Forum Archive Index - May 2000

["nick" <acummin@es.co.nz>]

 

 

 Here are the companies i found on the NZSE which qualify on growth

                    1995   1996   1997    1998   1998      f/c2000 

 

Baycorp         6.4      9.1      11.7    14.5   17.5           21             

DB                4         7.5       10        24      11.5       21        

Force            1.75     3.25     3.5       4.75   5.0           5.8       

GPG              2.25    3.00     3,5       2.5     3.75      14.2

KIP                5.5      7         9         10.5    9.75          8.5

Lytleton port   2        6          12        12.5     13         14.3

Montana        6        9          9.75       9.5      11.5      14.6

M.Hill            11.5    13        13.5      18.5      22.7      26.1  

Mainfreight     5.25     7.5      10         10.5     9.5        12.8

Nat Gas        11.2      12.5    13.25     13.25   15.25   10.4

Nufarm          28        30.5     32.5       51.5    44         39.6

port tauranga 10.5      11.75  16           15.25   23.5    25

St lukes         7.5       8         8.5          9.5      12.5   11.3

Trustpower      5.3      8.5      11.5        13.5     13.7    12

Warehouse    13.5     11        24          28        40       34

sky city                    15        36         2.5        47        57

 

 When we take into account f/y 2000 (some already had results too

lazy to check if above or below forcast) there are very few companies

which have increased earnings per share every year and the results

are rather suprising, the companies are

                      APX PEG

 Baycorp                1.1

Force                     .5

Lytleton                   1

Michael hill             .6

 

      I suggest that provided you are happy with management, level

of competition, future prospects etc then Force and michael hill jeweller

look to be the standouts.    Force in particular has taken a battering on

the markets since it turned down ihug. Last year it was happily trading

at 60-70 cents a share and is now down to 45.

      The yield is fantastic and the share has for a long time been liked by brokers

j.b.were.  Clearly undervalued.

       The lord of the rings and the sequels are going to put many bums on

seats, probably more than the film titanic, it only takes a couple

of big blockbusters to have a big effect on the bottom line.

    

 

         Of the others on the list Montana still looks very good as do the warehouse

and sky city.  Baycorp is good but already fully priced and could soon be facing

much more competition. 

       The property stocks, kip and st lukes could now be undervalued as

is investment company gpg.

            All the companies on the list have shown that they are capable of

increasing returns to shareholders over a five year period, they

have done what many of the new compoanies are promising but few will

probably achieve.

 

        Disclosure i just bought Force shares,

 montana for 2.30

 

 nick