Forum Archive Index - February 2000

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [	Next by Date	Previous by Date ]
Messages by Thread [	Next by Thread	Previous by Thread ]
Post to the Forum [	New message	Reply to this message ]

Printable version

Re: [sharechat] FFS

From:	"Matthew Van Veen" <mattvanveen@hotmail.com>
Date:	Tue, 22 Feb 2000 23:35:04 GMT

Would the Maori claim on the North Island have an affect as aren't they 
claiming most of the forrests that FFS already own?


>From: Graham Watt <gwatt@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: sharechat@sharechat.co.nz
>Subject: Re: [sharechat] FFS
>Date: Wed, 23 Feb 2000 12:08:22 +1300
>
>Watt can I say!!
>I have tracked FFS seriously for over 3 years.
>I purchased last July. Hedged in August. Hedged in September.
>I did my research and decided that FFS was going to lead the export 
>recovery.
>I was wrong then but now I see it recovering at long last.
>The history:
>10 year steady fall in stock price from $3.20. (Must recover one day)
>June 96 recovery = 25% (in 7 weeks) $1.80 to $2.40
>Last low Sept. 98 = 40c
>Since then 4 recovering fluctuations of 48%, 33%, 25%, 24% (All within 12
>months)
>Nothing in the last 12 months till today. 5.77%
>The way I see it
>DFM picked it 15/11/99 at 70c (Play of the week)
>Excessive discount to net tangible asset backing.
>Increase in Asian demand for logs.
>Beneficiary of export recovery.
>Overseas investors will be in because of upturn in NZSE
>ASX has turned towards a down trend.
>DOW doesn't show bottom of current down trend yet.
>I see a similar shape of graph to that of 1998-99 with continuing 25%
>fluctuations to a recovery next Aug. of around $1.20
>
>Hope so!!
>
>Regards Graham
>
>
>
>
>
>
>
>
>
>----------------------------------------------------------------------------
>http://www.sharechat.co.nz/          New Zealand's home for market 
>investors
>To remove yourself from this list, please us the form at
>http://www.sharechat.co.nz/forum.html.

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.

Messages by Date [	Next by Date:	Re: Re: [sharechat] Investor of the Week/Reverse takeover of SMR Phyllis Taylor
	Previous by Date:	Re: [sharechat] FFS Graham Watt ]
Messages by Thread [	Next by Thread:	re: re: [sharechat] ffs Mike Hudson
	Previous by Thread:	Re: [sharechat] FFS Tim M Johnson ]
Post to the Forum [	New message	Reply to this message ]