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Chorus (NZSE:CNU) Valuation After New Zealand’s Plan to Sell Its UFB-Era Stake
The New Zealand government’s plan to sell down its Chorus (NZSE:CNU) securities and debt is a big reset moment. It shifts attention from past Ultra Fast Broadband funding arrangements to future ownership dynamics and capital flows.
See our latest analysis for Chorus.
That backdrop helps explain why investors have been relatively steady on Chorus, with the share price at NZ$9.33 and a solid 1 year total shareholder return of 10.5 percent building on a 54.6 percent gain over five years.
If this...