Showing posts with label ASBPA. Show all posts
Showing posts with label ASBPA. Show all posts

Monday, June 20, 2011

Share Price Alert: ASB Preference Shares - A & B Class




ASBPA 1 Year Chart

With interest rates on the rise for lending and investing because of impending inflation and a flight to less risky cash investments like bank term investments the stocks ASB Capital No 1 Ltd [ASBPA.NZX] (1 year chart above)and ASB Capital No 2 Ltd [ASBPB.NZX](1 year chart below) might be worth a second glance.

These stocks offered by the ASB Bank basically mirror what the company offers for term investments plus an additional margin for taking a slight risk on any possible capital losses through sharemarket fluctuations.

These two stocks have both been punished in terms of capital losses with term investment rates basically below the current inflation rate when tax is removed with the "A" shares dipping below 70c in 2009 and the "B" shares below 60c in 2009 and trading at 66c in late March.




ASBPB 1 Year Chart


Both stocks were issued at a $1.00 face value 9 and 8 years ago and also carry imputation credits that make them even more attractive than term investments.

Over the last month or so a"A" shares have piled on 7c or 10% to currently trade 77c and "B" class shares up 8c or 12% to be currently trading at 75c.

These shares look set to approach their face value over the following year as interest rates rise and will probably breach their face value as they did when they were first issued and interest rates were high.

No time for patience here, get in while they are cheap.



Disc I own ASBPB shares in the Share Investor Portfolio




Share Price Alert Series


Xero Ltd 2
Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


ASB Bank Pref Shares A @ Share Investor


Long Term View: ASB Capital Preference Shares (A)

Discuss ASBPA @ Share Investor Forum


ASB Bank Pref Shares B @ Share Investor

Long Term View: ASB Capital Preference Shares (B)

Discuss ASBPB @ Share Investor Forum


ASB Bank @ Share Investor


Bryce the Banker: The Final Insult
Banks not participating in Recession
Bank Guarantees: Time for banks to return the favour
The Return of Bryce
Banking Madness!





c Share Investor 2011




Monday, September 6, 2010

Long Term View: ASB Capital Preference Shares (A)




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.

ASB Bank Pref shares A [ASBPA.NZX] have been a poor investment for shareholders since their 2002 listing on the NZX at $NZ1 per share. With 43c in net dividends and another 30% for those eligible for full tax credits (see NZX chart above) ASBPA shares have a 30.7 % 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 8 year listing of ASBPA an annual net return of 3.83 %.

This compares to a 9.28% annual return from the average of all NZX indexes.

Compare ASBPA Prefs to ASBPB Prefs







Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
ANZ Banking Group Ltd
Briscoe Group Ltd
Cavalier Corporation Ltd
Comvita 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
Infratil Ltd
Kirkcaldie & Stains Ltd
Kiwi Income Property Trust Ltd
Mainfreight Ltd
Michael Hill International Ltd
Metlifecare Ltd
Methven Ltd
Mowbray Collectables Ltd
NZ Oil & Gas Ltd
New Zealand Refining Ltd
New Zealand Stock Exchange Ltd
Nuplex Industries Ltd
PGG Wrightson Ltd
Port Of Tauranga Ltd
Postie Plus Group Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sanford Ltd
Sealegs Corp Ltd
Scott Technology Ltd
Skellerup Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Smiths City Group Ltd
Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
Trustpower Ltd
Turners Auctions Ltd
Turners & Growers Ltd
The Warehouse Group Ltd
Vector Ltd
Wakefield Health Ltd
Westpac Banking Group Ltd


ASB Bank Pref Shares A @ Share Investor


Discuss ASBPA @ 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

Buy The Intelligent Investor & more @ Fishpond.co.nz

Fishpond


c Share Investor 2010