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
$2.92 billion
P/E Ratio
67.11
Dividend Yield
4.16%
Shares Outstanding
450.88 million
Earnings per share
0.110
Dividend per share
0.27
Year To Date Return
-0.89%
Earnings Yield
1.49%
Franking
N/A
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Chorus Ltd (ASX: CNU)
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Frequently Asked Questions
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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.
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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.
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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 16 May 2022 | $6.51 | $0.01 | 0.15% | 239,537 | $6.56 | $6.56 | $6.48 |
| 13 May 2022 | $6.50 | $0.10 | 1.56% | 371,202 | $6.35 | $6.51 | $6.35 |
| 12 May 2022 | $6.40 | $-0.06 | -0.93% | 410,440 | $6.54 | $6.54 | $6.38 |
| 11 May 2022 | $6.46 | $0.01 | 0.16% | 311,446 | $6.41 | $6.47 | $6.40 |
| 10 May 2022 | $6.45 | $-0.07 | -1.07% | 563,905 | $6.44 | $6.49 | $6.41 |
| 09 May 2022 | $6.52 | $0.00 | 0.00% | 663,647 | $6.46 | $6.56 | $6.37 |
| 06 May 2022 | $6.52 | $-0.07 | -1.06% | 420,129 | $6.58 | $6.58 | $6.49 |
| 05 May 2022 | $6.59 | $0.05 | 0.76% | 292,406 | $6.50 | $6.60 | $6.47 |
| 04 May 2022 | $6.54 | $0.04 | 0.62% | 169,269 | $6.55 | $6.56 | $6.51 |
| 03 May 2022 | $6.50 | $-0.07 | -1.07% | 295,775 | $6.53 | $6.58 | $6.50 |
| 02 May 2022 | $6.57 | $-0.14 | -2.09% | 196,527 | $6.56 | $6.66 | $6.56 |
| 29 Apr 2022 | $6.71 | $-0.07 | -1.03% | 423,595 | $6.75 | $6.79 | $6.67 |
| 28 Apr 2022 | $6.78 | $0.12 | 1.80% | 366,437 | $6.68 | $6.78 | $6.68 |
| 27 Apr 2022 | $6.66 | $-0.04 | -0.60% | 536,680 | $6.60 | $6.68 | $6.57 |
| 26 Apr 2022 | $6.70 | $-0.03 | -0.45% | 305,907 | $6.72 | $6.77 | $6.64 |
| 22 Apr 2022 | $6.73 | $-0.02 | -0.30% | 943,247 | $6.74 | $6.76 | $6.68 |
| 21 Apr 2022 | $6.75 | $0.05 | 0.75% | 395,901 | $6.83 | $6.83 | $6.73 |
| 20 Apr 2022 | $6.70 | $-0.03 | -0.45% | 496,412 | $6.79 | $6.86 | $6.66 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 12 Apr 2022 | Jack Matthews | Buy | 340 | $2,494 |
Dividend Reinvestment Plan (DRP). in nzd
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| 12 Apr 2022 | Prudence (Prue) Flacks | Buy | 785 | $5,759 |
Dividend Reinvestment Plan (DRP).
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| 12 Apr 2022 | Andrew Cross | Buy | 526 | $3,859 |
Dividend Reinvestment Plan (DRP). in nzd
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| 12 Apr 2022 | Murray Jordan | Buy | 2 | $15,583 |
Dividend Reinvestment Plan (DRP). in nzd
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| 12 Oct 2021 | Kate Jorgensen | Buy | 6 | $43,438 |
On-market trade. Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20211014/pdf/02435290.pdf |
| 12 Oct 2021 | Murray Jordan | Buy | 2 | $15,820 |
Dividend Reinvestment Plan (DRP). http://www.aspecthuntley.com.au/asxdata/20211014/pdf/02435292.pdf#search=%22%22
in nzd |
| 12 Oct 2021 | Andrew Cross | Buy | 596 | $3,915 |
Dividend Reinvestment Plan (DRP). http://www.aspecthuntley.com.au/asxdata/20211014/pdf/02435292.pdf#search=%22%22
in nzd |
| 12 Oct 2021 | Prudence (Prue) Flacks | Buy | 890 | $5,847 |
Dividend Reinvestment Plan (DRP). IN NZD
http://www.aspecthuntley.com.au/asxdata/20211014/pdf/02435292.pdf#search=%22%22 |
| 12 Oct 2021 | Jack Matthews | Issued | 386 | $2,536 |
Dividend Reinvestment Plan (DRP). Trading in $NZD.
http://www.aspecthuntley.com.au/asxdata/20211014/pdf/02435292.pdf |
| 27 Aug 2021 | Jack Matthews | Buy | 7 | $50,850 |
On-market trade. Trading in $NZD.
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Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Dr Patrick Clifford Strange | Non-Executive DirectorNon-Executive Chairman | Apr 2015 |
Mr 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 where he oversaw Transpower's $3.8 billion of essential investment in the National Grid. He is currently chair of Auckland International Airport, and a director of Mercury NZ.
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| Mr Jack Beverly Matthews | Non-Executive Director | Jul 2017 |
Mr Matthews 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. He has extensive 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). He is currently a director of Plexure Group and New Zealand Golf Network Limited and a former director of The Network for Learning, APN Outdoor Group and Trilogy International.
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| Mr Andrew Mark Cross | Non-Executive Director | Nov 2016 |
Mr Cross is an experienced director with more than 20 years of international experience in corporate finance and investment banking. He is currently chair of Milford Asset Management, and is a director of Accident Compensation Corporation (ACC), Z Energy and Xero. He is also a former director of Genesis Energy and Argosy Property
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| Mr Murray Jordan | Non-Executive Director | Sep 2015 |
Mr Jordan has experience in the management of highly customer focused organisations and in navigating extremely complex environments, including as managing director of Foodstuffs North Island, one of New Zealand's largest companies. He 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 Metlifecare, Metcash Limited, an ASX listed company, Southern Cross Medical Care Society, Southern Cross Healthcare Limited, SkyCity and Stevenson Group, and a Board trustee of Starship Foundation.
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| 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, she was the CEO for Virgin Mobile Australia, a fully owned subsidiary of Optus. Prior to that, she was a Senior Vice President at Virgin Mobile USA where her responsibilities included product marketing, customer lifecycle management and analytics. She career began in Telstra, where she held a range of marketing and product roles. She is a director of CareFlight and a member of the Australian Institute of Company Directors.
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| Ms Kate Jorgensen | Non-Executive Director | Jul 2020 |
Ms Jorgensen has significant financial, audit, governance and commercial experience and 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, she was CFO of KiwiRail, CFO of Fletcher Building's infrastructure division and a senior audit manager for KPMG. She was a former advisory Board member of the New Zealand Sustainable Business Council.
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| Ms Miriam Dean | Non-Executive Director | Oct 2021 |
Ms Dean has experience in the infrastructure and regulatory sectors, as a current director of Otakaro Limited (the Crown-owned company responsible for the central city anchor projects following the Canterbury earthquakes); as a former director of Crown Infrastructure Partners (the Government organisation managing the rollout of New Zealand's ultrafast broadband); as a former deputy chair of Auckland Council Investments; and as a former deputy chair of the Commerce Commission. As a Queen's Counsel and independent director, Miriam has spent decades in commercial dispute resolution and governance roles, working for high-profile companies in a range of sectors and governmental advisory boards and committees.
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| Mr Elaine Jennifer Campbell | Company SecretaryGeneral Counsel | May 2018 |
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| Mr Jean-Baptiste Rousselot | Chief Executive Officer | Nov 2019 |
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| David Collins | CFO |
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| Jean-Baptiste Rousselot | Chief Executive Officer |
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| Elaine Jennifer Campbell | Company SecretaryGeneral Counsel |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| HSBC Custody Nominees (Australia) Limited | 43,148,017 | 9.65% |
| BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> | 35,674,913 | 7.98% |
| JP Morgan Nominees Australia Limited | 32,229,341 | 7.21% |
| Citibank Nominees (New Zealand) Limited - Nzcsd <Cnom90> | 32,131,874 | 7.19% |
| HSBC Nominees (New Zealand) Limited Nzcsd <Hkbn90> | 28,495,727 | 6.37% |
| Citicorp Nominees Pty Limited | 27,452,006 | 6.14% |
| Accident Compensation Corporation - Nzcsd <Acci40> | 20,522,305 | 4.59% |
| HSBC Nominees (New Zealand) Limited A/C State Street - Nzcsd <Hkbn45> | 16,473,593 | 3.69% |
| Jpmorgan Chase Bank Na Nz Branch-Segregated Clients Acct Nzcsd <Cham24> | 13,350,509 | 2.99% |
| National Nominees Limited | 13,206,027 | 2.95% |
| Forsyth Barr Custodians Limited <1-Custody> | 10,771,679 | 2.41% |
| HSBC Nominees A/C Nz Superannuation Fund Nominees Limited Nzcsd <Supr40> | 8,216,515 | 1.84% |
| BNP Paribas Nominees (Nz) Limited - Nzcsd <Bpss40> | 7,975,461 | 1.78% |
| National Nominees Limited <N A/C> | 7,541,287 | 1.69% |
| New Zealand Depository Nominee Limited <A/C 1 Cash Account> | 7,370,172 | 1.65% |
| Jbwere (Nz) Nominees Limited <Nz Resident A/C> | 7,288,035 | 1.63% |
| Anz Wholesale Australasian Share Fund - Nzcsd <Pnas90> | 6,596,955 | 1.48% |
| BNP Paribas Nominees (Nz) Limited - Nzcsd <Cogn40> | 5,630,812 | 1.26% |
| Hobson Wealth Custodian Limited <Resident Cash Account> | 4,143,016 | 0.93% |
| National Nominees Limited Nzcsd <Nnlz90> | 3,953,550 | 0.88% |