Long Term View: Port Of Tauranga 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.

Port of Tauranga Ltd [POT.NZ] has been exceptional to its shareholders in terms of returns since its Listing in May 1992 at an estimated $0.75c per share with $3.04c in net dividends (excluding the period 1992-1997) and 30% more in tax credits (see chart above) and a 2:1 share split in May 2002 gives POT a slightly more than 1475% 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) over the nearly 18 year listing of POT, an approximate annual net return just over 81.%.

This is approximately a 500% better return when compared to the average of all NZX indexes.



Long Term View Series

Auckland International Airport
Air New Zealand
AMP Ltd
Briscoe Group Ltd
Contact Energy Ltd
Delegats Group Ltd
EBOS Group Ltd
Fletcher Building Ltd
Fisher & Paykel Appliances
Fisher & Paykel Healthcare
Freightways Ltd
Goodman Fielder Ltd
Hellaby Holdings Ltd
Mainfreight Ltd
Metlifecare Ltd
Pumpkin Patch Ltd
Restaurant Brands Ltd
Ryman Healthcare Ltd
Sky City Entertainment Group Ltd
Sky Network Television Ltd
Telecom NZ Ltd
Telstra Corp Ltd
The Warehouse Group Ltd


POT @ Share Investor

Port in a storm
Ports of Auckland put a shot over competitor's bow

Discuss POT @ Share Investor Forum




c Share Investor 2010

ASB Bank: Customer "Service"

You might recall my ups and downs over trying to negotiate new terms for our ASB Bank home loan earlier last year. Well, ups and downs of another kind have got me ruminating again. It appears that the prostitute that indirectly stole $2.5 million from the bank has negotiated a deal with the bank to presumably pay back some of the money she stole.

So let me get this right. First she doesn't have to pay back the entire $2.5 million and she is allowed to negotiate with the bank.

My bank wouldn't even entertain the idea of negotiation and they were going to charge me a fee if I changed the terms of the loan.

I wonder to myself if she is an ASB customer.

Gives new meaning to the word screwed from both sides.

This comes on top of an incident this morning over the phone with ASB where I was refused part of a term deposit up for renewal today because part of the deposit was being used as security for something else. There was a hold on the whole amount that I asked to be removed last Thursday and it has not been done, according to ASB Bank staff at the call centre - "but Darren you can call back on Monday and we might be able to do something then."

So I cant even use my own money when I want to now.

Screwed again.


More Banking Madness @ 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!

Discuss this topic @ Share Investor Forum

c Share Investor 2010

NZX's Top 10 Dividend Returns

It is hard to get good returns from term investments and the property market at the moment with around a 3.5% real return from the former and similarly low results from investment properties, if you bought a house over the last 10 years.

The New Zealand Stockmarket has some good returns on selected stocks many are getting close to a 10% gross return. With this in mind lets take a look at the 10 best dividend players listed on the NZX.

Figures are gleaned from the NZX website and are based on figures calculated from market prices as of close of market on 9 June 2010. The gross returns are based on past profit performance.


The Top Ten

Telecom NZ Ltd [TEL.NZ] - 13.26%

Steel & Tube Holdings [STU.NZ] - 11.92%

Kiwi Income Property Ltd [KIP.NZ] - 9.92%

Vector Ltd [VCT.NZ] - 9.35%

Hallenstein Glasson Holdings [HLG.NZ] - 9.22%

Telstra Corp [TLS.NZ] - 9.08%

Freightways Ltd [FRE.NZ] - 8.41%

Air New Zealand [AIR.NZ] - 8.28%

Goodman Fielder Ltd [GFF.NZ] - 7.82%

Restaurant Brands Ltd [RBD.NZ] - 7.76%


While not guaranteed returns - the likes of TEL, TLS, KIP & AIR dividends will be under future pressure - even the minimum return from RBDs 7.76% is nearly twice the return of term investments and investment property.

Good to see I own 5 out of the top 10.

Disclosure I own FRE, GFF, HLG, KIP, STU in the Share Investor Portfolio


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c Share Investor 2010

Share Investor Q & A: Questions for Ecoya's Geoff Ross

I have been very critical of Ecoya Ltd [ECO.NZ] since their early May 2010 IPO because of the over inflated value that ECO management put on the company and the scant financial information revealed to the investing public leading up to the IPO. The full year 2010 profit result out a few weeks back does nothing to sooth my critical soul.

Many of you have also had critical things to say about the company (it is more interesting to read someone sticking the knife in)and I have seen little positive written about the company except from the company itself and organising brokers for the IPO.

I think it is time we heard from management directly to get some issues hopefully cleared up and maybe put me in my place.

The ECO PR company contacted me over a mistake that I made with some figures from the 2010 result and one thing led to another and I managed to jack up a Q & A with Executive Chairman, Geoff Ross.

With this in mind, I would like my readers to submit questions that they might have surrounding the company and its IPO.

I will give you a week to submit them and I will include them with mine in the Q & A.

Please submit them here where they will appear at the bottom of this post or email them directly to me here.

Read the ECO Q & A here.




Ecoya main shares are sitting at 89c on extremely low volumes, its low for the year.


Ecoya Ltd @ Share Investor

Ecoya 2010 Full Year Profit: More of the same to come?
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Ecoya IPO: A Closer Look
Ecoya Prospectus Requires free registration
Ecoya.co.nz

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Share Investor Q & As

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From Fishpond.co.nz



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c Share Investor 2010