Monday, August 23, 2010

Long Term View: Trustpower 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.

Trustpower Ltd [TPW.NZX] has been a n excellent investment for shareholders since its April 1994 listing* at 75c per share . With $2.29 in net dividends, 30% more in tax credits (see NZX chart above) a 2:7 share buy back in 2003 and a 2:1 share split in 2004 gives TPW a 1220% 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 16 year listing of TPW an annual net return of 76.25%**.

This compares to an annual return from the average of all NZX indexes of 12.5%

* Adjust fig
** Returns exclude dividends from 1994-1998





Long Term View Series


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Steel & Tube Ltd
Telecom NZ Ltd
Telstra Corp Ltd
Tourism Holdings Ltd
Turners Auctions Ltd
Turners & Growers Ltd
The Warehouse Group Ltd
Wakefield Health Ltd



Trustpower @ Share Investor


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Download TPW Company Reports




c Share Investor 2010




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