Forum Archive Index - August 2000

["Adam Rands" <adam@iguana.co.nz>]

the wider tech sector is also taking a hammering today (not one stock in 4i
showing green)

4i down 1.6%

maybe not such a good day to announce.


-----Original Message-----
From: Mike Hudson <MHudson@placemakers.co.nz>
To: 'sharechat@sharechat.co.nz' <sharechat@sharechat.co.nz>
Date: Wednesday, August 09, 2000 11:19 AM
Subject: re: re: [sharechat] adv


>John wrote
>"Nick,You say "no big news" but profit up 97% is surely pretty impressive.
>Likeyou though, the market looks like it was perhaps expecting something
>else asthe share price has dropped under $3 again. I do have a couple of
>queries however about their announcement.Could anybody enlighten me as to
>what is meant by "normalised profit" ?How can profit be up 97% but earnings
>per share only up by 41%? Surelyprofit is earned for shareholders and if
>this is up by 97% then earnings pershare should also be up by
>97%?CheersJohn"
>
>My guess is that although it  is not stated in the release it is probably
>because there were more shares on issue compared to the equivalent period
>last year.
>
>Mike
>
>
>
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