Forum Archive Index - February 2000

[Derek Watt <dkw@paradise.net.nz>]

Thanks Hugh for your comments about expansion into China.
Interesting reading.
I got the bit about TWRs 25% growth per year since 1990 from
McEwens newsletter, he didn't define "growth", but I think he was 
talking about total assets.
Derek 

At 08:32 PM 2/13/00 +1300, you wrote:
>I hope you're right Derek for the sake of TWR shareholders although I
>need some convincing that in moving out of NZ into the Australian and world
>scene 
>TWR will be able to eat up its competitors without sacrificing
>profitability.
>However it was the China mention that drew my attention and I think NZ
>shareholders
>would find it hard not be cynical with all the history of Lion, Milburn,
>Fernz/Nufarm, Richina
>and countless other companies coming gutsers in China and having to very
>painfully 
>extricate themselves.
>The old China argument that it will be easy to sell 1 bottle of beer a day
>to every Chinese
>or 1 green lipped mussel etc always gets taken up by some new dewy eyed
>exponent only
>to suffer a horrible death when they don't.
>Nevertheless 25% a year compound (is that profits per share?) is worth
>thinking about...
>regards,
>Hugh
>
>
>
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-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
-----------------------------------




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