Tuesday, September 7, 2010

Long Term View: Abano Healthcare Group 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.

Abano Healthcare Group Ltd [ABA.NZX] has been on a roller-coaster in terms of stock prices and results since its 1999 listing* at 25c per share**. With $1.15c in net dividends and 30% more in tax credits, plus a 1:10 share consolidation in 2005 (see chart above)gives ABA an 1150% 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 10 year listing of ABA an annual net return of 115 %.

This compares to an approx 10% return from the average of all NZX indexes.

*ABA in it current form. Was initially listed in 1970 but has changed significantly since then in its business.

** Adjusted price

Long Term View Series

ASB Capital Preference Shares (A)

ASB Capital Preference Shares (B)
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Abano Healthcare @ Share Investor

Discuss ABA @ Share Investor Forum

Download ABA Company Reports

Ready Fire Aim: The Mainfreight Story
Ready Fire Aim: The Mainfreight Story by Keith Davies

c Share Investor 2010

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