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Chorus Ltd (CNU.NZ)

CNU.NZ on New Zealand Stock Exchange

4.12NZD
24 Mar 2017
Change (% chg)

$-0.10 (-2.37%)
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$4.22
Open
$4.20
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Day's Low
$4.11
Volume
138,645
Avg. Vol
862,492
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$4.65
52-wk Low
$3.49

Latest Key Developments (Source: Significant Developments)

Chorus Ltd says Mark Ratcliffe steps down as CEO
Sunday, 19 Feb 2017 02:57pm EST 

Chorus Ltd : CEO transition and new director . Kate Mckenzie, Chorus' new ceo, formally steps into role .Mark Ratcliffe steps down as ceo.  Full Article

Chorus Ltd says HY net profit after tax NZ$66 million vs NZ$33 million
Sunday, 19 Feb 2017 02:36pm EST 

Chorus Ltd : Interim dividend of 8.5cps . Net profit after tax (npat) for the six months ended 31 december 2016 of $66 million versus $33 million . Fy17 ebitda guidance was increased to a new range of $645 to $665 million, from $625 to $645 million previously . Hy operating revenues were $529 million and operating expenses were $194 million . Fy17 capex guidance was increased to a new range of $640 to $680 million, from $610 to $650 previously. . Fy17 fibre connections and layer 2 capex was increased to a new range of $270 to $300 million, from $250 to $280 million previously . Previous guidance ranges for fy17, ufb1 and ufb2 average cost per premises connected have been increased by $150 to reflect changed approach in capitalisation .All figures in nz$.  Full Article

Chorus reaches an agreement with Crown Fibre Holdings
Wednesday, 25 Jan 2017 02:56pm EST 

Chorus Ltd : Has reached an agreement with Crown Fibre Holdings to extend its ultra-fast broadband (ufb) rollout to a further 169 areas . Chorus estimates cost of UFB2 communal network will be $370 million to $410 million . Agreement does not change Chorus' fy17 capital expenditure guidance or previous dividend guidance .All figures in NZ$.  Full Article

Chorus announces pricing of notes under its Euro medium term note programme
Tuesday, 11 Oct 2016 05:39pm EDT 

Chorus Ltd : priced an issue of eur500 million notes under its euro medium term note (emtn) programme. . notes bear interest at 1.125% per annum and mature on 18 october 2023. . notes are to be issued on 18 october 2016 and will be fully swapped to nzd785 million. .Proceeds from issue will be used to repay chorus' existing bank facilities and for other general corporate purposes.  Full Article

Chorus says Mark Ratcliffe to step down as CEO
Sunday, 28 Aug 2016 04:53pm EDT 

Chorus Ltd : Mark Ratcliffe provides notice to step down as CNU CEO .Mark Ratcliffe to step down as Chorus CEO and managing director around the middle of next year.  Full Article

Chorus Ltd posts FY net profit after tax NZ$91M
Sunday, 28 Aug 2016 04:33pm EDT 

Chorus Ltd : Ns) - Chorus 2016 full year result & annual report . FY operating revenue NZ$1.008 billion versus NZ$1.006 billion . Says FY net profit after tax NZ$91M (FY 2015: NZ$91M) . Says final dividend of 12 cents per share . FY 2017 guidance EBITDA NZ$625 - NZ$645 million . FY 2017 guidance capital expenditure NZ$610 - NZ$650 million . Says FY 2017 guidance dividend: 21 cents per share, subject to no material adverse changes in circumstances or outlook . Says "we expect the number of roles relating to fibre installation to continue to grow" . During UFB build programme to 2020, expects to provide shareholders with modest long term dividend growth from a base of 20cps per annum .  Full Article

Chorus to be added to the S&P/NZX 20 Index
Sunday, 12 Jun 2016 04:33pm EDT 

Chorus Ltd : Chorus will added to the s&p/nzx 20 index effective after the close of trading on 17 June 2016 .  Full Article

Chorus Ltd announces offer of up to $300 mln
Tuesday, 29 Mar 2016 06:57pm EDT 

Chorus Ltd:Chorus has announced an offer of up to $300 million.Offer of 5 year, unsecured, unsubordinated, fixed rate bonds maturing on 6 may 2021 to institutional,new zealand retail investors.  Full Article

Chorus Ltd appoints Patrick Strange as chairman
Sunday, 23 Aug 2015 05:00pm EDT 

Chorus Ltd:Appointed Dr Patrick Strange as chairman from Sept. 01.Jon Hartley has been interim chairman of the Chorus Board since April, and will take up the position of deputy chairman following Dr Strange's appointment.  Full Article

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BRIEF-Chorus Ltd says Mark Ratcliffe steps down as CEO

* Mark Ratcliffe steps down as ceo Source text for Eikon: Further company coverage: