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How to buy Sanford shares (SAN)

Learn how to easily invest in Sanford shares on the NZX.

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By

Tim Falk

Sanford is a New Zealand seafood company with a history dating back to the 19th century. If you’d like to buy Sanford shares (SAN) on New Zealand’s Exchange, keep reading for step-by-step instructions on how to go about it.

How to buy shares in Sanford 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 Sanford. Find the stock by name or ticker symbol: SAN. 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 Sanford 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 Sanford, depending on your share trading account.
  6. Check in on your investment. Congratulations, you own a part of Sanford. 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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Sharesies
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Direct Broking
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Sanford overview and background

Albert Sanford first started fishing for snapper in the Auckland area in the 1860s, and soon began selling kauri-smoked snapper to customers. He set up a fish market on the corner of Albert Street and Customs Street in 1894, and began to expand his seafood business outside of Auckland in the same decade.

Sanford Ltd was incorporated in 1904 and today the company holds almost 20% of New Zealand’s quota. It boasts 37 vessels and 225 aquaculture farms, and employs almost 1,400 people.

As well as serving New Zealand customers, Sanford ships its seafood to every continent around the world.

Performance and company results

In its 2021 interim report, issued in May 2021, Sanford announced the following financial results:

  • Revenue of $233.5 million (a decrease of 5%)
  • Sales volumes of 54.9k GWT (an increase of 6%)
  • Adjusted EBIT of $10.7 million (a decrease of 54%)
  • Net profit after tax of $16.2 million (a decrease of 15%)

Key details

NameSanford LimitedIndustrySeafood Products
Ticker symbolSANISINNZSANE0001S0
TypeOrdinary SharesDate listed on NZX08 Dec 1924
End of financial yearSeptemberChief executive officerPeter Reidie
Disclaimer: This information should not be interpreted as an endorsement of stocks, ETFs or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Stocks and ETFs trading involves substantial risk of loss and therefore are not appropriate for all investors. 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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