Forum Archive Index - March 2000
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[sharechat] Beauty Direct
RIL has just sited a propspectus for this company. RIL is now convinced
that insanity has gripped the market and has cashed up forthwith.
If you don't know why this issue is a shocker then you are so far out of
the loop nothing I can say will help. If there are enough of you this
dog may even list at a premium.
On DF Mainland's report of the issue (so called research) let me ask the
simple question: how much are they making on the float?
The real fault lies with the stock exchange in allowing a completely
unproven company such as this to list.
If the company eventually proves to be profitable, although the
prospectus seems to hold little hope of this, competition will remove
any super-profits rapidly in an industry such as this.
Kiwis, use your brains and make something for a change.
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