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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| New Zealand It | NZL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 426.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 426.00 | 426.00 |
| Top Posts |
|---|
Posted at 04/1/2006 13:04 by isa23 This has some good chatching up to do. A near 12% discount seems unjustified when other Asian funds are trading almost at par. I am specially impressed by annual growth in divi. It is a good alternative income vehicle IMO |
Posted at 18/2/2005 13:20 by gateside OutlookWe were right in our optimism for the New Zealand share market last year. The share markets in New Zealand and Australia were again stellar performers, compared to the FTSE World Index which rose less than 1% in New Zealand dollar terms. It is worth noting the reasons for anticipating the good results we've achieved in the past year, because they still prevail: The high New Zealand and Australian dividend levels create real value; The New Zealand government superannuation (pension) fund is providing a significant and steady support; The governments of New Zealand and Australia are maintaining budget surpluses; Improvements in standards of regulation, corporate governance, and management; Price/earnings ratios are for the most part reasonable, and well below those of the United States and Japan; New Zealand and Australia are exposed to the growing economies of East and South Asia. The strength of the share markets in New Zealand and Australia continue to challenge our Adviser and Manager, as they seek out prospective shares in which to invest. Their excellent performance shows that they have risen to that challenge, and we see no reason that they cannot continue to do so. That said, our past performance has been a combination of astute investment decisions and rising share markets and currencies, and we cannot reasonably expect the share markets and currencies to be so supportive forever. We do believe, however, that success in picking some of the best stocks in the strong markets of New Zealand and Australia will continue to build further value for the benefit of all shareholders. |
Posted at 18/2/2005 13:17 by gateside Investment performanceThe New Zealand dollar continued to appreciate against both sterling and the United States dollar during the year ended 31 October 2004, and the net asset value in United States dollars increased by 34%, much better than the 24% increase realised in sterling. Our diluted net asset value increased 20% in New Zealand dollar terms, far exceeding the 13% rise in the NZSX All Index, and the 9% increase in the Australian All Ordinaries Index in New Zealand dollar terms. We are particularly pleased that, despite the relatively poor performance of the Australian share market in New Zealand dollar terms, we have realised superior results from our investments there, and are optimistic that this will be repeated in future years. The increased dividend we are recommending represents 13.4 cents New Zealand at the exchange rate in effect at the year end, a 21.8% increase from that paid for last year. Our performance over the four and one-half years since shareholders approved the continuation of the Company, and with our new Investment Advisers, has substantially exceeded the performances of the NZSX All Index and the Australian All Ordinaries Index, which comprehensively cover the areas in which we invest. Our long-term out-performance of the NZSX All Index over the life of The New Zealand Investment Trust has further improved to 143%. Our net asset value has increased from the net 95.1p available from our initial offering to 284.8p, and we have paid and proposed gross dividends of 70.4p, for a total investment return of 274%. |
Posted at 18/2/2005 13:17 by gateside CHAIRMAN'S STATEMENTThe New Zealand Investment Trust enjoyed another year of strong performance. Our net asset value rose 24%, during the year ended 31 October 2004, to a fully diluted 284.8 pence per share. Our interest and dividend income increased 20%, as New Zealand companies continue to pay out good proportions of their rising earnings to shareholders. Our operating costs are rising less rapidly than either our income or assets, benefiting to some extent from the switch to a single Investment Adviser during the year, such that our expenses as a percentage of average assets fell to 1.7% from 1.9% in the year before. This percentage of expenses compares very favourably with other investment trusts with assets below £50 million. Our total return per share was 59.9 pence per share, a return of 26% on shareholder funds. Your directors are pleased to recommend that our dividend be increased by 25%, to 5 pence per share. |
Posted at 18/2/2005 13:16 by gateside Final Results |
Posted at 18/2/2005 07:47 by gateside I see the NAV is up another 6pThe diluted net asset value per ordinary 25p share of the Company at 11 February 2005 was 329.43 pence sterling (NZ:862.33 cents). The net asset value above is a measure of the capital attributable to each share and does not include accumulated revenue for the period since 31 October 2003. For the year to 31 October 2004 the Company's earnings per share was 5.89 pence (NZ:15.42 cents), and for the two months to 31 December 2004 accumulated revenue net of expenses was 0.97 pence per share (NZ:2.54 cents). The Company's dividend for the year to 31 October 2004 will be announced in February as part of the Company's results. The exchange rate at which this was calculated was £=NZ$2.6177 |
Posted at 19/1/2005 14:49 by gateside The Company's dividend for the year to 31 October 2004 will be announced inFebruary as part of the Company's results. |
Posted at 24/11/2004 21:33 by gateside NZ stocks: Sharemarket hits fresh closing high 24.11.2004 5.58 pm The sharemarket hit its stride today, with its benchmark index shrugging off the sluggish start to the week to book a fresh closing high. As usual top stock Telecom set the trading tone, gaining 3c to 602, as it recovered slightly from the 7c dive it took yesterday. The telco giant dominated turnover, racking up 4 million trades worth $24.5 million, among light total market turnover worth $75.5 million. The benchmark NZSX-50 index gained 15.78 points to hit a fresh record closing high of 2939.24 points, on the back of the recent flow of good news from annual general meetings and financial results. The NZSX-All capital index was up 4.63 points to 973.49. Contact Energy gained 6c to 632. Grant Williamson of Hamilton, Hindin, Greene said investors seemed pleased with the $144 million annual net profit, and 25 cent per share dividend, announced yesterday. Fellow blue-chip stock Carter Holt Harvey rose 1c to 632. Auckland International Airport continued to win friends today, with a 7c rise to 767, adding to the 12c gain it booked yesterday. At its AGM yesterday the airport revealed rising passenger numbers and expectations of higher profits. Tower rose 6c to 221. "They are starting to come back up again... following a sell-off after their financial result," Mr Williamson said. Dual-listed Australian stocks also performed well, with Westpac up 10c to 2000 and ANZ rising 6c to 2160. Of the 165 stocks traded today gains outnumbered losses 61 to 40. Fletcher Building fell 2c to 604, which Mr Williamson said was due to profit taking. Michael Hill Jeweller was another stock headed south today, losing 5c to 830. Fellow retailer The Warehouse fell 1c to 374. Sanford was up 1c to 478. The company announced a net profit of $53.9m for the September year, compared to $47.3m for the previous 13 months. The fishing firm has also applied to the Commerce Commission for clearance to buy surplus quota for Scampi from Simunovich Fisheries. In other news today, Software of Excellence posted a $73,000 profit for the six months to September -- up from a $1.04 million loss for the same period last year. The producer of dental record management software fell 5c to 156. Pacific Retail Group fell 3c to 210, after its finance arm, Pacific Retail Finance, reported a pre-tax profit of $14.6 million for the half-year to September. Other stocks on the move today included: Ports of Auckland up 9c at 660, Sky City Entertainment up 5c at 485 and Air New Zealand down 1c at 160. |
Posted at 10/9/2004 07:48 by gateside In what was a poor time for most global markets, July proved to be a positive month for the Company and the New Zealand stock market. Over the month the Company's share price and net asset value rose around 3.0% in New Zealand Dollar and Sterling terms. New Zealand is benefitting from continued strength in corporate earnings and a positive flow of funds into the stock market. During July new holdings were introduced in the New Zealand media company, Canwest Mediaworks, and the Australian building products manufacturer James Hardie Industries. The failure of the New Zealand Investment Trust's share price to keep pace with the rise in its net asset value led us to purchase additional shares to be held in treasury at a discount of around 15% |
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