Forum Archive Index - July 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

On the subject of good growth stocks like WHS, AIA, ADV and BCH Hugh, I
might add MON, EBO and MHI with MFT also showing some good earnings. Maybe
WAM and FAP also.
They have all been pretty much ignored except MON has put on a bit last
week. I had a look at CAV and there track record is not so good with some
recent bad news so I stayed away.

Would be interested in others thoughs on these picks, Hugh
Phil
(disclosure:own WHS & FAP)

----- Original Message -----
From: "hugh webber" <hugh.webber@clear.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, July 09, 2000 8:01 PM
Subject: [sharechat] (Svy) where to put money from a sale at the mo?


> has just been asked.
> I have to state the obvious and say it depends what your objectives are.
> I'd also say (maybe its the beginning of wisdom) I don't think I have the
> definitive answer.
> In terms of my objectives not in any order of priority
> (a) I want to avoid the volatile risks of overseas exchange rates and
> perhaps the NZ $ has bottomed out anyway
> (b) I'd like high sustainable rates of return with capital growth as a
> byproduct
> (c) I'd like 100% tax imputation or as near as I can reasonably get it
> (d) I'd like it to be hands on, completely under my control with no fees &
> (e) I don't want somebody's weighted average of mediocrity fund
> (f) I'm looking at the medium to long term but I'm willing to sell if
> there's
> an unexpected large blip upwards from say a takeover offer.
> (g) I'd like to apply Warren Buffets successful value investing principles
> i.e. no commodity stocks (which includes Air NZ), no conglomerates,
> look for good management, a good track record, solid consistent growth
> and some sort of hold on the market being sold into.
>
> However these may not be everybody's objectives which is fair enough.
> Some people may have all this as a base already and want to have some
> fun at the margin in which case I'd go for my old stalking horse in
> Australia
> Sausage Software with tons of recovery potential and tech growth with the
> expert and accomplished Wayne Bos at the helm. Other people can point
> out other worthy techs and other candidates.
> Others may seek the excitement of new listings oblivious to the fact that
> most
> new listings go backwards while still making a major profit for the
> floaters.
> And then there's traders which isn't my field.
> Maybe parking the money for a while in high interest until a dead cert new
> listing or recovery prospect comes along might be a good idea but then
> probably cash burns a hole in your pocket as for most share chatters and
we
> have to do something - anything.
>
> Warren Buffett sometimes bought stocks at what people said was too high a
> price because he could see the solid consistent growth pattern and 2 or 3
> years down the track his buys proved to have been cheap. On that basis
> Auckland Airport, the Warehouse, Baycorp, Advantage might prove to be
> cheap.
> You can see that NZ meets my criteria far more than the knee jerk invest
> overseas at any cost conventional wisdom currently applied by fund
> managers.
> For my objectives Hallenstein and Cavalier are looking pretty good and so
> also
> is Capital Properties.
> I'll be interested to see what other observers have to say!
>
> cheers,
> Hugh
>
>
>
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