Share Investor

Monday, November 8, 2010

Share Investor Portfolio: Value @ 8 November 2010

The Share Investor Portfolio is up for the 4th consecutive week. It is up 1.81% or $5038.01 from the previous update due again primarily to the 19c gain in SKC shares in the last week.

There is $15660.03 in unspent net dividends in the bank from the 2010 earnings year and approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.

Share Investor Portfolio @ at 17:30:00, Friday 05 November, 2010 (NZDT)

Stock

Quantity

Cost price

Total cost

Market price

Market value

Change

AIA

2,000

$1.700

$3,400.00

$2.160

$4,320.00

$920.00

27.06%

AIA

2,000

$1.510

$3,020.00

$2.160

$4,320.00

$1,300.00

43.05%

AIA

803

$2.150

$1,726.45

$2.160

$1,734.48

$8.03

0.47%

AIA

445

$0.000

$0.00

$2.160

$961.20

AIA

$1.650

$105.60

$2.160

$138.24

$32.64

30.91%

ASBPB

2,864

$0.000

$0.00

$0.725

$2,076.40

ASBPB

7,146

$1.000

$7,146.00

$0.725

$5,180.85

$1,965.15

27.50%

BGR

438

$0.000

$0.00

$1.460

$639.48

BGR

2,562

$0.990

$2,536.38

$1.460

$3,740.52

$1,204.14

47.47%

FBU

266

$0.000

$0.00

$8.160

$2,170.56

FBU

848

$9.750

$8,268.00

$8.160

$6,919.68

$1,348.32

16.31%

FPH

3,000

$2.350

$7,050.00

$3.000

$9,000.00

$1,950.00

27.66%

FPH

469

$0.000

$0.00

$3.000

$1,407.00

FPH

1,531

$3.720

$5,695.32

$3.000

$4,593.00

$1,102.32

19.35%

FRE

1,882

$0.000

$0.00

$3.030

$5,702.46

FRE

6,749

$3.630

$24,498.87

$3.030

$20,449.47

$4,049.40

16.53%

GFF

541

$0.000

$0.00

$1.970

$1,065.77

GFF

1,459

$2.330

$3,399.47

$1.970

$2,874.23

$525.24

15.45%

HLG

244

$0.000

$0.00

$4.530

$1,105.32

HLG

756

$2.530

$1,912.68

$4.530

$3,424.68

$1,512.00

79.05%

KIP

190

$0.000

$0.00

$1.040

$197.60

KIP

810

$1.480

$1,198.80

$1.040

$842.40

$356.40

29.73%

MFT

1,000

$7.960

$7,960.00

$7.390

$7,390.00

$570.00

7.16%

MFT

1,838

$8.000

$14,704.00

$7.390

$13,582.82

$1,121.18

7.63%

MFT

550

$0.000

$0.00

$7.390

$4,064.50

MFT

1,612

$4.200

$6,770.40

$7.390

$11,912.68

$5,142.28

75.95%

MHI

1,646

$0.860

$1,415.56

$0.770

$1,267.42

$148.14

10.47%

MHI

7,000

$0.630

$4,410.00

$0.770

$5,390.00

$980.00

22.22%

MHI

718

$0.000

$0.00

$0.770

$552.86

MHI

636

$1.050

$667.80

$0.770

$489.72

$178.08

26.67%

PPG

$0.000

$0.00

$0.300

$9.30

PPG

1,500

$0.440

$660.00

$0.300

$450.00

$210.00

31.82%

PPG

1,004

$0.800

$803.20

$0.300

$301.20

$502.00

62.50%

PPL

1,000

$3.090

$3,090.00

$1.940

$1,940.00

$1,150.00

37.22%

PPL

1,000

$2.870

$2,870.00

$1.940

$1,940.00

$930.00

32.40%

PPL

939

$4.200

$3,943.80

$1.940

$1,821.66

$2,122.14

53.81%

PPL

877

$0.000

$0.00

$1.940

$1,701.38

PPL

1,184

$1.530

$1,811.52

$1.940

$2,296.96

$485.44

26.80%

RYM

373

$0.000

$0.00

$2.160

$805.68

RYM

4,627

$1.970

$9,115.19

$2.160

$9,994.32

$879.13

9.64%

SKC

5,750

$7.430

$42,722.50

$3.210

$18,457.50

$24,265.00

56.80%

SKC

1,000

$7.600

$7,600.00

$3.210

$3,210.00

$4,390.00

57.76%

SKC

2,750

$7.700

$21,175.00

$3.210

$8,827.50

$12,347.50

58.31%

SKC

1,431

$8.750

$12,521.25

$3.210

$4,593.51

$7,927.74

63.31%

SKC

25,085

$0.000

$0.00

$3.210

$80,522.85

SKC

899

$4.720

$4,243.28

$3.210

$2,885.79

$1,357.49

31.99%

STU

$0.000

$0.00

$2.420

$188.76

STU

322

$4.740

$1,526.28

$2.420

$779.24

$747.04

48.95%

WHS

4,500

$3.730

$16,785.00

$3.850

$17,325.00

$540.00

3.22%

WHS

6,979

$6.000

$41,874.00

$3.850

$26,869.15

$15,004.85

35.83%

WHS

2,880

$0.000

$0.00

$3.850

$11,088.00

WHS

641

$3.710

$2,378.11

$3.850

$2,467.85

$89.74

3.77%

16.84%

	Total cost	Market value	Change
	$279,004.46	$325,988.99	$46,984.53

Sunday, November 7, 2010

Vector Ltd: Share Price chasing fibre network success

Vector Ltd [VCT.NZX] is not a sexy stock. It is an electricity lines company run largely by so,so management appointed under a quasi local government regime, with a small public shareholding.

What has been sexy though is the share price rise over the last two months. (see two month chart above) The stock has risen from just over $2.05 back in September to finish at $2.43 at close of business last Friday. Just under 20%.

Its full year result to June 2010 was a good one but the stock price didn't take off until mid September (see 6 month chart below) and it has been going northwards since.

Much speculation has been made as to whether VCTs bid to become a player in the roll-out of a taxpayer funded fast internet fibre laying programme and the management of that network with Vector branded internet customers providing additional income for the company but the jury is still out as to whether the company will be a player and even if they are just how profitable such a network might be for them.

This market speculation, I think, is the reason behind the share price rise. It isn't warranted and even when the facts come out about who the winners and losers will be in the battle for taxpayer moola to install and manage "fast broadband" it will be sometime before we see if it will be a money spinner for anyone.

Vector @ Share Investor

Long Term View: Vector Ltd
Vector sale decision hangs on political knife edge
NZX's Top 10 Dividend Returns

Discuss VCT @ Share Investor Forum
Download VCT Company Reports

c Share Investor 2010

Friday, November 5, 2010

Allan Hubbard: The Biography

It might be like reading the account of a best friend when it comes to reading the authorised biography of Allan Hubbard, Allan Hubbard, The Life and Times of a Kiwi Legend , out today, so you have to take the bias of the author Virginia Green with a large grain of salt because she has been picked by Hubbard's team to write the book. From publicity for the books release:

"The biography, Allan Hubbard, The Life and Times of a Kiwi Legend is due out in November.

The last two chapters will cover the sudden twist Mr Hubbard's life has taken since he and wife Jean, their company Aorangi Securities and Hubbard Managed Funds, along with seven charitable trusts, were placed into statutory management by the Government on June 20.

The biography has been written by Virginia Green, who has worked closely with Mr Hubbard for the past three years, with the manuscript expected to be finished in mid September.

Publisher Random House New Zealand publicity manager Sarah Thornton said the book was an authorised biography.

"It will be about the arc of his entire life, starting in his childhood.

The statutory management had altered the book.

"Virginia is writing the two final chapters based on recent events. We won't know the outcome of the investigation at the time of going to print."

I will be getting a copy of the book myself so I will give you my view of it shortly. The last 2 chapters on what has become the Allan Hubbard saga will be interesting.

Footnote The book release has been delayed until November 15 and will now be called Allan Hubbard: Man out of Time.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

Telecom New Zealand 2011 first quarter profit review

The Telecom New Zealand Ltd [TEL.NZX] first quarter 2011 result out today of NZ$103 million after tax is 36.8% lower than the result for the same period last year. This comes on revenue of $1.316 billion, down 2.9% on last year.

This comes in a year of turmoil for the company where its share price plunged and regulatory issues continued to hamper growth and future planning.

Telecom CEO, Paul Reynolds, said operational performance was "satisfactory with good cost control offsetting significantly higher regulatory costs and intensifying competition."

I see more of the same for full year 2011. With a stagnant to dropping revenue base the only way profit can grow slightly or stay at current levels is to cut operational costs further. Not good for the long-term.

Key Points

Net profit: 103,000; Down 36.8%; 163,000

Total operating revenue (before adjusting items): 1,316,000; Down 2.9%; 1,356,000

Earnings per share: 5 cps; 9 cps

First Quarter Dividend: 3.5 cps

Increased competition impacting on margins

Management appear reticent to make too much of future profit levels because of probable impacts of the rollout of the fast fibre network, but they have indicated a small increase in earnings before tax for 2012 - 2013.

2011 Profit Detail

Transcript from Investor Briefing
Management commentary
Presentation
Accounts

Telecom NZ @ Share Investor

Telecom Chart: Lazarus Recovery on lower volume
Telecom maybe oversold
Telecom NZ Share Price has "Jumped the Shark"
I was Wrong... sort of
Telecom NZ: TV3 60 Minutes Segment more like Corporate PR
Telecom Share Price Limbos but has it jumped the Shark?
Telecom NZ: Saint Gattung gets her Ya Ya's out
Telecom NZ: Bye Bye Paul Reynolds
Long Term View: Telecom NZ Ltd
Stock of the Week: Telecom Ltd
Revisiting Telecom
Getting cute and fluffy with Teresa Gattung
Telecom NZ Hangs up
Business Gobbledygook puts up barriers to communication
A Rare Breed
Telecom NZ facing a watershed period
Biology a major key in "glass ceiling" for women
Telecom rewards Gattung for mediocrity

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

From Fishpond.co.nz

Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz

c Share Investor 2010

Thursday, November 4, 2010

Sky City Entertainment Group Ltd: Never mind the width feel the volume

Sky City Entertainment Group Ltd [SKC.NZX] shares have put on more than 10% since last Friday when a positive first quarter 2011 market update. It was trading at $2.90 the day before the news and traded at $3.20 at close of business yesterday. (see one month chart above)

I am a bit annoyed because I am a long term shareholder, I know things are going well for the company and the share price was looking like weakening before this positive news. I was hoping to buy more with the Share Investor Portfolio dividend pool.

Be that as it may the rally in the share price looks to be a sustainable one, at least for the short term. I say this because the first day of trading after the news volume was well up on the average and has increased steadily since then and thus far has peaked at just over 8 million shares traded yesterday. Nearly $50 million in shares have been traded in the 4 days since, compared to $12 million in the 4 days prior.

Depending on the fallout from today's Fed quantitative easing, it is looking like another positive day for the stock again today.

For those of you into this stock short term, watch for the volume movement to give you an indication of when to bail.

Looking like a great update for the portfolio update on Monday.

Sky City Annual Meeting Docs & Related Reading

Wednesday, November 3, 2010

List of schools ignoring National Standards

Below is the list of schools that will ignore national standards to be brought in during 2011. There are 225 schools out of just over 2000 which are ignoring the standards and should be avoided by parents if possible as the teaching standards and levels of education will generally be lower than at the other schools who will adopt the standards.

The teachers and principals at these schools do not want to tell parents how their kids are doing and therefore how well they are being taught.

These schools are also ignoring their direct employers, the Government and their indirect employers, parents, who wanted national standards when they voted National in 2008.

This is clearly a sackable offense. You can bet if I was an employee my employer would send me down the road for disobeying my directives.

This comes on top of teachers unions disrupting the education of 10s of thousands of children as they go on strike to get massive wage increases.

The List

Wellington
School Region
Birchville School
Avalon Intermediate
Martinborough School
Island Bay School
Taita Central School
Lyall Bay School
Paekakareki School
Fergusson Intermediate
St Michaels School Taita
St Bernadettes NaeNae
Koraunui School
Pomare School
Waitohou School Otaki
Maidstone Intermediate School
Miramar North School
Trentham School
Waikanae School
Mangaroa School
Wainuiomata Primary School
Natone School
Wainuiomata Intermediate
Corinna School
St Joseph's Levin
Bishop Viard
Windley School
Papaparaumu Beach School
Clyde Quay School
Khandallah School
Holy Family School
Brandon Intermediate

Tai Tokerau
Ruawai School
Kaiwaka School
Horeke School
Whangarei Intermediate
Kaitaia Primary School
Hikurangi Primary
Moerewa School
Kaikohe Intermediate School
Kawakawa School
Kaikohe East Primary
Paihia Primary
Maungatapere School
Whau Valley Primary School
Selwyn Park
Hora Hora Primary School
Totara Grove
Peria School
Kaeo Primary
Oruaiti School
Oromahoe School
Oturu School
Kamo Intermediate
Tauhoa School
Pukenui School
Kaitaia Intermediate
Pamapuria School
Ruakaka School
Tomarata School
Kohukohu Primary School

Canterbury
Ruawai School
Kaiwaka School
Horeke School
Whangarei Intermediate
Kaitaia Primary School
Hikurangi Primary
Moerewa School
Kaikohe Intermediate School
Kawakawa School
Kaikohe East Primary
Paihia Primary
Maungatapere School
Whau Valley Primary School
Selwyn Park
Hora Hora Primary School
Totara Grove
Peria School
Kaeo Primary
Oruaiti School
Oromahoe School
Oturu School
Kamo Intermediate
Tauhoa School
Pukenui School
Kaitaia Intermediate
Pamapuria School
Ruakaka School
Tomarata School
Kohukohu Primary School

Hawkes Bay
Flaxmere School
Nelson Park School
Peterhead School
Waipawa School
Bledisloe School
Irongate School
Pakowhai School

Southland
Ascot Community
Bluff Community
Donovan Primary
East Gore School
Fernworth Primary
Garston School
Isla Bank School
Lumsden School
New River School
Otautau School
Riversdale School
St Patrick's Invercargill
Salford School
Tisbury School
Waverley Park School
West Gore School

Waikato
Berkley Normal
Cambridge Primary School
Cargill Open Plan School
Deanwell School
Elstow-Waihou School
Glenview School
Gordonton School
Goodwood School
Hamilton North
Horotiu School
Kaihere School
Knighton School
Leamington School
Merivale School Tauranga
Morrinsville Primary
Newstead Model Country School
Opoutere School
Puahue School
Rangitoto School
Roto-o-Rangi School
St Columbas School
St Josephs School Waihi
St PiusX Catholic School
Tauwhare School
Te Kowhai School
Te Miro School
Te Rerenga School
Tokirima School
Waingaro School
Whenuakite School
Whitiora School

Auckland
Freemans Bay
Newton Central
Ponsonby Primary
Ponsonby Intermediate
Balmoral School
Dominion Road
Wesley Intermediate
Mt Eden Normal School
Edendale Primary
St Joseph's, Grey Lynn
Grey Lynn School
Westmere Primary
Valley School
Avondale Intermediate School
Sunnyvale School
Henderson North School
Willowbank School
Howick Intermediate
Anchorage Park School
Our Lady Star of the Sea
Sommerville Intermediate
Ramarama School
Konini School
Kelston Intermediate
Jean Batten School
Mangere East Primary
Manurewa South School
St Joseph's, Onehunga
Hillpark Primary School
Manurewa Intermediate
Clendon Park School
Randwick Park School
Greenmeadows Intermediate
Manurewa East School
Leabank Primary School
Takanini School
Mangere Bridge School
St Joseph's, Onehunga
Hillsborough Primary
May Road School
Mt Roskill Intermediate
Halsey Drive School
Monte Cecilia Catholic School, Hillsborough
Birkdale Primary School
Kauri Park School
Marlborough School
Vauxhall School
Target Road School
Torbay School
Beach Haven School
Sunnybrae Normal
Glenfield Primary
Murrays Bay Intermediate
Glen Eden Primary
Green Bay Primary
St Josephs Otahuhu
Fairburn Road School
Mt Richmond Special School
Otahuhu Primary School
Mayfield School
Flatbush School
Clover Park School
Bairds Mainfreight
Fergusson Intermediate School
Rongomai School
Chapel Downs School
Papakura Central School
Kingsford School
Papatoeote West School
Puhinui School
Papatoetoe Central
South Auckland SDA
Papatoetoe South
Snells Beach
Aka Aka School
Flanshaw Rd Primary
Swanson Primary
Finlayson Park School
Parkuranga Intermediate
Rowandale School

Otago
Waitati School
College St School
North East Valley Normal
Waihola District School
Green Island School
Musselburgh School
Macandrew Intermediate
Balaclava School
Cromwell School
Tahuna Normal Intermediate
Bradford School

c Darren Rickard 2010

Tuesday, November 2, 2010

Restaurant Brands share price looking overcooked

Restaurant Brands Ltd [RBD.NZX] shares reached an all time high last week when it hit a price of $2.76 on Friday. The previous high of around $2.70 was reached shortly after listing back in 1997.

The market has had a typical response to this stock. It has always overreacted to bad news and with its run over good news over the last year has done the same again.

Long term investors are in the box seat but if you are here for the fast food equivalent of an investing drive through the share price is getting a little overcooked and you might well be cautious and start thinking about setting an escape price.

If you think CEO Russel Creedy can keep up the good work consistently though, the share price might be just an incidental along the way to far greater things.

No secret recipe, just an obvious market observation.

Restaurant Brands @ Share Investor

RBD - 2011 Half Year Result
RBD - 2010 Quarter one sales
RBD - 2010 Quarter two sales

Most Outstanding Stock of 2010: Restaurant Brands Ltd
Restaurant Brands Ltd: KFC has finally cracked it
Restaurant Brands: KFC Sales Figures Explained - Part 2
Finger Lick'n Good Management
Chart of the Week: Restaurant Brands Ltd
Long Term View: Restaurant Brands Ltd
Stock of Week: Restaurant Brands Ltd
Restaurant Brands: Buy or Sell ?
Pizza Hut sell-off provide opportunities all-round
Danny Diab & Restaurant Brands
2008-2009 KFC sales figures mislead investors
KFC Finally Flying
Starbuck's New Zealand Cup doesn't runneth over
RBD gives KFC a push
McDonald's playing chicken with KFC
Restaurant Brand's Pizza Hut faces increasing competition
RBD sales analysis
RBD saga continues: CEO leaves
The secret recipe is out
2007 FY profit analysis
Delivering increased profit in October 2007
No reason for optimism in latest sales figures

Discuss RBD @ Share Investor Forum
Download RBD company reports

New From Fishpond

A Perfect Gentleman: The Sir Wilson Whineray Story

c Share Investor 2010

Share Investor

Monday, November 8, 2010

Share Investor Portfolio: Value @ 8 November 2010

Sunday, November 7, 2010

Vector Ltd: Share Price chasing fibre network success

Friday, November 5, 2010

Allan Hubbard: The Biography

Telecom New Zealand 2011 first quarter profit review

Thursday, November 4, 2010

Sky City Entertainment Group Ltd: Never mind the width feel the volume

Wednesday, November 3, 2010

List of schools ignoring National Standards

Tuesday, November 2, 2010

Restaurant Brands share price looking overcooked

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