Companies give investors a bumper year
Wednesday 6 October 2004
A report on corporate value has confirmed a bumper year for investors, with more than 90 per cent of companies offering positive returns to shareholders - up from 80 per cent last year.
By The LandlordThe PricewaterhouseCoopers report, based on data for 70 listed companies with a combined value of nearly $50 billion, found the median total shareholder return jumped to 20 per cent in the year to June 2004, from 16 per cent the year earlier. Total shareholder returns are made up of share price gains or losses for the period, plus any dividends paid.
PWC corporate finance partner David Bridgman said the improvement was driven by the stronger focus on corporate governance since the global accounting scandals of 2002 and a renewed emphasis on performance in the past year.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.