some detail what part he may have played as evidence is given from the tight five.

And Allan makes 6 if you like.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

Monday, December 5, 2011

Share Investor Portfolio: Value @ 5 December 2011

The Share Investor Portfolio was up over the last week. In the first week of December the portfolio was up considerably, by 2.78% or $7308.02 on the November 28 update .
The biggest contributor to the rise was SKC with a 14c increase while most other stocks had small gains.
For the first 47 weeks of 2011 the portfolio has increased by 7.79% or $19103.93.
The total of unspent dividends and interest in the bank as at 26 Nov 2011 from the 2010 - 2011 earnings years is $32,398.33 at close of reporting season for 2010 and near the end of the 2011 2nd half reporting year. There are also approx $60000.00 in tax credits earned from the portfolio since it began in late 2002.

The Share Investor Portfolio has increased in value by 13.35% or $35255.74 since I began tracking it for this blog on October 11 2010

Track the Share Investor Portfolio 2 .

NB - This portfolio will be tracked monthly after this issue.

Share Investor Portfolio as at 17:30:00, Monday 05 December, 2011 (NZDT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

AIA

2,000

$1.700

$3,400.00

$2.350

$4,700.00

$1,300.00

38.24%

AIA

2,000

$1.510

$3,020.00

$2.350

$4,700.00

$1,680.00

55.63%

AIA

674

$0.000

$0.00

$2.350

$1,583.90

AIA

638

$2.150

$1,371.70

$2.350

$1,499.30

$127.60

9.30%

ASBPB

3,177

$0.000

$0.00

$0.632

$2,007.86

ASBPB

6,823

$1.000

$6,823.00

$0.632

$4,312.14

$2,510.86

36.80%

BGR

725

$0.000

$0.00

$1.410

$1,022.25

BGR

2,275

$0.990

$2,252.25

$1.410

$3,207.75

$955.50

42.42%

FBU

303

$0.000

$0.00

$6.360

$1,927.08

FBU

811

$9.750

$7,907.25

$6.360

$5,157.96

$2,749.29

34.77%

FPH

3,000

$2.350

$7,050.00

$2.420

$7,260.00

$210.00

2.98%

FPH

707

$0.000

$0.00

$2.420

$1,710.94

FPH

1,293

$3.720

$4,809.96

$2.420

$3,129.06

$1,680.90

34.95%

FRE

6,405

$3.630

$23,250.15

$3.390

$21,712.95

$1,537.20

6.61%

FRE

2,226

$0.000

$0.00

$3.390

$7,546.14

GFF

607

$0.000

$0.00

$0.700

$424.90

GFF

1,393

$2.330

$3,245.69

$0.700

$975.10

$2,270.59

69.96%

HLG

366

$0.000

$0.00

$3.630

$1,328.58

HLG

634

$2.530

$1,604.02

$3.630

$2,301.42

$697.40

43.48%

KIP

740

$1.480

$1,095.20

$1.020

$754.80

$340.40

31.08%

KIP

214

$0.000

$0.00

$1.020

$218.28

MFT

1,000

$7.960

$7,960.00

$10.300

$10,300.00

$2,340.00

29.40%

MFT

1,838

$8.000

$14,704.00

$10.300

$18,931.40

$4,227.40

28.75%

MFT

929

$0.000

$0.00

$10.300

$9,568.70

MFT

1,233

$4.200

$5,178.60

$10.300

$12,699.90

$7,521.30

145.24%

MHI

1,646

$0.860

$1,415.56

$0.930

$1,530.78

$115.22

8.14%

MHI

7,000

$0.630

$4,410.00

$0.930

$6,510.00

$2,100.00

47.62%

MHI

209

$1.050

$219.45

$0.930

$194.37

$25.08

11.43%

MHI

1,145

$0.000

$0.00

$0.930

$1,064.85

PPG

1,004

$0.800

$803.20

$0.250

$251.00

$552.20

68.75%

PPG

1,443

$0.440

$634.92

$0.250

$360.75

$274.17

43.18%

PPG

$0.000

$0.00

$0.250

$22.00

PPL

1,000

$3.090

$3,090.00

$0.630

$630.00

$2,460.00

79.61%

PPL

1,000

$2.870

$2,870.00

$0.630

$630.00

$2,240.00

78.05%

PPL

939

$4.200

$3,943.80

$0.630

$591.57

$3,352.23

85.00%

PPL

975

$0.000

$0.00

$0.630

$614.25

PPL

1,086

$1.530

$1,661.58

$0.630

$684.18

$977.40

58.82%

RYM

653

$0.000

$0.00

$2.590

$1,691.27

RYM

4,347

$1.970

$8,563.59

$2.590

$11,258.73

$2,695.14

31.47%

SKC

5,750

$7.430

$42,722.50

$3.400

$19,550.00

$23,172.50

54.24%

SKC

2,750

$7.700

$21,175.00

$3.400

$9,350.00

$11,825.00

55.84%

SKC

1,431

$8.750

$12,521.25

$3.400

$4,865.40

$7,655.85

61.14%

SKC

781

$7.600

$5,935.60

$3.400

$2,655.40

$3,280.20

55.26%

SKC

26,203

$0.000

$0.00

$3.400

$89,090.20

STU

$0.000

$0.00

$2.080

$205.92

STU

301

$4.740

$1,426.74

$2.080

$626.08

$800.66

56.12%

WHS

6,979

$6.000

$41,874.00

$3.170

$22,123.43

$19,750.57

47.17%

WHS

3,761

$0.000

$0.00

$3.170

$11,922.37

WHS

4,260

$3.730

$15,889.80

$3.170

$13,504.20

$2,385.60

15.01%

	Total cost	Market value	Change
	$262,828.81	$328,907.16	$66,078.35

Share Investor Portfolio 2: Value @ 5 December 2011

The Share Investor 2 Portfolio is a separate portfolio apart from the original Share Investor Portfolio and contains just one share, Contact Energy Ltd [CEN.NZX]. It will only have this one share in it and has a far shorter time frame than the original long-term portfolio that I started 8 years ago.

The portfolio was started July 7 with 9000 shares purchased at $5.34 at a total cost of $48,060.00 and $144.18 in brokerage.

After the 150th day of trading the portfolio was up sharply in the first week of December by $3600.00 or 7.66% - its biggest ever rise - on the November 28 update to be worth a total of $50,850.00.

The portfolio is up by 8.23% since tracking began on July 7 2011.

NB - This portfolio will be tracked monthly after this issue.

Share Investor 2 Portfolio as at 17:30:00, Monday 05 December, 2011 (NZDT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

CEN

202

$0.000

$0.00

$5.650

$1,141.30

CEN

8,798

$5.340

$46,981.32

$5.650

$49,708.70

$2,727.38

5.81%

8.23%

	Total cost	Market value	Change
	$46,981.32	$50,850.00	$3,868.68

Share Investor

Thursday, December 8, 2011

Allan Hubbard Saga: The Dirty Half - Dozen

Monday, December 5, 2011

Share Investor Portfolio: Value @ 5 December 2011

Share Investor Portfolio 2: Value @ 5 December 2011

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