Forum Archive Index - March 2000
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[sharechat] A reader comments re selecting NZSE recovery stocks
I thought there was some good info here which could advantageously be
passeded into Sharechat:
"On your current summary, you have missed one of mine, Cedenco. Bad
history, but currently doing well, great yields, great prospects, great
nta. Brierley will sell out shortly, at above market, to a better
shareholder, who will hopefully takeover the Company, my shares included.
Hellaby is one of mine. Great yields, management etc. Talking of dog food,
they are into that. Their recent announcement talked of higher
"transactional" profits in second half. I take this as being, getting out
of pet food, wool, swimsuits and more into the Total Metering and the
"Tracking" that they announced yesterday. With the backstop of the current
buyback, they have to be cheap at current levels.
Designer Textiles recent result was below expectations wasn't it? I thought
that the Moller Textiles acquisition was supposed to have a greater benefit
than it showed."
cheers,
hugh
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