Forum Archive Index - January 2000

["G Christie" <bayview@ktc.co.nz>]

Yes, I agree. I've just bought back in. GPG must be due it's place in the
sun.
-----Original Message-----
From: Osbert Sun <osbert.sun@xtra.co.nz>
To: sharechat <sharechat@sharechat.co.nz>
Date: Saturday, 8 January 2000 19:06
Subject: [sharechat] GPG


>GPG currently has a cash backing of about $1.00 per share ($500
>million for 470 million shares issued) with NTA nearly $2.00 per
>share. At the latest trading price of $1.50, it has to be a
>bargain. I have bought a small package taking advantage of the
>recent weakness of the stock. Sooner or later some capital has
>to be distributed back to shareholders unless the management is
>able to identify major strategic investment opportunities within
>the next 6 months (or sooner).
>
>Osbert Sun
>
>
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