Forum Archive Index - April 2000

["G P Thompson" <gp.thompson@bitworks.co.nz>]

The recent fall in BDO from $0.25 to $0.15 bears no relation to the performance of the company. The company now has $7 M in shareholders funds and has been trading for only a few weeks since the IPO. There has been no disclosure of trading performance since then nor would one expect any. The only people unhappy are those Traders who stagged the issue expecting bigger fools than themselves to clamour for the stock after listing. They were wrong so tough luck. Perhaps BDO could now begin buying back their own shares from their IPO subscribers at these bargain basement prices with all the new booty sitting in their bank. How's that for having your cake and eating too! Imagine the scene in 6 months time when BDO announce that profits have substantially exceeded expectations forecast in the prospectus. Genuine investors will the be laughing all the way to the bank. That in a nut shell is the difference between Traders and Investors.

GPT