Share Investor

Wednesday, April 20, 2011

Share Price Alert: Sky Network Television Ltd

Sky Network Television Ltd [SKT.NZX] has been a major beneficiary of the strong NZ dollar over the last year or so and recently the dollar has been very strong vs the US dollar, the currency SKT buys its programming in, and the share price has responded in kind.

The share price has risen 13% since December 2010, around half of that over the last month or so, and its current share price as at 19 April 2011 of $5.75 looks fully valued based on recent results.

The current share price must be put in context of a 52 week high of $5.90c and a 52 week low of $4.51.

In order for the share price to break out of the 6 buck range the NZ dollar would have to sustainably push above the 80c mark against the US dollar and it is anyones guess whether that will happen.

If we focus on financial performance for the medium term things are looking good for the company, with new technology offerings giving Sky more reasons to extract additional revenue from current subscribers and also pull in new punters.

I couldn't have been more wrong back in April 2008 when I thought the company would come under pressure from new technology from competitors biting at the company's monopoly. SKT managed to grab the technology for themselves while potential competition has been left well and truly in the dust.

The combination of medium term revenue and profit increase looks good for the company but the impact of currency movements against SKT will clearly have a big impact on the bottomline.

Wait for a pullback from current prices if you are looking to buy.

Share Price Alert

Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd

Sky Network Television @ Share Investor

Long Term View: Sky Network Television Ltd
Watching Sky Television
Market Quickie: Sky TV Worth Watching

Discuss SKT @ Share Investor Forum
Download SKT Company Reports

Buy Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up - Fishpond.co.nz

c Share Investor 2011

Tuesday, April 19, 2011

Share Investor Q & A: Reader Questions to Tamaki Group Holding's Mike Tamaki

The latest Share Investor Q & A is a special one - it is the first one that has directly come out of the social media arena and the subject is from a private business and not a publicly listed one so there is likely to be more of a focus on the man behind the business and the back-story to that business rather than how well the company is doing financially. We will of course get his take on how the sector in which he is operating in is doing.

I found the subject via "Facebook friending" him and had some wild and whacky conversations on everything but business and investing and decided to give him some attention after a conversation we had about Tourism Holdings Ltd [THL.NZX] and its possible sale to Ballylinch LP, which left me wanting more.

Most would be familiar with his brother Brian Tamaki but Mike Tamaki really has let his love for Maori Culture, tourism, business and the combination of these three things to make a very successful tourism venture do the talking for him.

Mike is the founder and currently now joint owner/director of Tamaki Group Holdings with his brother Doug and their wives Karene and Kate and now employs over 120 staff across its two major attractions in Rotorua and Christchurch, with a third base to be built in Auckland's Manukau late 2011.

With the above in mind I thought I would like my readers to put some questions to Mike for a Share Investor Q & A and see what makes this guy and his business tick.

Please leave your questions here at the bottom of this post or email me here.

Share Investor Q & As

Auckland Airport's Simon Moutter
Warehouse Group CEO Ian Morrice
Briscoe Group CEO Rod Duke
Ryman Healthcare's CFO Gordon Macleod
Ecoya's Geoff Ross
Xero's Rod Drury
Mainfreight MD Don Braid
Burger Fuel Director Josef Roberts
Sky City CEO, Nigel Morrison
Sky City Entertainment: CEO Nigel Morrison discusses 2010 HY
Convention Centre proposal interview with Sky City CEO Nigel Morrison

Buy Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up - Fishpond.co.nz

c Share Investor 2011

Monday, April 18, 2011

Share Investor Portfolio: Value @ 15 April 2011

The Share Investor Portfolio was up well in the second week of April. The portfolio was up by 1.33% or $3604.38 on the April 8 update . For the first 15 weeks of 2011 the portfolio has increased by 9.54% or $24113.37 . This weeks rise was due, primarily, to a 3c rise in SKC, 7c rise in WHS and smaller rises across the board. Most of the remaining stocks were down marginally.

The total of unspent dividends and interest in the bank from the 2010 - 2011 earnings years is $23479.21 at close of reporting season for 2010 and near the end of the 2011 year. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

The Share Investor Portfolio has increased in value by 14.33% or $37870.53 since I began tracking it for this blog on October 11 2010.

Share Investor Portfolio as at 17:30:00, Friday 15 April, 2011 (NZT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

AIA

2,000

$1.700

$3,400.00

$2.185

$4,370.00

$970.00

28.53%

AIA

2,000

$1.510

$3,020.00

$2.185

$4,370.00

$1,350.00

44.70%

AIA

558

$0.000

$0.00

$2.185

$1,219.23

AIA

754

$2.150

$1,621.10

$2.185

$1,647.49

$26.39

1.63%

ASBPB

3,027

$0.000

$0.00

$0.680

$2,058.36

ASBPB

6,973

$1.000

$6,973.00

$0.680

$4,741.64

$2,231.36

32.00%

BGR

619

$0.000

$0.00

$1.420

$878.98

BGR

2,381

$0.990

$2,357.19

$1.420

$3,381.02

$1,023.83

43.43%

FBU

284

$0.000

$0.00

$9.180

$2,607.12

FBU

830

$9.750

$8,092.50

$9.180

$7,619.40

$473.10

5.85%

FPH

3,000

$2.350

$7,050.00

$3.180

$9,540.00

$2,490.00

35.32%

FPH

541

$0.000

$0.00

$3.180

$1,720.38

FPH

1,459

$3.720

$5,427.48

$3.180

$4,639.62

$787.86

14.52%

FRE

2,054

$0.000

$0.00

$3.340

$6,860.36

FRE

6,577

$3.630

$23,874.51

$3.340

$21,967.18

$1,907.33

7.99%

GFF

586

$0.000

$0.00

$1.600

$937.60

GFF

1,414

$2.330

$3,294.62

$1.600

$2,262.40

$1,032.22

31.33%

HLG

299

$0.000

$0.00

$3.900

$1,166.10

HLG

701

$2.530

$1,773.53

$3.900

$2,733.90

$960.37

54.15%

KIP

190

$0.000

$0.00

$1.000

$190.00

KIP

810

$1.480

$1,198.80

$1.000

$810.00

$388.80

32.43%

MFT

1,000

$7.960

$7,960.00

$9.340

$9,340.00

$1,380.00

17.34%

MFT

1,838

$8.000

$14,704.00

$9.340

$17,166.92

$2,462.92

16.75%

MFT

657

$0.000

$0.00

$9.340

$6,136.38

MFT

1,505

$4.200

$6,321.00

$9.340

$14,056.70

$7,735.70

122.38%

MHI

1,646

$0.860

$1,415.56

$0.900

$1,481.40

$65.84

4.65%

MHI

7,000

$0.630

$4,410.00

$0.900

$6,300.00

$1,890.00

42.86%

MHI

494

$1.050

$518.70

$0.900

$444.60

$74.10

14.29%

MHI

860

$0.000

$0.00

$0.900

$774.00

PPG

$0.000

$0.00

$0.250

$7.75

PPG

1,500

$0.440

$660.00

$0.250

$375.00

$285.00

43.18%

PPG

1,004

$0.800

$803.20

$0.250

$251.00

$552.20

68.75%

PPL

1,000

$3.090

$3,090.00

$1.300

$1,300.00

$1,790.00

57.93%

PPL

1,000

$2.870

$2,870.00

$1.300

$1,300.00

$1,570.00

54.70%

PPL

939

$4.200

$3,943.80

$1.300

$1,220.70

$2,723.10

69.05%

PPL

975

$0.000

$0.00

$1.300

$1,267.50

PPL

1,086

$1.530

$1,661.58

$1.300

$1,411.80

$249.78

15.03%

RYM

459

$0.000

$0.00

$2.470

$1,133.73

RYM

4,586

$1.970

$9,034.42

$2.470

$11,327.42

$2,293.00

25.38%

SKC

5,750

$7.430

$42,722.50

$3.440

$19,780.00

$22,942.50

53.70%

SKC

1,000

$7.600

$7,600.00

$3.440

$3,440.00

$4,160.00

54.74%

SKC

2,750

$7.700

$21,175.00

$3.440

$9,460.00

$11,715.00

55.32%

SKC

1,431

$8.750

$12,521.25

$3.440

$4,922.64

$7,598.61

60.69%

SKC

272

$4.720

$1,283.84

$3.440

$935.68

$348.16

27.12%

SKC

25,712

$0.000

$0.00

$3.440

$88,449.28

STU

$0.000

$0.00

$2.660

$207.48

STU

303

$4.740

$1,436.22

$2.660

$805.98

$630.24

43.88%

WHS

4,500

$3.730

$16,785.00

$3.520

$15,840.00

$945.00

5.63%

WHS

6,979

$6.000

$41,874.00

$3.520

$24,566.08

$17,307.92

41.33%

WHS

$3.710

$55.65

$3.520

$52.80

$2.85

5.12%

WHS

3,506

$0.000

$0.00

$3.520

$12,341.12

26.16%

	Total cost	Market value	Change
	$270,928.45	$341,816.74	$70,888.29

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c Share Investor 2011

Decent Disclosure

In writing this piece on the name suppression of Mark Hotchin and the issue of non disclosure by the courts of his name to the public I got to thinking about disclosure as a whole and what that meant in such a small country like New Zealand.

In the Hotchin Ponzi Scheme case, lack of disclosure of his name to potential investors in his failed Hanover Group had some well known and serious consequences for those people unaware of Mr Hotchin's financial background and non disclosure in New Zealand business has a long history of keeping investors in the dark when it comes to them making decisions based around who they might invest with.

We have seen bankrupted and disgraced company directors and CEOs continue to recycle themselves multiple times because there has either been no onus on them to disclose their past or they have not been compelled to disclose due to insufficient regulatory restraint.

The issue over the size of New Zealand is perhaps one of the more concerning areas around disclosure to the investing public. Each of us in this country on a personal level are only a few people removed from some stranger that a friend or the friend of a friend might know and in business this relationship is even closer.

This is apparent in boardrooms (and indeed bedrooms) across the business spectrum and the lack of honest and open revelation that one may have a conflict of interest in a business deal because they might already have some kind of interest in any of the other parties doing the deal is more often than not the staus quo.

This issue over the size of the business community in New Zealand and the subject of disclosure is perhaps more worrying and has its biggest impact in the arena of business journalism. This has always been the case with traditional media but has been happening more frequently and surreptitiously in the age of the internet and especially with the rise in popularity of social media like Twitter and Facebook.

I always declare any conflict I might have when I am writing here by adding a small disclosure note at the bottom of the post but that sort of thing is not often done these days. With some brokers and investment house CEOs doing their own writing across the various media platforms, it is misleading to say the least for individuals not to declare what bias they might have simply by declaring what shares they might own or manage, whether they have done business with someone in an industry they are writing about or whether they have some kind of personal relationship with their subject.

The issue of disclosure relates directly to the ability of a potential and current investor in an asset to trust as much as possible that the asset being invested in is what it is and along with an investors own research in facts and figures disclosure of conflict or potential conflict is an important part of cementing that trust.

Clear disclosure needs to happen more in such a small country and while I loath the heavy regulatory hand of the State with a passion more must be done in legislation to protect investors than they are currently in terms of disclosure.

Without clear disclosure, markets and business in general is that much the poorer in terms of our ability to have faith in what we invest in.

Recent Share Investor Reading

From Fishpond.co.nz

Buy Every Bastard Says No - The 42 Below Story, by Geoff Ross & Justine Troy & more @ Fishpond.co.nz

c Share Investor 2011

Share Investor

Wednesday, April 20, 2011

Share Price Alert: Sky Network Television Ltd

Tuesday, April 19, 2011

Share Investor Q & A: Reader Questions to Tamaki Group Holding's Mike Tamaki

Monday, April 18, 2011

Share Investor Portfolio: Value @ 15 April 2011

Decent Disclosure

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