BRIAN GAYNOR: Port companies – Tauranga trounces Auckland

Thu, 27 Aug 2020

In business numbers can tell the full story and this is clearly the situation when comparing Ports of Auckland with Port of Tauranga.The Bay of Plenty company is hammering its rival as its value has soared by $4.5 billion over the past 15 years as a listed company while an Auckland councillor claims that Ports of Auckland’s value has risen only $2 billion over the same period.Share market values – only one winnerPort of Tauranga listed on the sharemarket on May 5, 1992 after issuing shares to the public at $1.05 each. Its share pric...

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