Share Investor's Total Returns: Pumpkin Patch Ltd

I have written about returns for stocks on a general basis in the Long Term View series of posts and the Long VS Short series but in this series, Share Investor's Total Returns, I will be giving my actual returns for stocks in the Share Investor Portfolio for as long as I have held them.

The return calculation will include dividends earned along with qualifying tax credits and of course any capital increase in the share price. It will be a total return over the length of holding of the share expressed in overall dollar figures with an individual value per share of what the stock currently is held at.

The sixth stock in this particular series is a perennial straggler in the portfolio and one that I have held for nearly 5 years, Pumpkin Patch Ltd [PPL.NZX]

The current holding of 5000 shares was kicked off by an initial purchase of 1000 in August 2006 plus another 3 purchases, the latest being June 2008.

The stock cost a total of $13220.00. It has returned net dividends of $1384.64 and total tax credits of $659.12, with $120.00 in brokerage.

I am eligible for the full tax credit so if the gross dividend (net dividend plus tax credits)is added and brokerage taken off my full return over the total holding period of 5 years is $1923.76

The current capital value of the company in the Share Investor Portfolio as at 20 May 2011 is $5950.00. The capital loss therefore is $7390.00. This gives a total return on this share of a loss of $5466.24. This is a negative 41% return over 5 years or a 8.2% loss per annum.


Disc: I own PPL shares in the Share Investor Portfolio


Share Investor's Total Returns Series

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Pumpkin Patch @ Share Investor

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Share Investor Portfolio: Value @ 20 May 2011

The Share Investor Portfolio was up in the third week of May. The portfolio was up by 0.99% or $2557.94 on the May 13 update . For the first 19 weeks of 2011 the portfolio has increased by 16.14 % or $41846.53 . This weeks rise was due, primarily, to a 3c rise in SKC, a 6c gain in FRE and a 4c gain in MFT. There were small rises in a few stocks and a larger number of smaller falls across the board.

$70.00 in dividends from KIP & $190.00 from RYM were included.

There was also $88.43 added from interest earned on dividend pool money.

The total of unspent dividends and interest in the bank as at 22 May from the 2010 - 2011 earnings years is $24482.95* at close of reporting season for 2010 and near the end of the 2011 1st half reporting 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 20.93% or $55603.78 since I began tracking it for this blog on October 11 2010.

Share Investor Portfolio as at 17:30:00, Friday 20 May, 2011 (NZT)

Stock	Quantity	Cost price	Total cost	Market price	Market value	Change	%
AIA	2,000	$1.700	$3,400.00	$2.315	$4,630.00	$1,230.00	36.18%
AIA	2,000	$1.510	$3,020.00	$2.315	$4,630.00	$1,610.00	53.31%
AIA	558	$0.000	$0.00	$2.315	$1,291.77	$1,291.77
AIA	754	$2.150	$1,621.10	$2.315	$1,745.51	$124.41	7.67%
ASBPB	3,109	$0.000	$0.00	$0.670	$2,083.03	$2,083.03
ASBPB	6,891	$1.000	$6,891.00	$0.670	$4,616.97	$2,274.03	33.00%
BGR	619	$0.000	$0.00	$1.510	$934.69	$934.69
BGR	2,381	$0.990	$2,357.19	$1.510	$3,595.31	$1,238.12	52.53%
FBU	284	$0.000	$0.00	$9.180	$2,607.12	$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	$3.110	$9,330.00	$2,280.00	32.34%
FPH	541	$0.000	$0.00	$3.110	$1,682.51	$1,682.51
FPH	1,459	$3.720	$5,427.48	$3.110	$4,537.49	$889.99	16.40%
FRE	2,054	$0.000	$0.00	$3.520	$7,230.08	$7,230.08
FRE	6,577	$3.630	$23,874.51	$3.520	$23,151.04	$723.47	3.03%
GFF	586	$0.000	$0.00	$1.400	$820.40	$820.40
GFF	1,414	$2.330	$3,294.62	$1.400	$1,979.60	$1,315.02	39.91%
HLG	299	$0.000	$0.00	$4.170	$1,246.83	$1,246.83
HLG	701	$2.530	$1,773.53	$4.170	$2,923.17	$1,149.64	64.82%
KIP	763	$1.480	$1,129.24	$1.045	$797.34	$331.91	29.39%
KIP	237	$0.000	$0.00	$1.045	$247.67	$247.67
MFT	1,000	$7.960	$7,960.00	$9.490	$9,490.00	$1,530.00	19.22%
MFT	1,838	$8.000	$14,704.00	$9.490	$17,442.62	$2,738.62	18.63%
MFT	657	$0.000	$0.00	$9.490	$6,234.93	$6,234.93
MFT	1,505	$4.200	$6,321.00	$9.490	$14,282.45	$7,961.45	125.95%
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	494	$1.050	$518.70	$0.930	$459.42	$59.28	11.43%
MHI	860	$0.000	$0.00	$0.930	$799.80	$799.80
PPG	31	$0.000	$0.00	$0.250	$7.75	$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	$1.190	$1,190.00	$1,900.00	61.49%
PPL	1,000	$2.870	$2,870.00	$1.190	$1,190.00	$1,680.00	58.54%
PPL	939	$4.200	$3,943.80	$1.190	$1,117.41	$2,826.39	71.67%
PPL	975	$0.000	$0.00	$1.190	$1,160.25	$1,160.25
PPL	1,086	$1.530	$1,661.58	$1.190	$1,292.34	$369.24	22.22%
RYM	555	$0.000	$0.00	$2.760	$1,531.80	$1,531.80
RYM	4,445	$1.970	$8,756.65	$2.760	$12,268.20	$3,511.55	40.10%
SKC	5,750	$7.430	$42,722.50	$3.740	$21,505.00	$21,217.50	49.66%
SKC	1,000	$7.600	$7,600.00	$3.740	$3,740.00	$3,860.00	50.79%
SKC	2,750	$7.700	$21,175.00	$3.740	$10,285.00	$10,890.00	51.43%
SKC	1,431	$8.750	$12,521.25	$3.740	$5,351.94	$7,169.31	57.26%
SKC	272	$4.720	$1,283.84	$3.740	$1,017.28	$266.56	20.76%
SKC	25,712	$0.000	$0.00	$3.740	$96,162.88	$96,162.88
STU	78	$0.000	$0.00	$2.690	$209.82	$209.82
STU	303	$4.740	$1,436.22	$2.690	$815.07	$621.15	43.25%
WHS	4,500	$3.730	$16,785.00	$3.680	$16,560.00	$225.00	1.34%
WHS	6,979	$6.000	$41,874.00	$3.680	$25,682.72	$16,191.28	38.67%
WHS	15	$3.710	$55.65	$3.680	$55.20	$0.45	0.81%
WHS	3,506	$0.000	$0.00	$3.680	$12,902.08	$12,902.08

32.76%

	Total cost	Market value	Change
	$270,499.12	$359,120.66	$88,621.54

*Adjusted up because of prior error


Share Investor Portfolio @ Share Investor

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Share Investor Portfolio: Value @ 11 October 2010
Share Investor Dividends


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Share Investor's 2011 Stock Picks: Looking Back
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c Share Investor 2011

Share Price Alert: Telecom New Zealand Ltd 3

Telecom NZ Ltd [TEL.NZX] shares have had an amazing run over the last month or so where the share price has taken off from $1.95 in mid April to finish trading at $2.33 yesterday, a rise of almost 20%.

With a share-price last reached in February - a 52 week high for the stock - the stock looks like getting overcooked to me and investors wishing to take a punt on anything that may come out of the fibre network rollout may want to temper their excitement because any additional revenue coming from it is many years away.

For the majority of the last year shares have been trading below 2 bucks and this is on 4 pieces of news out a month ago ( 1, 2, 3, 4 ) mostly related to taxpayer funded broadband.

The market is excited by the prospects for Telecom that subsidised broadband might bring but the payback for investment by the taxpayer and by the company itself is uncertain especially given the low speeds the company indicate their new fibre might bring and the restrictions and frustrations that will bring for customers as they realise they will not be able to do even a fraction of the things their mates overseas have been able to do for a decade or more already and that future speeds for global internet speeds (sans NZ) will be hundreds of times faster than ours.

I have a gut feeling the increased buying has come about from speculation that the company will win the majority of the tenders to rollout taxpayer funded broadband and if this happens Telecom as a company will have to be split into 2 separate companies, each presumably with its own NZX listing. Investors clearly see more value in the company as two seperate entities and see windfall profits if the company splits.

There is of course no guarantee that Telecom will win the majority of the government contracts, but more likely than not it will, and history typically shows that investors do benefit from company splits of this kind.

Market watchers though are ignoring the bungles the company has mismanaged with the introduction of new services and technology in the past so I remain skeptical of share price increases based on the possibility that the fibre roll-out will bear some positive fruit.

Until then performance for the company is likely to be more along the lines of weakening revenue, smaller profits and cost cutting.

Buy closer to 2 bucks on the inevitable pullback.


Share Price Alert Series


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Download TEL Company Reports
Discuss TEL at Share Investor Forum - Register free


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c Share Investor 2011