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How to buy Chorus shares (CNU)

What you need to do to buy Chorus shares on the NZX in just a few minutes.

Chorus logo

Chorus is a telecommunications infrastructure provider that builds and manages an open-access internet network. If you want to buy shares in Chorus on New Zealand’s Exchange (NZX) keep reading for step-by-step instructions.

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How to buy shares in Chorus on the New Zealand Exchange

  1. Compare share trading platforms. If you’re a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table. Most importantly, you need to find a share trading platform that allows you to trade on the NZX.
  2. Open and fund your share trading account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Chorus. Find the stock by name or ticker symbol: CNU. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Chorus reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs. You may be able to buy a fractional share of Chorus, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Chorus. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Chorus overview and background

Chorus was established in 2008 as part of Telecom, to connect service providers with the fixed-line network. It became a separate entity in 2011 and is now the largest telecommunications infrastructure company in New Zealand.

Chorus offers phone and broadband services over fibre and copper to individuals and businesses around the country. It’s also a key player in the rollout of the Ultra-Fast Broadband network throughout New Zealand.

Shares in the company are listed on both the NZX Main Board and the Australian Securities Exchange (ASX). Chorus is also included in the NZX 50 index of the largest stocks on the NZX Main Board.

Performance and company results

In its FY21 half-year results, released in February 2021, Chorus Limited announced the following key performance figures:

  • Operating revenue of $473 million (compared to $483 million in H1 FY20)
  • EBITDA of $323 million (compared to $332 million in H1 FY20)
  • Net profit after tax of $24 million (compared to $31 million in H1 FY20)
  • An interim dividend of 10.5 cents per share

Key details

NameChorus LimitedIndustryTelecommunications-Infrastructure Services
Ticker symbolCNUISINNZCNUE0001S2
TypeOrdinary sharesDate listed on NZX23 Nov 2011
End of financial yearJuneChief executive officerJean-Baptiste Rousselot
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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