Forum Archive Index - April 2000

[Stuart Miller <stuart.miller@xtra.co.nz>]

To all long term holders,
Keep an eye on GPG and PMC. Both are investment companies that look for
undervalued assets/cash flows.This situation is tailor made for them.

The former has a healthy lump of uncommitted cash which is a very good
position to be in  at this time. At 1.25 it is cheap as chips and may
well fall further.

PMC held up very well (still cheap @ 5x earnings) on the Aus Xchange;
possibly because the manager has been short the S&P for a long time -
finally paid off. This company invests globally and has a very good
record - Kerr Nielson is not as well known as Sir Ron but definitely cut
from the same cloth.
 With a shallower pocket than many, I will be content to add to my
holdings in both rather than attempt to choose a couple of bargains from
the array of opportunity before us now.

Stuart

----------------------------------------------------------------------------
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.