Forum Archive Index - December 1999

["hugh webber" <hugh.webber@clear.net.nz>]

Marion,
what did you buy them for? 
I seem to recall they are into a Kelly Tarlton's type thingy in Beijing and
somewhere else; Mainzeal which is NZ construction and Mair which is
tanneries in NZ.
Tourism is usually good in the long run but it depends which type and where
and it can be a very long run as we've seen with BIL and Mt Charlotte
hotels. Mainzeal should do well with the current and predicted strong
expansion of the NZ economy but building is also cyclical. Tanneries are a
commodity and commodities are death. Probably you need to grit your teeth
for a while and get out as soon as the price gets up near what you paid.
After that it depends whether you are after a short term fling in a new
listing or something for the long term like Auckland Airport, Ports of
Auckland, Port Lyttelton &.

cheers,
Hugh

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