Forum Archive Index - June 2000

["Richard Hooper" <hoop@ihug.co.nz>]

Data on this is hard to find (burn't all my old annual reports in disgust) ( before1999 any figure in annual report was ""instrinsic value"" a value priced by directors when market can't decide what true price is.

In hindsight laymen term for instrinsic value is bullshit value.

If I can recollect I think it was 1.70 sterling, not sure..... The bad news is that they (incl bry) have spent alot more on upgrading THO. The good news is that the upgrading is nearly completed and the cash flow is returning with interest . The bad news is that now the company is not an albatross around BRY neck anymore it want's to sell out at depressed prices (1.70) I understand (rumour)....Logic  ?????????

THO fell from 1.80 to 1.11 when it reported not as good a profit as investors had wished for ( unjust if I might say ) .It now seems to be trending upwards, at present 1.28 .It's natural price seems to be about 1.70 sterling once this negative feeling on the company disappears ( or BRY disappears). 

 

:)))))))

Hoop

  

----- Original Message -----

From: vincent.wang

To: sharechat

Sent: Wednesday, May 31, 2000 8:21 AM

Subject: [sharechat] BRY

Does anyone know what is the per share price BRY paid for its stake in Thistle Hotel a few years ago?

 

RGDS,

 

Vincent Wang