Share Price

Link to www.nzx.com & WID & WIDWA quotes

Widespread Portfolios stock has returned 30% a year for 10 years.  This rate of return is defined as growth in the net asset value of the investment, assuming all rights issues have been taken up. The market value of an investment made in March 1997 has compounded over the same period by an annual rate of 28.5%. The comparable figures for 5 years are: 

• Annual growth in market value: 27.4%.
• Annual growth in net assets per share: 28%
• Widespread invests in the inherently risky sector of mining, but reduces that risk by careful research and not using any debt.

Its performance over the last 5 years also compares favourably with New Zealand's two best known investment companies; GPG which has produced a return of 16.2% percent annually over the past 5 years and Infratil, with 22.9 percent annual gains over the same period. A shareholder who put in $1500 in 1997 (and who has taken up subsequent rights issues for an additional cost of $6500) now has an investment with a market value of over $22,000 and a net asset value of $25,500.