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How to buy Vector shares (VCT)

All the essential info you need to know to buy VCT shares on the NZX in just a few minutes.

Vector is an energy and fibre optic infrastructure company based in Auckland, and is New Zealand’s largest electricity and gas distributor. If you’d like to buy Vector shares (VCT) on New Zealand’s Exchange (NZX), keep reading to find out how.

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

Infrastructure group Vector is one of the major players in New Zealand’s energy sector. It owns and operates networks throughout the Auckland region, and is the country’s largest distributor of electricity and gas.

Through its Vector Communications brand, the company also operates a fibre network for businesses in metropolitan Auckland.

The majority shareholder of Vector is Entrust, which was formerly known as the Auckland Energy Consumer Trust. Entrust is a consumer trust and owns 75.1% of Vector.

Performance and company results

In its half-yearly financial results, released in February 2021, Vector announced the following figures:

  • Total revenue of $647.7 million (decrease of 7.4% compared to same period of prior year)
  • Operating cash flow of $271.3 million (increase of 6.8%)
  • Adjusted EBITDA of $273.8 million (increase of 3.5%)
  • Net profit of $102.1 million (increase of 26.8%)

Key details

NameVector LimitedIndustryElectricity & Gas Distribution
Ticker symbolVCTISINNZVCTE0001S7
TypeOrdinary sharesDate listed on NZX05 Nov 2002
End of financial yearJuneChief executive officerSimon Mackenzie
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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