Forum Archive Index - May 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

And the new labour laws might be worth considering. (Mrs Palmer)???
----- Original Message -----
From: "Kausa Smith" <kausa_smith@yahoo.com>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, May 13, 2000 1:30 PM
Subject: [sharechat] AFF...money for value...words of fundamentalist


> My 2c worth...
>
> After my broker strongly advised me to hold my AFF
> shares, I did some digging. Here are what I come up
> with:
>
> NTA: 46.1
> EPS: 3.19
> P/E: 11.6
> Div: Nil
> Full year results to 30/09/1999: $6.157m (compared
> with loss $72.878 in previous year)
> Company action: restructuring with focus on costs
> reduction
> Half year results to 31/03/2000 to be announced any
> day from now
>
> Current environment -
> China joint-venture: win-win business initiative (READ
> AFF's contributions are in terms of retiring
> equipements and technical expertise, large potential
> with virtually no risk involved)
>
> Weak Kiwi$$$: excellent condition for exporting
> industry
>
> If a strong earning growth comes out in its half year
> results due out soon, AFF may resume its dividend
> distribution programme
>
> So here you have it Stuart, I'll tell you what the
> Chart has to say after 2 weeks...
>
> Cheers,
> Kausa
>
>
>
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