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[sharechat] NZSE Picks: REVESCO

From:	Chris Darby <darby@ak.planet.gen.nz>
Date:	Wed, 1 Dec 1999 15:26:04 +1300


REVESCO.  I confer with an earlier recommendation.  New management 
continues to add value and has enrolled a number of institutions in the 
last 2 months including Colonial who have a holding of 6% and topped up 
with 1.5m @ .45c.  Prospects for growth appear to be by continued  
acquisition in the specialist healthcare sector, mainly West Australia 
with it's high proportion of retirees (great consumers of healthcare).  
A$33m cash in hand signals more to come.  Current market cap of NZ$268m 
is overlooked by most in this market but should change when it exits the 
NZSE for the ASX and probable inclusion in the All Ords.  Liquidity is 
lacking but should change as institutional investors take profits.
    
  

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