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[sharechat] IFT, SKC, NUF...good buys???

From:	Joe Spooner <JoeSpooner@compuserve.com>
Date:	Tue, 11 Apr 2000 06:50:27 -0400

I have been looking at the following companies and reasons why they would
appear to currently be good buying opportunities.

IFT: Current price of 115 with a 12 month low of 107. If this company is
ever going to experience a capital gain for shareholders it must be in the
not too distant future for those purchasing at the current share price.
Surely with a PE ratio of less than 5 and a dividend yield of 11.8% they
would appear to be undervalued. If rumours are correct that they have or
are looking at purchasing 30% of Waste Management NZ surely this can only
assist their share price. 

SKC: Another company that offers great yields and revenue growth each
period which is currently trading close to a 12 month low. They too are
investing further within their industry by way of other casinos within NZ
as well as the Adelaide Casino in Aus. They would appear to currently be a
very good long term buy for both yields and capital gans at current prices
and the expectation that revenue growth will continue.

NUF: After relocating head office to Australia and investing further into
Australian companies why does this company continue to stumble around
$4.00. It would seem that the NUF share price may retreat even further
before gaining ground as it has been doing over the last few weeks. With
such great EPS it continues to amaze me why the price is so low. Surely a
good buy.

I would really like to find out other peoples views on these three
companies I realise they are not the current darlings of the NZSE, but hey
they would appear to be great opportunities!

 I also reckon CEN & FEG are good buys at todays prices, but that's another
story.

Joe
(Disclosure: hold NUF & CEN, and may hold the others after tomorrow!)


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