Long vs Short: Pumpkin Patch Ltd

In this fifth installment of the Long vs Short series I am once again going to take look at the chart comparisons for a stock from the Share Investor Portfolio and compare the 4 year return (above chart) (PPL listed June 15 2004, so I cant give you a 10 year period like other stocks in this series) to the turmoil of the last year with a 1 year return chart (large chart at bottom of post).

In this series I want to show the merits of investing, using charts, for the long-term vs short term gains or losses. I will use the longest available data to me for the long-term view (10 years )and will make a comparison against the NZX50.

In the fifth of this segment of Long vs Short I will take a look at Pumpkin Patch Ltd [PPL.NZ]

I currently hold 5000 Pumpkin Patch shares after buying 1000 in August 2006 and have added more since then to take the total to 5000 (see small chart below for detail)

Now this is one of the worst performing shares in the portfolio so I expected a poor result for my shareholding which spans about 2.5 years.

I was right!

My Portfolio
Symbol	Price	Value	Earned
PPL.NZ	$0.900	$4500	$-8200
You own 5000 [PPL.NZ] shares purchased at $2.54 [$12700]

If I had held this stock for a full 4.5 years of company listing (see large chart at top) my return would have been 60%-including dividends, tax credits and minus brokerage, the NZX is a gross index of stocks.

By comparison if I had held the stock for just one year (see large chart below) my return would have been a loss of just under 30%.

My total return after 2.5 years or so is a loss of 64% (see small chart on left) That is after dividends and tax credits are added and brokerage applied.

When I initially started this edition of the Long vs Short Series I was expecting to see the long-term return to be negative because the stock has really been hammered. If you were lucky enough to participate in the June 2004 IPO at NZ$1.25 you would still have had a 60% return after collecting the dividends and tax credits, even though the share price ended at 90c today.

Long is still winning after five editions of Long vs Short.






Pumpkin Patch @ Share Investor

Pumpkin Patch Buyback shows Confidence in the Future
Pumpkin Patch takes a hit
Pumpkin Patch ripe for the picking
What is Jan Cameron up to?
I'm buying
Why did you buy that Stock? [Pumpkin Patch]
Rod Duke's Pumpkin Patch gets bigger
Buyer of large piece of Pumpkin Patch a mystery
Pumpkin Patch a screaming buy
Broker downgrades of PPL lack long term vision
Pumpkin's expansion comes at a cost
Pumpkin Patch vs Burger Fuel
Pumpkin Patch profits flatten
New Zealand Retailers ring up costs not tills


Long vs Short series

Fisher & Paykel Healthcare
Mainfreight Ltd
The Warehouse Group
Sky City Entertainment

Related Reading

Pumpkin Patch financial data

• Summary
• Charts
• Dividends
• News
• Announcements
• Price History
• Related Securities

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c Share Investor 2009

Follow Share Investor's Portfolio: Edition 2

It is about time we took another look at the Share Investor Portfolio. All this market hurly burly surely must have made a significant difference right? Last time we took a look on November 24 (or see portfolio below the current one).

When we compare it with the latest update from Thursday 5th Feb market close we can see that the portfolio is actually mostly marking time, if not slightly up.

The biggest gainer in the portfolio Sky City Entertainment, [SKC.NZ] is up and the biggest loser, Pumpkin Patch Ltd, [PPL.NZ] is even stevens.

I don't look at the Share Investor Portfolio all the time-apart from being depressing you all know that I am a long-term stockholder-but after a 2 month comparison things really don't seem that bad at all.

Share Investor Portfolio @ 5 February 2009

ASB Capital No.2	0.8	0	(0.00%)
Auckland International	1.9	0.02	(1.06%)
Briscoe Group Ltd	0.8	0.03	(3.90%)
Fisher & Paykel Health	3.29	-0.05	(-1.50%)
Fletcher Building	5.52	-0.01	(-0.18%)
Freightways Ltd	2.95	-0.05	(-1.67%)
Goodman Fielder Ltd	1.76	-0.01	(-0.56%)
Hallenstein Glasson	2.16	-0.04	(-1.82%)
Kiwi Income Prop	1.03	0	(0.00%)
Mainfreight Ltd	4	0.1	(2.56%)
Michael Hill Inte	0.53	0.02	(3.92%)
Postie Plus Group	0.3	0.01	(3.45%)
Pumpkin Patch Ltd	0.93	0.01	(1.09%)
Ryman Healthcare	1.37	0	(0.00%)
Sky City Entertainment	3.08	-0.01	(-0.32%)
Steel & Tube Holdings	3.06	-0.04	(-1.29%)
The Warehouse Group	3.6	-0.1	(-2.70%)

Share Investor Portfolio @ 24 November 2008

ASB Capital No.2	0.85	-0.007	(-0.82%)
Auckland International	1.66	0.05	(3.11%)
Briscoe Group Ltd	0.75	0	(0.00%)
Fisher & Paykel Healthcare	3.01	-0.04	(-1.31%)
Fletcher Building	5.55	0.13	(2.40%)
Freightways Ltd	2.9	-0.03	(-1.02%)
Goodman Fielder Ltd	1.8	0	(0.00%)
Hallenstein Glasson	2.28	0	(0.00%)
Kiwi Income Property	1.04	0	(0.00%)
Mainfreight Ltd	4.25	0.04	(0.95%)
Michael Hill International	0.57	0.02	(3.64%)
Postie Plus Group	0.3	0	(0.00%)
Pumpkin Patch Ltd	0.93	0.13	(16.25%)
Ryman Healthcare	1.45	0.05	(3.57%)
Sky City Entertainment	2.98	0.01	(0.34%)
Steel & Tube Holdings	2.7	0	(0.00%)
The Warehouse Group	3.6	0.03	(0.84%)

Go here to see updated prices and refresh your browser to get the latest market price*

* 20 Mins delayed

**The two comparisons above are snapshots of performance for the Share Investor Portfolio on the given dates and have no relevance to its overall performance over the long-term.


You can follow the Share Investor Portfolio now by scrolling down the left hand side of any page of the blog and go to the "Share Investor's Portfolio" module. Each stock in my portfolio is listed there with a 20 min delayed feed of prices from Yahoo Finance and associated charts, news and NZX releases for the day.

See how badly or well it is doing.

You can also follow the daily market value of two individual shareholdings of mine, Sky City Entertainment and Pumpkin Patch, the best and worst performers in my portfolio respectively, just below the Share Investor's Portfolio module on the left-hand column of the blog. These update the dollar values of each stock and return they have given me thus far.


Related Share Investor reading

Why did you buy that stock?

Why did you buy that stock? [Fletcher Building Ltd]
Why did you buy that stock? [Freightways Ltd]
Why did you buy that stock? [Kiwi Income Property Trust]
Why did you buy that stock? [Hallenstein Glasson]
Why did you buy that stock? [Briscoe Group]
Why did you buy that stock? [Fisher & Paykel Healthcare]
Why did you buy that stock? [Pumpkin Patch Ltd]
Why did you buy that stock? [Ryman Healthcare]
Why did you buy that stock? [Michael Hill International]
Why did you buy that stock? [Mainfreight]
Why did you buy that stock? [The Warehouse]
Why did you buy that stock? [Goodman Fielder]
Why did you buy that stock? [Auckland Airport]
Why did you buy that stock? [Sky City Entertainment]

Shareinvestorforum.com- Discuss this Share Investor Post


Long vs Short series

Fisher & Paykel Healthcare
Mainfreight Ltd
The Warehouse Group
Sky City Entertainment


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c Share Investor 2008, 2009

Is another Auckland Airport bid likely under a business friendly Government?

Update: Read January 2012 rumour about Airport takeover 

Is Auckland International Airport set for M & A activity?

Its time for some not so idle speculation.

With the new National Government in place and the current relaxing of the rules around the RMA, the major planning law that has stopped economic development of New Zealand, we could expect to see developments in other areas of business in regards to relaxing laws and legislation to allow business to flow quicker and therefore more efficiently and more profitably.

A case in point that I would like to regurgitate is the fiasco that ended last year when it was vetoed by the then Labour administration, after over a year of political wrangling, the Auckland International Airport [AIA.NZ] sale saga.

Two suitors were vying for a slice of New Zealand's largest airport, first Dubai Aerospace Enterprise (DAE), then the Canadian Pension Plan Investment Board (CPPIB).

Both these bids eventually failed.

Both DAE and CPPIB were knocked back for no other than petty political reasons.

After these two bids failed Lloyd Morrison, through his company Infratil [IFT.NZ] and a partnership with the NZ Super Fund, accumulated around 9% of AIA.

Morrison also owns a majority stake in Wellington Airport and was behind a failed proposal to build a second airport in Auckland.

The thing is, since the relaxing of relevant business legislation one might expect the National Government's attitude to allowing private enterprise to do business freely, therefore opening up the possibility of another bid for the Airport-either by one or both of the spurned suitors or from Infratil.

The only impediment is the obvious funding problems now that credit is difficult to obtain.

However, The one most likely to bid would be DAE, because it is backed by massive oil derived financial backing and because Auckland Airport would be strategic to its global plans to expand its infrastructure.

It is interesting to speculate and this scenario isn't that far fetched.

AIA shares have added around 10% over the last few weeks.


Disclosure: I own AIA shares

AIA @ Share Investor

Is Auckland International Airport set for M & A activity?
Share Investor Q & A: Auckland Airport's Simon Moutter
Auckland Council look set for a Auckland Airport Takeover
Auckland City Council new AIA Policy Doc
Make me an offer I cant refuse: Auckland International Airport Ltd
Long Term View: Auckland International Airport
VIDEO - Simon Moutter on Australian Airport Purchase
Auckland Airport Capital Raising a fair call
Auckland International Airport lands Australian Ports
What Infratil sale of Auckland Airport stake means
Is another Auckland Airport bid likely under a business friendly Government?
Latest Airport coverage
Cullen's move on Auckland Airport has far reaching effects
Cullen's move on AIA tax plan Anti-Business
AIA profit stays grounded
Softening opposition to CPPIB bid for AIA
Directors of AIA bribe brokers not to sell
What is Auckland Airport worth to you?
Second bite at AIA by CPPIB might just fly
AIA new directors must focus on shareholders
Auckland Airport merger deal nosedives
The Canadians have landed
AIA incentive scheme must fly out the window
Government market manipulation over AIA/DAE deal
DAE move on AIA: Will it fly?


Queenstown Airport Buyout @ Share Investor

Queenstown Airport: Queenstown Airport Update
Auckland Airport CEO on Queenstown Airport Fracas
Queenstown Airport: Court Case looks set to Drag
Queenstown Airport: Loud Voices & Loyalty
Queenstown Airport: Air New Zealand's Crocodile Tears
Queenstown Airport: AIA purchase good Long-Term but will cost shareholders Short-Term

Discuss this Stock @ Share Investor Forum - Register free
Download AIA Company Reports

Think Bigger: How to Raise Your Expectations and Achieve Everything
By Michael Hill

c Share Investor 2009

Piece by piece, Nanny State is being dismantled

The removal by National of the Labour Party requirement for schools to be the food police is poetry to the ears and sending exactly the right message to pupils, teachers and parents.

Hopefully it is just the beginning of the end for the nanny state Labour so carefully engineered for us over the last 9 years.

It is the right and responsibility of the parents to give their children the right food, not lefty pollies, some of whom are too fat to move, let alone rub two braincells together in order to figure out that they are not surrogate parents to every man woman and child in our country.

This is the kind of warped thinking that the left specialise in: piece

Ms Kedgley said that arguing the children would still buy the products elsewhere was "a nonsense".

"Teenagers can buy cigarettes at the local dairy, but that doesn't mean we should allow them to sell them at school. NZ Herald.co.nz

A pie is hardly a cigarette Sue.

Bugger off, crawl into a sow crate and look after your own family, mine is fine.

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