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How to buy Trustpower shares (TPW)

If you want to buy Trustpower shares on the NZX, here are the steps you need to follow.

trustpower logo

Trustpower is a publicly-owned energy and telecommunications company listed on New Zealand’s Exchange (NZX). If you’d like to buy Trustpower shares (TPW) on the NZX, keep reading for a simple step-by-step guide to what you need to do.

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

Trustpower is an electricity, gas and telecommunications provider that can trace its history back to Tauranga’s first power station in 1915. Headquartered in Tauranga, the company employs over 700 people throughout New Zealand.

Trustpower supplies electricity to more than 250,000 customers nationwide, and has over 90,000 telecommunications customer connections. It operates 38 hydro power stations across 19 hydroelectric power schemes, and provides broadband internet and phone services to customers around the country.

Trustpower was first listed on the New Zealand Stock Exchange in 1994. Infratil Limited holds 51% of voting shares in Trustpower, while a further 26.8% are held by Tauranga Energy Consumer Trust.

Performance and company results

In its 2021 annual report, Trustpower announced the following key financial results to investors:

  • Final dividend of 18.5 cents per share
  • Group net profit after tax of $30.7 million (down 68.5%)
  • Group EBITDAF of $200.2 million (up 7.3%)
  • Group underlying earnings of $94.2 million (up 24.9%)
  • Earnings per share of 10.9 cents (down 64%)
  • Key details

    NameTrustpower LimitedIndustryEnergy & Telecommunications Infrastructure
    Ticker symbolTPWISINNZTPXE0001S5
    TypeOrdinary sharesDate listed on NZX18 Apr 1994
    End of financial yearMarchChairmanPaul Morton Ridley-Smith
    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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