Tuesday, August 24, 2010

Long Term View: Scott Technology 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.

Scott Technology Ltd [SCT.NZX] has been an average investment for shareholders since its July 1997 listing at $1.70c per share* . With 87.25c in net dividends**, 30% more in tax credits, plus 3 bonus share issues: 1:8 in 2002, 1:8 in 2003 and 1:10 in 2010, gives SCT (see NZX chart above) a 75% 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 13 year listing*** of SCT an annual net return of 5.76%.

This compares to an annual return from the average of all NZX indexes of 6.15%.

* adjusted IPO price

** Excludes dividends from 1997
*** 13 year listing excludes 1997 dividends for the return calculation

Long Term View Series

Auckland International Airport

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Discuss SCT @ Share Investor Forum

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c Share Investor 2010

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