Saturday, July 17, 2010

Long Term View: Cavalier Corporation 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.

Cavalier Corporation Ltd [CAV.NZ] has been a good performing stock listed on the NZX. Since its July 1984 listing CAV has done well. We start at an adjusted $1.25* to make our comparison. $3.085c in net dividends** and 30% more in tax credits (see chart above) a 2:1 share split in 2002 gives CAV a 620% 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 20 year listing*** of CAV an approximate annual net return of over 31%.

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

Earliest available data *
Dividend data range: 1994 - 2010**
Available share price data***

    Long Term View Series

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    Cavalier Corp @ Share Investor

    Cavalier Corp: Profit Upgrade off low 2009 Result

    Download CAV Company Reports
    Discuss CAV @ Share Investor Forum

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    c Share Investor 2010

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