Sunday, December 26, 2010

Share Investor Portfolio: Value at 27 December 2010

The Share Investor Portfolio had a good week last week and was up well on last weeks update. The portfolio was up by 1% or $2782.91. The main reason for the rise was a 5c gain in the biggest part of the portfolio, Sky City and another surge in the Mainfreight share price. There were small gains in most other stocks.

The total of unspent dividends in the bank from the 2010 earnings year is $16631.93 at close of reporting season for 2010. There are also approx $50000.00 in tax credits earned fromLink the portfolio since it began in late 2002.

The final portfolio update for 2010 will be coming this week.

Share Investor Portfolio as at 17:30:00, Friday 24 December, 2010 (NZDT)

Stock
Quantity
Cost price
Total cost
Market price
Market value
Change

AIA

2,000 $1.700 $3,400.00 $2.170 $4,340.00 $940.00 27.65%
AIA

2,000 $1.510 $3,020.00 $2.170 $4,340.00 $1,320.00 43.71%
AIA

803 $2.150 $1,726.45 $2.170 $1,742.51 $16.06 0.93%
AIA

445 $0.000 $0.00 $2.170 $965.65 $965.65
AIA

64 $1.650 $105.60 $2.170 $138.88 $33.28 31.52%
ASBPB

2,946 $0.000 $0.00 $0.722 $2,127.01 $2,127.01
ASBPB

7,054 $1.000 $7,054.00 $0.722 $5,092.99 $1,961.01 27.80%
BGR

438 $0.000 $0.00 $1.400 $613.20 $613.20
BGR

2,562 $0.990 $2,536.38 $1.400 $3,586.80 $1,050.42 41.41%
FBU

266 $0.000 $0.00 $7.750 $2,061.50 $2,061.50
FBU

848 $9.750 $8,268.00 $7.750 $6,572.00 $1,696.00 20.51%
FPH

3,000 $2.350 $7,050.00 $3.160 $9,480.00 $2,430.00 34.47%
FPH

541 $0.000 $0.00 $3.160 $1,709.56 $1,709.56
FPH

1,459 $3.720 $5,427.48 $3.160 $4,610.44 $817.04 15.05%
FRE

1,882 $0.000 $0.00 $3.120 $5,871.84 $5,871.84
FRE

6,749 $3.630 $24,498.87 $3.120 $21,056.88 $3,441.99 14.05%
GFF

541 $0.000 $0.00 $1.850 $1,000.85 $1,000.85
GFF

1,459 $2.330 $3,399.47 $1.850 $2,699.15 $700.32 20.60%
HLG

244 $0.000 $0.00 $4.080 $995.52 $995.52
HLG

756 $2.530 $1,912.68 $4.080 $3,084.48 $1,171.80 61.26%
KIP

190 $0.000 $0.00 $0.990 $188.10 $188.10
KIP

810 $1.480 $1,198.80 $0.990 $801.90 $396.90 33.11%
MFT

1,000 $7.960 $7,960.00 $7.920 $7,920.00 $40.00 0.50%
MFT

1,838 $8.000 $14,704.00 $7.920 $14,556.96 $147.04 1.00%
MFT

657 $0.000 $0.00 $7.920 $5,203.44 $5,203.44
MFT

1,505 $4.200 $6,321.00 $7.920 $11,919.60 $5,598.60 88.57%
MHI

1,646 $0.860 $1,415.56 $0.870 $1,432.02 $16.46 1.16%
MHI

7,000 $0.630 $4,410.00 $0.870 $6,090.00 $1,680.00 38.10%
MHI

718 $0.000 $0.00 $0.870 $624.66 $624.66
MHI

636 $1.050 $667.80 $0.870 $553.32 $114.48 17.14%
PPG

31 $0.000 $0.00 $0.290 $8.99 $8.99
PPG

1,500 $0.440 $660.00 $0.290 $435.00 $225.00 34.09%
PPG

1,004 $0.800 $803.20 $0.290 $291.16 $512.04 63.75%
PPL

1,000 $3.090 $3,090.00 $1.640 $1,640.00 $1,450.00 46.93%
PPL

1,000 $2.870 $2,870.00 $1.640 $1,640.00 $1,230.00 42.86%
PPL

939 $4.200 $3,943.80 $1.640 $1,539.96 $2,403.84 60.95%
PPL

877 $0.000 $0.00 $1.640 $1,438.28 $1,438.28
PPL

1,184 $1.530 $1,811.52 $1.640 $1,941.76 $130.24 7.19%
RYM

459 $0.000 $0.00 $2.290 $1,051.11 $1,051.11
RYM

4,586 $1.970 $9,034.42 $2.290 $10,501.94 $1,467.52 16.24%
SKC

5,750 $7.430 $42,722.50 $3.370 $19,377.50 $23,345.00 54.64%
SKC

1,000 $7.600 $7,600.00 $3.370 $3,370.00 $4,230.00 55.66%
SKC

2,750 $7.700 $21,175.00 $3.370 $9,267.50 $11,907.50 56.23%
SKC

1,431 $8.750 $12,521.25 $3.370 $4,822.47 $7,698.78 61.49%
SKC

25,085 $0.000 $0.00 $3.370 $84,536.45 $84,536.45
SKC

899 $4.720 $4,243.28 $3.370 $3,029.63 $1,213.65 28.60%
STU

78 $0.000 $0.00 $2.120 $165.36 $165.36
STU

322 $4.740 $1,526.28 $2.120 $682.64 $843.64 55.27%
WHS

4,500 $3.730 $16,785.00 $3.540 $15,930.00 $855.00 5.09%
WHS

6,979 $6.000 $41,874.00 $3.540 $24,705.66 $17,168.34 41.00%
WHS

2,880 $0.000 $0.00 $3.540 $10,195.20 $10,195.20
WHS

641 $3.710 $2,378.11 $3.540 $2,269.14 $108.97 4.58%

18.73%


Total cost Market value Change

$278,114.45 $330,219.01 $52,104.56


Share Investor Portfolio @ Share Investor


Share Investor Portfolio: Value @ 20 December 2010
Share Investor Portfolio: Value @ 13 December 2010
Share Investor Portfolio: Value @ 6 December 2010
Share Investor Portfolio: Value @ 29 November 2010
Share Investor Portfolio: Value @ 22 November 2010
Share Investor Portfolio: Value @ 15 November 2010
Share Investor Portfolio: Value @ 8 November 2010
Share Investor Portfolio: Value @ 1 November 2010
Share Investor Portfolio: Value @ 25 October 2010
Share Investor Portfolio: Value @ 18 October 2010
Share Investor Portfolio: Value @ 11 October 2010
Share Investor Dividends


Share Investor's Annual Stock Picks

Share Investor's 2011 Stock Picks
Share Investor's 2010 Stock Picks
Share Investor's 2009 Stock Picks
Share Investor's 2008 stock picks


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c Share Investor 2010 & 2011

Thursday, December 23, 2010

Stock of the Week: Mainfreight Ltd



Mainfreight Ltd [MFT.NZX] has had a simply outstanding run in its share price over 2010 (see YTD chart above) and especially in the last month or so. The stock started 2010 at just over $5.55 and closed trading yesterday at $7.96. The last month has seen the stock rise from $7.25. (see one month chart below)It has come off a low of $3.25 in early 2009.


The stock is now back at levels that it was trading in early 2007 (see five year chart below) and few NZX stocks have managed to do that pre the October 2008 stockmarket crash.

LinkI bought my initial shareholding at $7.96 and $8 4 years ago (clearly picked the wrong time there) and my most recent addition in 2009 for $4.20. To me it looks like the stock price has run away with itself.

The company has largely recovered from the recession but we will have to see a couple of years of sustained growth before the expectations of the market match the share price.

Beware before you buy !

I see good long-term value based on the current share price, otherwise I wouldn't have bought it at its peak 3 - 4 years ago (there was also a very big dividend involved in my buying that stock as well) but you could well get it cheaper at some stage during 2011 as the market realises it might well have overreacted.

Quality companies like this though always rise to the top.


Link

Disc I own MFT shares in the Share Investor Portfolio


Stock of the Week Series


Pumpkin Patch Ltd
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c Share Investor 2010

Monday, December 20, 2010

Michael Hill International: "Takeover" Undervalues the Company

The "takeover offer" being made to all shareholders in Micheal Hill International Ltd [MHI.NZX]by the Michael Hill Family Holding Company Durante Holdings Pty Limited (Durante), the holding company for the 47.63 per cent of the total shares in MHI owned by interests associated with Mr Michael Hill, is one that has appeared to get around the takeovers code by offering to buy 5% of current MHI shareholders in the company an offer to buy their shares at 90c each.

Typically any shareholding above 50% automatically kicks off what should be a full takeover for the target company but MHI seems to have found a loophole after abandoning an initial plan back in September after floating the idea initially in August.

Of course any shareholding above 50% gives the owner complete control of the company.

I labelled this a Claytons takeover in August and still consider this a blatant disregard for shareholder rights.

I will not be selling any of my shares for the above reasons and because the offer of 90c per share for effectively full control of the company is not enough premium for full control and undervalues the company and its long term potential.

I possibily risk a potential interview with Michael that I have been trying to organize for 2011 (I have his cell phone number but he doesn't always return his calls) by speaking out like this but I care about shareholders before the business owners.

If you are thinking of selling, please don't. Apart from the shenanigans associated with this power play the company is very well managed and has a great long term future and you would be undervaluing your investment in the company if you sold so cheaply.


Disc I own MHI shares in the Share Investor Portfolio


MHI Takeover

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c Share Investor 2010

Share Investor Portfolio: Value @ 20 December 2010

The Share Investor Portfolio had a good week last week and was up significantly on last weeks portfolio update. The portfolio was up by 2.24% or $6243.43. The main reason for the big rise was a 19c gain in the biggest part of the portfolio, Sky City. There were good rises in most other shares but the retail stocks in the portfolio were hit hard, especially The Warehouse which was down 19c and is the second largest part of the portfolio.

The total of unspent dividends in the bank from the 2010 earnings year is $16631.93 at close of reporting season for 2010. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.


Share Investor Portfolio as at 17:30:00, Friday 17 December, 2010 (NZDT)

Stock
Quantity
Cost price
Total cost
Market price
Market value
Change
%
AIA

2,000 $1.700 $3,400.00 $2.140 $4,280.00 $880.00 25.88%
AIA

2,000 $1.510 $3,020.00 $2.140 $4,280.00 $1,260.00 41.72%
AIA

803 $2.150 $1,726.45 $2.140 $1,718.42 $8.03 0.47%
AIA

445 $0.000 $0.00 $2.140 $952.30 $952.30
AIA

64 $1.650 $105.60 $2.140 $136.96 $31.36 29.70%
ASBPB

2,946 $0.000 $0.00 $0.720 $2,121.12 $2,121.12
ASBPB

7,054 $1.000 $7,054.00 $0.720 $5,078.88 $1,975.12 28.00%
BGR

438 $0.000 $0.00 $1.400 $613.20 $613.20
BGR

2,562 $0.990 $2,536.38 $1.400 $3,586.80 $1,050.42 41.41%
FBU

266 $0.000 $0.00 $7.730 $2,056.18 $2,056.18
FBU

848 $9.750 $8,268.00 $7.730 $6,555.04 $1,712.96 20.72%
FPH

3,000 $2.350 $7,050.00 $3.090 $9,270.00 $2,220.00 31.49%
FPH

541 $0.000 $0.00 $3.090 $1,671.69 $1,671.69
FPH

1,459 $3.720 $5,427.48 $3.090 $4,508.31 $919.17 16.94%
FRE

1,882 $0.000 $0.00 $3.100 $5,834.20 $5,834.20
FRE

6,749 $3.630 $24,498.87 $3.100 $20,921.90 $3,576.97 14.60%
GFF

541 $0.000 $0.00 $1.820 $984.62 $984.62
GFF

1,459 $2.330 $3,399.47 $1.820 $2,655.38 $744.09 21.89%
HLG

244 $0.000 $0.00 $4.100 $1,000.40 $1,000.40
HLG

756 $2.530 $1,912.68 $4.100 $3,099.60 $1,186.92 62.06%
KIP

190 $0.000 $0.00 $0.980 $186.20 $186.20
KIP

810 $1.480 $1,198.80 $0.980 $793.80 $405.00 33.78%
MFT

1,000 $7.960 $7,960.00 $7.870 $7,870.00 $90.00 1.13%
MFT

1,838 $8.000 $14,704.00 $7.870 $14,465.06 $238.94 1.63%
MFT

657 $0.000 $0.00 $7.870 $5,170.59 $5,170.59
MFT

1,505 $4.200 $6,321.00 $7.870 $11,844.35 $5,523.35 87.38%
MHI

1,646 $0.860 $1,415.56 $0.850 $1,399.10 $16.46 1.16%
MHI

7,000 $0.630 $4,410.00 $0.850 $5,950.00 $1,540.00 34.92%
MHI

718 $0.000 $0.00 $0.850 $610.30 $610.30
MHI

636 $1.050 $667.80 $0.850 $540.60 $127.20 19.05%
PPG

31 $0.000 $0.00 $0.280 $8.68 $8.68
PPG

1,500 $0.440 $660.00 $0.280 $420.00 $240.00 36.36%
PPG

1,004 $0.800 $803.20 $0.280 $281.12 $522.08 65.00%
PPL

1,000 $3.090 $3,090.00 $1.630 $1,630.00 $1,460.00 47.25%
PPL

1,000 $2.870 $2,870.00 $1.630 $1,630.00 $1,240.00 43.21%
PPL

939 $4.200 $3,943.80 $1.630 $1,530.57 $2,413.23 61.19%
PPL

877 $0.000 $0.00 $1.630 $1,429.51 $1,429.51
PPL

1,184 $1.530 $1,811.52 $1.630 $1,929.92 $118.40 6.54%
RYM

459 $0.000 $0.00 $2.300 $1,055.70 $1,055.70
RYM

4,586 $1.970 $9,034.42 $2.300 $10,547.80 $1,513.38 16.75%
SKC

5,750 $7.430 $42,722.50 $3.320 $19,090.00 $23,632.50 55.32%
SKC

1,000 $7.600 $7,600.00 $3.320 $3,320.00 $4,280.00 56.32%
SKC

2,750 $7.700 $21,175.00 $3.320 $9,130.00 $12,045.00 56.88%
SKC

1,431 $8.750 $12,521.25 $3.320 $4,750.92 $7,770.33 62.06%
SKC

25,085 $0.000 $0.00 $3.320 $83,282.20 $83,282.20
SKC

899 $4.720 $4,243.28 $3.320 $2,984.68 $1,258.60 29.66%
STU

78 $0.000 $0.00 $2.150 $167.70 $167.70
STU

322 $4.740 $1,526.28 $2.150 $692.30 $833.98 54.64%
WHS

4,500 $3.730 $16,785.00 $3.560 $16,020.00 $765.00 4.56%
WHS

6,979 $6.000 $41,874.00 $3.560 $24,845.24 $17,028.76 40.67%
WHS

2,880 $0.000 $0.00 $3.560 $10,252.80 $10,252.80
WHS

641 $3.710 $2,378.11 $3.560 $2,281.96 $96.15 4.04%


17.73%


Total cost Market value Change

$278,114.45 $327,436.10 $49,321.65


Share Investor Portfolio @ Share Investor

Share Investor Portfolio: Value @ 13 December 2010
Share Investor Portfolio: Value @ 6 December 2010
Share Investor Portfolio: Value @ 29 November 2010
Share Investor Portfolio: Value @ 22 November 2010
Share Investor Portfolio: Value @ 15 November 2010
Share Investor Portfolio: Value @ 8 November 2010
Share Investor Portfolio: Value @ 1 November 2010
Share Investor Portfolio: Value @ 25 October 2010
Share Investor Portfolio: Value @ 18 October 2010
Share Investor Portfolio: Value @ 11 October 2010
Share Investor Dividends

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c Share Investor 2010