Monday, April 4, 2011

Share Investor Portfolio: Value @ 1 April 2011

The Share Investor Portfolio was up strongly in the last week of March/early April. The portfolio was up by 2.38% or $6421.86 on the March 28 update . For the first 13 weeks of 2011 the portfolio has increased by 7.98% or $20400.63 . This weeks rise was due, primarily, to a 8c rise in SKC, 21c rise in MFT and an 8c rise in WHS, with a wide range of other smaller variations up and down across the portfolio.

The total of unspent dividends and interest in the bank from the 2010 - 2011 earnings years is $23479.21 at close of reporting season for 2010 and partway through the 2011 year. There are also approx $50000.00 in tax credits earned from the portfolio since it began in late 2002.


Share Investor Portfolio as at 17:30:00, Friday 01 April, 2011 (NZDT)

Stock
Quantity
Cost price
Total cost
Market price
Market value
Change
%
AIA

2,000 $1.700 $3,400.00 $2.225 $4,450.00 $1,050.00 30.88%
AIA

2,000 $1.510 $3,020.00 $2.225 $4,450.00 $1,430.00 47.35%
AIA

558 $0.000 $0.00 $2.225 $1,241.55 $1,241.55
AIA

754 $2.150 $1,621.10 $2.225 $1,677.65 $56.55 3.49%
ASBPB

3,027 $0.000 $0.00 $0.680 $2,058.36 $2,058.36
ASBPB

6,973 $1.000 $6,973.00 $0.680 $4,741.64 $2,231.36 32.00%
BGR

619 $0.000 $0.00 $1.320 $817.08 $817.08
BGR

2,381 $0.990 $2,357.19 $1.320 $3,142.92 $785.73 33.33%
FBU

284 $0.000 $0.00 $9.340 $2,652.56 $2,652.56
FBU

830 $9.750 $8,092.50 $9.340 $7,752.20 $340.30 4.21%
FPH

3,000 $2.350 $7,050.00 $3.140 $9,420.00 $2,370.00 33.62%
FPH

541 $0.000 $0.00 $3.140 $1,698.74 $1,698.74
FPH

1,459 $3.720 $5,427.48 $3.140 $4,581.26 $846.22 15.59%
FRE

2,054 $0.000 $0.00 $3.240 $6,654.96 $6,654.96
FRE

6,577 $3.630 $23,874.51 $3.240 $21,309.48 $2,565.03 10.74%
GFF

586 $0.000 $0.00 $1.660 $972.76 $972.76
GFF

1,414 $2.330 $3,294.62 $1.660 $2,347.24 $947.38 28.76%
HLG

299 $0.000 $0.00 $3.770 $1,127.23 $1,127.23
HLG

701 $2.530 $1,773.53 $3.770 $2,642.77 $869.24 49.01%
KIP

190 $0.000 $0.00 $1.000 $190.00 $190.00
KIP

810 $1.480 $1,198.80 $1.000 $810.00 $388.80 32.43%
MFT

1,000 $7.960 $7,960.00 $8.950 $8,950.00 $990.00 12.44%
MFT

1,838 $8.000 $14,704.00 $8.950 $16,450.10 $1,746.10 11.88%
MFT

657 $0.000 $0.00 $8.950 $5,880.15 $5,880.15
MFT

1,505 $4.200 $6,321.00 $8.950 $13,469.75 $7,148.75 113.10%
MHI

1,646 $0.860 $1,415.56 $0.880 $1,448.48 $32.92 2.33%
MHI

7,000 $0.630 $4,410.00 $0.880 $6,160.00 $1,750.00 39.68%
MHI

494 $1.050 $518.70 $0.880 $434.72 $83.98 16.19%
MHI

860 $0.000 $0.00 $0.880 $756.80 $756.80
PPG

31 $0.000 $0.00 $0.260 $8.06 $8.06
PPG

1,500 $0.440 $660.00 $0.260 $390.00 $270.00 40.91%
PPG

1,004 $0.800 $803.20 $0.260 $261.04 $542.16 67.50%
PPL

1,000 $3.090 $3,090.00 $1.330 $1,330.00 $1,760.00 56.96%
PPL

1,000 $2.870 $2,870.00 $1.330 $1,330.00 $1,540.00 53.66%
PPL

939 $4.200 $3,943.80 $1.330 $1,248.87 $2,694.93 68.33%
PPL

975 $0.000 $0.00 $1.330 $1,296.75 $1,296.75
PPL

1,086 $1.530 $1,661.58 $1.330 $1,444.38 $217.20 13.07%
RYM

459 $0.000 $0.00 $2.390 $1,097.01 $1,097.01
RYM

4,586 $1.970 $9,034.42 $2.390 $10,960.54 $1,926.12 21.32%
SKC

5,750 $7.430 $42,722.50 $3.420 $19,665.00 $23,057.50 53.97%
SKC

1,000 $7.600 $7,600.00 $3.420 $3,420.00 $4,180.00 55.00%
SKC

2,750 $7.700 $21,175.00 $3.420 $9,405.00 $11,770.00 55.58%
SKC

1,431 $8.750 $12,521.25 $3.420 $4,894.02 $7,627.23 60.91%
SKC

272 $4.720 $1,283.84 $3.420 $930.24 $353.60 27.54%
SKC

25,712 $0.000 $0.00 $3.420 $87,935.04 $87,935.04
STU

78 $0.000 $0.00 $2.650 $206.70 $206.70
STU

303 $4.740 $1,436.22 $2.650 $802.95 $633.27 44.09%
WHS

4,500 $3.730 $16,785.00 $3.510 $15,795.00 $990.00 5.90%
WHS

6,979 $6.000 $41,874.00 $3.510 $24,496.29 $17,377.71 41.50%
WHS

15 $3.710 $55.65 $3.510 $52.65 $3.00 5.39%
WHS

3,506 $0.000 $0.00 $3.510 $12,306.06 $12,306.06

24.60%


Total cost Market value Change

$270,928.45 $337,564.00 $66,635.55



Share Investor Portfolio @ Share Investor

Share Investor Portfolio: Value @ 1 April 2011
Share Investor Portfolio: Value @ 14 March 2011
Share Investor Portfolio: Value @ 8 March 2011
Share Investor Portfolio: Value @ 28 February 2011
Share Investor Portfolio: Value @ 21 February 2011
Share Investor Portfolio: Value @ 14 February 2011
Share Investor Portfolio: Value @ 7 February 2011
Share Investor Portfolio: Value @ 31 January 2011
Share Investor Portfolio: Value @ 24 January 2011
Share Investor Portfolio: Value @ 17 January 2011
Share Investor Portfolio: Value @ 10 January 2011
Share Investor Portfolio: Value @ 3 January 2011
Share Investor Portfolio: Value @ 27 December 2010
Share Investor Portfolio: Value @ 20 December 2010
Share Investor Portfolio: Value @ 13 December 2010
Share Investor Portfolio: Value @ 6 December 2010
Share Investor Portfolio: Value @ 29 November 2010
Share Investor Portfolio: Value @ 22 November 2010
Share Investor Portfolio: Value @ 15 November 2010
Share Investor Portfolio: Value @ 8 November 2010
Share Investor Portfolio: Value @ 1 November 2010
Share Investor Portfolio: Value @ 25 October 2010
Share Investor Portfolio: Value @ 18 October 2010
Share Investor Portfolio: Value @ 11 October 2010
Share Investor Dividends


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Related 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: $9.73
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Security Analysis: The Classic 1934 Edition
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Buy these two Books @ Fishpond.co.nz

Fishpond




c Share Investor 2011

Friday, April 1, 2011

Share Investor Buying One Million Postie Plus Shares

I have stoically held Postie Plus Ltd [PPG.NZX] shares now for 3-4 years.

I own 2540 shares.

PPG shares have paid me a dividend of about 20 bucks over those years and are now worth a total of $709.80c, a drop of around 50% from the total purchase price of $1463.20.

To say then that it is a bad investment is a major understatement. It is the investment equivalent of backing Paris Hilton, Lindsay Lohan and Charlie Sheen in a movie and expecting them to show up at work every day, and sober no less.

So it is a loser plain and simple and should really have no place in my portfolio one would think?

Well, initially I thought it was such a small part of the overall portfolio I would sell and put it behind me but I hate to lose money but I know that some time in the future when management get their proverbial together and actually make some money somebody is actually going to make me a much better offer than 26c per share.

Well, I am thinking if Jan Cameron can take a big stake in the company then this boy can flash a few shekels around and get a bigger stake in the expectation that the share price will at least double.

With this in mind I am going to splash out $259339.60 to buy 997460 PPG shares to take my stake to 1 million shares. I am going to sell the whole Share Investor Portfolio to make this transaction happen.

The remaining unspent funds I am going to buy Allied Farmers Ltd [ALF.NZX] shares with and maybe a little gold.

I would appreciate any feedback on this.


Postie Plus Group @ Share Investor

Long Term View: Postie Plus Group Ltd
I'm Buying: Redux
What is Jan Cameron up to?
Whats on Rod Duke's shopping list?

Discuss PPG @ Share Investor Forum





c Share Investor 2011





Wednesday, March 30, 2011

Share Price Alert: Freightways Ltd 2



As you can tell from the 1 year Freightways Ltd [FRE.NZX] chart above the share price of the company hasn't moved much in the last year. The stock is well off $2.62c lows reached in July 2010 and has been an erratic beast for the last year.

Like most other NZX stocks over the last year it is up on more positive economic sentiment but the reason why I have included it in today's post is that the stock has put on almost 10% in value over the last 2 weeks. The stock has risen from just over 3 bucks to close at $3.28 yesterday.

This is on no material news at all in March but on a big spike in trading at the beginning of the month. Who was buying on that day I don't know but the stock has rallied over 8% post that trading day.

The positive result out in mid February had an impact on share price at the time but the share price drifted down through the first part of March.

$3.30 seems to be the price ceiling for this stock of late and I think investors might want to wait if they wanted to add this stock to the portfolio because it could come back as the economy bites again mid Winter on this bellweather company.

Buy on weakness.

Disc I own FRE shares in the Share Investor Portfolio


Share Price Alert

Contact Energy Ltd
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Freightways Ltd
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Freightways @ Share Investor


Freightways Ltd: 2011 Half Year Profit Commentary
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Discuss FRE @ Share Investor Forum
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Think Bigger



c Share Investor 2011

Tuesday, March 29, 2011

ACC Influence on Stockmarket Liquidity a Concern to Private Investors

I am a little worried about the Accident Compensation Corporation having such an influence, in terms of sharemarket liquidity, on the local NZX.

It has been buying up significant stakes in several NZX listed companies and now owns over 4% of the free-float of the market:

The Accident Compensation Corp now has significant stakes in 28 NZX-listed stocks, cementing is position as the biggest player in the market.

ACC manages some $13 billion of assets and had about 10 per cent of its reserves in New Zealand equities in 2010. So far this month it has declared holdings of at least 5 per cent in Argosy Property Trust, Abano Healthcare and Pumpkin Patch, while adding to its stake in Nuplex Industries. In February it emerged as a holder of DNZ Property Fund, Goodman Property Trust, Mainfreight, Tourism Holdings, Kermadec Property Fund and Restaurant Brands.

"New Zealand equities are cheaper than they once were but you can say the same thing about global equities," said Nicholas Bagnall, the state-owned accident insurer's investment manager.

He wouldn't be drawn on whether the disclosures point to a bet on a revival in New Zealand's economy, which the International Monetary Fund sees growing just 1 per cent in calendar 2011 before accelerating to 4 per cent in 2012, helped by the rebuild after the Christchurch earthquake. Figures this week showed the economy narrowly avoided a double-dip recession last year.

ACC now owns more than 4 per cent of the free float of the New Zealand stock market, giving it influence over liquidity in some of the nation's biggest listed companies as well as smaller-cap firms.

"We're effectively enhanced our returns by being a seller of liquidity to the market," Bagnall says. "It works for us and it works for the market as well."

The corporation's investment mandate is to ensure it can cover the long duration of claims liabilities. Its allocations between asset classes tend to be "riskier than the minimum possible risk position," according to ACC's 2010 financial condition report.

It may not seem like a problem to the uninitiated but the New Zealand Stockmarket already suffers from a lack of liquidity and while this obviously will have positive effects as the ACC is buying, it will have very negative effects when they sell.

The ACC has a short term relationship to our market and its main pursuit is to extract the best returns for its investments as possible - as we all do - but that goes against the sort of long-term investment that the NZX has been pushing for the last 10 years.

In short the size of ACCs stake in the NZX is bad for the average investor in the long term because they are able to manipulate the market because of that size.

What we need from this taxpayer funded Government Department is a upper cap - I suggest 5% - on what they are allowed to invest in terms of overall investment in the stockmarket.

It is our money after all and using it to compete against local investors to their detriment is clearly unwise at best and reckless at worst.

It keeps other private investors from using their own money and building up stakes in companies because the ACC are artificially competing with them.

Real competition still remains in the private realm not the bureaucratic one.

Disc I own, PPL & MFT shares in the Share Investor Portfolio.


Recent Share Investor Reading
Buy Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up: What I've Learned About Surviving Tough Times

Toughen Up - Fishpond.co.nz


c Share Investor 2011