Chorus Ltd (ASX: CNU) Share Price and News

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Chorus Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $2.60 billion
P/E Ratio 76.92
Dividend Yield 3.90%
Shares Outstanding 447.02 million
Earnings per share 0.080
Dividend per share 0.23
Year To Date Return -19.38%
Earnings Yield 1.30%
Franking N/A
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as at 24 Feb 3:44pm

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Chorus Ltd (ASX: CNU)
Latest News

CNU ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Chorus Ltd

Chorus Ltd (CNU) is New Zealand’s largest telecommunications infrastructure company, building and managing an open-access internet network and rolling out ultra-fast broadband.

An open-access network means that phone and broadband providers can access Chorus’ network to offer products and services to their customers. The company’s network consists of around 280,000 poles, 11,000 cabinets and more than 1.5 million broadband connections. Chorus is also responsible for providing the majority of New Zealand’s new fibre optic ultra-fast broadband network, a government initiative similar to Australia’s NBN.

Chorus' history traces all the way back to the establishment of the New Zealand Post Telegraph Department in 1881. The post office was replaced by 3 state-owned enterprises in 1987, one of which was Telecom NZ. After undergoing privatisation and publicly listing in the early 1990s, Telecom separated into two distinct companies in 2011: Chorus, a wholesale operator, and Spark New Zealand Ltd (ASX: SPK), a retailer. Today, Chorus shares are dual-listed on both the ASX and NZX.

CNU Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
23 Jul 2021 $5.82 $-0.05 -0.85% 199,604 $5.85 $5.86 $5.81
22 Jul 2021 $5.87 $-0.03 -0.51% 254,263 $5.92 $5.92 $5.86
21 Jul 2021 $5.90 $0.03 0.51% 281,826 $5.93 $5.94 $5.84
20 Jul 2021 $5.87 $0.01 0.17% 390,689 $5.84 $5.94 $5.82
19 Jul 2021 $5.86 $-0.08 -1.35% 242,254 $5.88 $5.90 $5.82
16 Jul 2021 $5.94 $0.18 3.13% 471,140 $5.76 $5.95 $5.76
15 Jul 2021 $5.76 $-0.18 -3.03% 707,612 $5.92 $5.93 $5.76
14 Jul 2021 $5.94 $0.09 1.54% 485,706 $5.86 $5.96 $5.81
13 Jul 2021 $5.85 $-0.08 -1.35% 429,661 $5.94 $5.94 $5.83
12 Jul 2021 $5.93 $0.02 0.34% 310,417 $5.97 $5.98 $5.88
09 Jul 2021 $5.91 $0.03 0.51% 683,159 $5.84 $5.91 $5.75
08 Jul 2021 $5.88 $-0.05 -0.84% 363,350 $5.98 $5.98 $5.87
07 Jul 2021 $5.93 $0.00 0.00% 519,467 $5.94 $5.96 $5.89
06 Jul 2021 $5.93 $0.00 0.00% 268,871 $5.95 $6.01 $5.93
05 Jul 2021 $5.93 $0.08 1.37% 293,820 $5.88 $5.97 $5.88
02 Jul 2021 $5.85 $-0.07 -1.18% 518,296 $5.93 $5.93 $5.84
01 Jul 2021 $5.92 $-0.01 -0.17% 286,885 $5.99 $5.99 $5.91
30 Jun 2021 $5.93 $0.05 0.85% 443,440 $5.94 $5.98 $5.90
29 Jun 2021 $5.88 $-0.02 -0.34% 442,940 $5.93 $5.94 $5.87
28 Jun 2021 $5.90 $-0.03 -0.51% 604,279 $5.95 $5.96 $5.83
25 Jun 2021 $5.93 $0.17 2.95% 684,073 $5.83 $5.95 $5.79

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
12 Apr 2021 Kate Jorgensen Buy 4 $29,000
On-market trade. Trading in $NZD.
07 Apr 2021 Prudence (Prue) Flacks Buy 18 $124,172
On-market trade. Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20210409/pdf/02361830.pdf
As per announcement on 09/04/2021.
31 Mar 2021 Sue Bailey Buy 5 $34,697
On-market trade. Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20210407/pdf/02360949.pdf
23 Feb 2021 Sue Bailey Buy 5 $38,532
On-market trade. Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20210225/pdf/02345975.pdf
16 Dec 2020 Jack Matthews Buy 1 $7,760
On-market trade. Trading in $NZD.
As per announcement on 18/12/2020.
14 Dec 2020 Sue Bailey Buy 4 $32,856
On-market trade. Trading in $NZD.
11 Dec 2020 Patrick Strange Buy 10 $79,400
On-market trade. Trading in $NZD.
11 Dec 2020 Sue Bailey Buy 798 $6,239
On-market trade. Trading in $NZD.
01 Dec 2020 Kate Jorgensen Buy 1 $14,610
On-market trade. Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20201202/pdf/02317016.pdf
As per announcement on 02/12/2020.
09 Nov 2020 Sue Bailey Buy 5 $44,567
On-market trade. Trading in $NZD
As per announcement on 13/11/2020.
03 Sep 2020 Prudence (Prue) Flacks Buy 4 $39,278
On-market trade. Trading in $NZD.

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Dr Patrick Clifford Strange Non-Executive DirectorNon-Executive Chairman Apr 2015
Dr Strange has spent 30 years working as a senior executive and director in both private and listed companies, including more than six years as Chief Executive of Transpower. Patrick is currently chair of Auckland International Airport, a director of Mercury NZ, and on the Board of Essential Energy Australia. Patrick is chair of Corporate Governance Committee.
Mr Jack Beverly Matthews Non-Executive Director Jul 2017
Mr Mathews is an experienced director who has held a number of senior leadership positions within the media, telecommunications and technology industries in Australia and New Zealand. Jack has telecommunications industry experience having been CEO of TelstraSaturn during the period they deployed their HFC network in New Zealand, as well as a former director of Crown Fibre Holdings, the Crown agency overseeing the rollout of New Zealand's fibre infrastructure network. Formerly, Jack was CEO of Fairfax Media's Metro Division, CEO of Fairfax Digital and Chief Operating Officer of Jupiter TV (Japan). Jack is currently the chair of MediaWorks, a director of Plexure Group, and a former director of The Network for Learning, APN Outdoor Group and Trilogy International. Jack is a member of People, Performance and Culture Committee.
Ms Prudence (Prue) Flacks Non-Executive Director Dec 2011
Ms Flacks is a professional director with experience across a range of industries. Prue was formerly a commercial lawyer and a partner in the national law firm Russell McVeagh for 20 years. Her expertise included corporate and regulatory matters, corporate finance, capital markets and business restructuring. Prue is currently a director of Bank of New Zealand and Mercury NZ, and chair of Queenstown Airport Corporation. Prue is chair of People, Performance and Culture Committee and Corporate Governance Committee
Mr Andrew Mark Cross Non-Executive Director Nov 2016
Mark has more than 20 years of international experience in corporate finance and investment banking. He is currently chair of Milford Asset Management, and MFL Mutual Fund Superannuation Investments, and is a director of Z Energy and Xero. He is also a former director of Genesis Energy and Argosy Property. Mark is a member of Chartered Accountants Australia and New Zealand, a chartered member of the Institute of Directors NZ and a member of the Australian Institute of Company Directors. Mark is chair of our Audit and Risk Management Committee.
Mr Murray Jordan Non-Executive Director Sep 2015
Mr Jordan has experience in the management of customer focused organisations and in navigating complex environments, including as managing director of Foodstuffs North Island, one of New Zealand's largest companies. Murray has also previously held various general manager positions at Foodstuffs and management roles in the property investment and development sectors. He is a director of SkyCity and Stevenson Group, and a Board trustee of Starship Foundation. Murray is a member of People, Performance and Culture Committee.
Ms Sue Bailey Non-Executive Director Oct 2019
Ms Bailey has over 30 years' experience in telecommunications, across fixed telephony, mobile and broadband. She has worked for Telstra, Virgin Mobile and most recently for Optus where she was a member of the executive leadership team. From 2010 to 2013, Sue was the CEO for Virgin Mobile Australia, a fully owned subsidiary of Optus.
Ms Kate Jorgensen Non-Executive Director Jul 2020
Ms Jorgensen has financial, audit, governance and commercial experience. Kate has held a number of senior leadership positions within the telecommunications, infrastructure and construction industries in New Zealand. Most recently, she was CFO of Vodafone New Zealand. Prior to that, Kate was CFO of KiwiRail, CFO of Fletcher Building's infrastructure division and a senior audit manager for KPMG.
Mr Elaine Jennifer Campbell Company SecretaryGeneral Counsel May 2018
-
Mr Jean-Baptiste Rousselot Chief Executive Officer Nov 2019
-
Jean-Baptiste Rousselot Chief Executive Officer
-
Elaine Jennifer Campbell Company SecretaryGeneral Counsel
-

Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 14,371,340 6.28%
Jp Morgan Nominees Australia Limited 9,630,337 4.21%
Citibank Nominees (New Zealand) Limited 4,437,937 1.94%
Hsbc Nominees (New Zealand) Limited 4,205,963 1.84%
Citicorp Nominees Pty Limited 2,706,048 1.18%
Bnp Paribas Nominees (Nz) Limited 1,690,000 0.74%
National Nominees Limited 1,232,447 0.54%
Accident Compensation Corporation 903,360 0.39%
Hsbc Nominees (New Zealand) Limited A/C State Street 849,365 0.37%
Jp Morgan Chase Bank Na Nz Branch – Segregated Clients Acct 693,794 0.30%
Hsbc Custody Nominees (Australia) Limited I 656,901 0.29%
Forsyth Barr Custodians Limited 646,700 0.28%
New Zealand Depository Nominee Limited A/C 1 Cash Account 493,640 0.22%
Bnp Paribas Nominees (Nz) Limited I 406,754 0.18%
Anz Wholesale Australasian Share Fund 371,000 0.16%
Jbwere (Nz) Nominees Limited Nz Resident A/C 303,962 0.13%
Hsbc Custody Nominees (Australia) Limited Nt-Comnwlth Super Corp A/C 300,000 0.13%
Hsbc Nominees A/C Nz Superannuation Fund Nominees Limited 297,697 0.13%
Bnp Paribas Nominees (Nz) Limited Ii 278,000 0.12%
Anz Custodial Services New Zealand Limited 235,549 0.10%

Frequently Asked Questions

Chorus paid an unfranked interim dividend of 9.76 cents per share on 14 April 2020. The company anticipates paying dividends totalling 24 cents per share for FY20, with the final dividend due to be paid in October. This is, however, subject to any material changes in Chrorus’ circumstances or outlook. The company has advised that from FY22, it anticipates transitioning to a dividend policy based on a pay-out range of free cash flow that reflects robust management of capital expenditure and that will provide shareholders with dividend predictability, stability and sustainable growth.

Yes. Chorus offers Australian and New Zealand shareholders the option of either full or partial participation in the dividend reinvestment plan. There is no minimum shareholding required to participate. Shares are issued under the DRP based on the volume weighted average sale price of the shares sold over five business days commencing on the ‘ex date’. At present, no discount is offered over and above this price. The company has advised it will continue to review the availability of the DRP at each financial result.

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