Forum Archive Index - April 2000

["Brian Gale" <xtr125689@xtra.co.nz>]

Agree with Stuart on GPG. Have had good rewards (including bonus issues)
from them over a number of years. They have fallen away over recent weeks
for no good reason and look cheap.
BG
----- Original Message -----
From: Stuart Miller <stuart.miller@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, April 17, 2000 9:55 PM
Subject: [sharechat] Re:Good Buys


> 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
>
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