Tuesday, July 20, 2010

Xena Saves the Day: Back Down on Mining Turning Point in Economy

Ayiyiiyiyiyiyi !!! Xena and her elite acting mob roared and the politicians listened.

The decision not to open conservation land up to mining is a big loss to New Zealand Inc and a turning point in our long-term economic sustainability.

Hairy arm-pitted losers (HAPLs) like Lucy Lawless,Keisha Castle Hughes and Robyn Malcolm are not really the people we want to follow down the green path to loserville but nevertheless we apparently are.

New Zealand as a country is in a sad economic state and we needed a big boost to get our economy going again to help get it to some sort of sustainable level (in the true sense of the word not the greeny airy fairy meaning) so then progress and pay our bills on time and pay for some of the social spending that the HAPLs want us to spend on their fellow HAPLs.

Mining was one of the keys that would have led us back to something approaching prosperity. Every other country in the world mines its minerals to help pay their countries bills but we are going to be content as gormless hairy, smiling idiots at the bottom of the world with lovely green vistas but without the means to keep it in our own hands - is it any wonder why the Chinese can see an opportunity here, and good on them.

Lastly, to govern a country on the basis of which minority moron shouts the loudest (the majority of Kiwis who pay the majority of taxes want mining to help us out of the proverbial) is surely a recipe for meekness, mildness, bum stinging fence sitting and a future without a clear direction.

As I pointed out before the 2008 Election on Political Animal (which should be back soon with an explanation for its one year absence) John Key needed to make a stand on things, rather than make decisions based on political polls, because if he didn't then he would fall for anything.

Today he and his Government have apparently and we will be poorer as a result.

Greece is starting to look better everyday, at least it is warm.

See below for Lucy Lawless input on mining:




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Monday, July 19, 2010

Long Term View: Methven Ltd




In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO. The calculation of returns includes dividends and tax credits.

Methven Ltd [MVN.NZ] has been a poorly performing stock since its November 2004 IPO and listing (see Methven Prospectus for details) at $1.43. MVN shareholders have not done well. With 60c in net dividends and 30% more in tax credits (see chart above) gives MVN a 80% return (see chart below for the share price percentage gain against the average of all NZX indexes - does not include dividends, tax credits and the share split in its calculation) and over the nearly 6 year listing of MVN an approximate annual net return of 13.3%.

This is approximately a 80% better return when compared to the average of all NZX indexes.





Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Cavalier Corporation Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hallenstein Glasson Holdings Ltd
Hellaby Holdings Ltd
Kirkcaldie & Stains Ltd
Kiwi Income Property Trust Ltd
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
New Zealand Refining Ltd
New Zealand Stock Exchange Ltd
Nuplex Industries Ltd
Port Of Tauranga Ltd
Postie Plus Group Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
The Warehouse Group Ltd


Methven Ltd @ Share Investor

Stock of the Week: Methven Ltd
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Long Term View: NZ Oil & Gas Ltd



In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO. The calculation of returns includes dividends and tax credits.

NZ Oil & Gas Ltd[NZO.NZ] has been a good performing stock since its September 1981 listing at 35c*. NZO shareholders have done well. With 15c in net dividends and 30% more in tax credits (see chart above) and numerous dilutions in shareholder capital** gives NZO a 410% return (see chart below for the share price percentage gain against the average of all NZX indexes - does not include dividends, tax credits and the share split in its calculation) and over the nearly 29 year listing of NZO an approximate annual net return of just over 14%.

This is approximately a 100% worse return when compared to the average of all NZX indexes.


1989 adjusted price, so actual returns could be higher or lower*
Capital raisings for NZO & [PRC.NZ] and various calls to the market for funds estimated at a 20% dilution for shareholders**





Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Cavalier Corporation Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hallenstein Glasson Holdings Ltd
Hellaby Holdings Ltd
Kirkcaldie & Stains Ltd
Kiwi Income Property Trust Ltd
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
New Zealand Refining Ltd
New Zealand Stock Exchange Ltd
Nuplex Industries Ltd
Port Of Tauranga Ltd
Postie Plus Group Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
The Warehouse Group Ltd


NZ Oil & Gas @ Share Investor

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The Intelligent Investor: The Definitive Book on Value Investing. A    Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
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Long Term View: Kiwi Income Property Trust Ltd



In this series of posts I am going to be looking at stocks listed on the NZX in relation to their returns to shareholders over the life of their listing -what shareholders would now see in their back pockets if they had invested in the company IPO. The calculation of returns includes dividends and tax credits.

Kiwi Income Property Trust Ltd [KIP.NZ] has been a poorly performing stock since its December 1993 listing at $1.03. KIP shareholders have not done well. With 76c in net dividends* and 30% more in tax credits (see chart above) and numerous dilutions in shareholder capital** gives KIP a 90% return (see chart below for the share price percentage gain against the average of all NZX indexes - does not include dividends, tax credits and the share split in its calculation) and over the nearly 17 year listing*** of KIP an approximate annual net return of just under 5.3%.

This is approximately a 100% worse return when compared to the average of all NZX indexes.


Dividend data range: 2000 - 2010* - So actual returns will be higher.
A 2009 capital raising and various calls to the market for funds estimated at a 10% dilution for shareholders**
Available share price data***





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Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Cavalier Corporation Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hallenstein Glasson Holdings Ltd
Hellaby Holdings Ltd
Kirkcaldie & Stains Ltd
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
New Zealand Refining Ltd
New Zealand Stock Exchange Ltd
Nuplex Industries Ltd
Port Of Tauranga Ltd
Postie Plus Group Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
The Warehouse Group Ltd

Kiwi Income Property @ Share Investor

Kiwi Income Property debt levels should be a worry to shareholders
Why did you buy that stock? [Kiwi Income Property Trust Ltd]

Download KIP Company Reports

Discuss KIP @ Share Investor Forum


Recommended Amazon Reading

The Intelligent Investor: The Definitive Book on Value Investing. A   Book of Practical Counsel (Revised Edition)
The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition) by Benjamin Graham
Buy new: $14.95 / Used from: $7.50
Usually ships in 24 hours

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Fishpond


c Share Investor 2010